The Real Deal Miami

Four Seasons at The Surf Club condo sells for $9.3M

Three units have closed in county records so far, ranging from $4.6M to $9.3M
By Katherine Kallergis | April 18, 2017 05:30PM

Rendering of the Four Seasons Hotel and Residences at The Surf Club

A Florida company paid $9.3 million for a condo at the newly completed Four Seasons Residences at The Surf Club in Surfside, property records show. 

Nikki Investment Corp., a company that lists an Aventura address, bought unit 521 in the north tower of the Four Seasons, which is the first of the project’s two residential towers to receive its temporary certificate of occupancy. The Aventura address is tied to Francesca and Glenn Halpryn. Francesca Halpryn, an agent with One Sotheby’s International Realty, could not immediately be reached for comment. Glenn Halpryn is a real estate investor, according to Bloomberg.

Fort Partners developed the Surf Club project, which includes a 72-room hotel, two 12-story residential towers, a private club, two restaurants, four swimming pools, cabanas, a gym, oceanside gardens and a park. It was designed by Pritzker Prize-winning architect Richard Meier of New York-based Richard Meier & Partners along with Kobi Karp of Kobi Karp Architecture & Interior Design. The Four Seasons was developed on the 9-acre site of the former private beach club founded in 1930 by Henry Firestone Club and designed by Russell Pancoast.

Only three units have closed in Miami-Dade County records since the hotel held a grand opening last month. In addition to the $9.3 million deal recorded on Monday, Vitara Business LLC paid $7.05 million for unit 319, also in the north tower; and 9WH LLC paid $4.6 million for unit 811. California records show San Francisco investor Marc Abramowitz and Anita Abramowitz control the entity 9WH.

Fort Partners CEO Nadim Ashi said at the opening that the development hit $1 billion in condo sales. Condo units range in price from $3.4 million to $18 million, and in size from 1,400 square feet to more than 7,000 square feet. Ashi said the average price per square foot is $2,400.

The developer paid $116 million for the site in 2012. Other projects in Surfside include the recently completed Fendi Chateau Residences, Jason Halpern’s planned luxury boutique condo Surf House, as well as a joint venture between Israel-based ASRR Capital and Istanbul-based Suzer Group on a project a block away from the Surf Club.