Developers launch sales for boutique condo project in Surfside

Developers hope to complete building by mid-year 2018

Oct.October 21, 2016 02:25 PM

The tiny town of Surfside is getting yet another condo development.

Developers Leonardo Ambard and Salvador Di Lodovico announced they’re launching sales for 88 Hundred Collins, a boutique luxury condo project across the street from Veterans Park.

Plans for the project, located at 8800 Collins Avenue, call for a four-story building with 28 luxury units ranging in price from $695,000 to just under $2 million. Residences sizes vary between one-bedroom lofts with 1,150 square feet and three-bedroom “sky homes” on the upper floors with 3,400 square feet, rooftop terraces and Jacuzzis.

Coldwell Banker’s Rosy Cancela will head marketing and sales for the project. Amenities include a pool, lounge, barbecue area, gym and yoga terrace. The building will also house 50 parking spaces for residents, according to a release.

The developers hope to break ground next year and wrap up construction by mid-year 2018.

County records show the developers have begun tearing down the property’s existing single-story condo buildings, which they bought in separate deals totaling $4.75 million between July 2014 and January of this year.

According to the announcement, Ambard previous developed a 368-unit condo-hotel in Doral, while Di Lodovico owns hotels in Italy and is the CEO of Aripgra, a Venezuelan construction company.

Surfside, once a sleepy town mostly made up of small apartment buildings and houses, has seen a wave of luxury development in recent years. Fort Partners is building the 9-acre Surf Club Four Seasons, the Chateau Group recently finished its luxury Fendi Chateau condo tower and other companies are mustling their way into development sites by bulk purchasing units in older condo buildings — Sean Stewart-Muniz

Related Articles

Fendi Chateau and Israel Roizman of Roizman Development (Credit: Chateau Group via Curbed)

Low-income housing developer buys condo at Fendi Château

Sapir Corp. takes $32M loan from Tamir Sapir’s estate

Richard Lichter and Four Seasons Residences at the Surf Club

Twice as nice: Newbury Partners founder picks up second unit at Surf Club Four Seasons

Randy Carballo and Ileana de la Torre

Movers & Shakers: Blanca CRE poaches Randy Carballo from JLL & more

Pricing revealed at Sapir’s Arte by Antonio Citterio in Surfside

Four Seasons at The Surf Club penthouse sells for $21M

Fort Partners lands $56M refi for Four Seasons Surf Club in Surfside

Arte by Antonio Citterio’s architecture is “a little bit more experimental”: Alex Sapir