NY money manager pays $12.4M for Four Seasons at The Surf Club unit

Another Surf Club unit sold last week for $6.8M

TRD MIAMI /
Jun.June 05, 2017 11:30 AM

Another Four Seasons at The Surf Club unit has sold, this time to buyer Todd Green, a senior managing director and portfolio manager with First Manhattan.

The Connecticut resident bought unit N-721 at the newly completed 9-acre development at 9101 Collins Avenue in Surfside, property records show.

Green’s new unit was sold by Fort Partners under the entity SC Residences Condominiums LLC, records show. The development 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.

The project was designed by Pritzker Prize-winning architect Richard Meier and Kobi Karp of Kobi Karp Architecture & Interior Design, and was built on the site of the former private beach club founded in 1930 by Henry Firestone Club and designed by Russell Pancoast.

Records show Fort Partners paid $116 million for the site in 2012. Eleven units, not including Green’s, have closed in Miami-Dade County records since the hotel held a grand opening in March.

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. The average price per square foot is about $2,400, according to Fort Partners CEO Nadim Ashi.

Just last week, another unit at The Surf Club was sold to Telecommunications tycoon Rajendra Singh and his wife Neera who paid $6.8 million for unit N-715. Singh, the founder of Telcom Ventures and Digital Service Corp., owns a 13,680-square-foot mansion at 23 Indian Creek Island Road that he bought for $10 million in 2007.

In Surfside, some nearby developments include Fendi Chateau Residences, Jason Halpern’s planned luxury boutique condo Surf House, and ASRR Capital’s planned Arte by Antonio Citterio, which is just a block away from the Surf Club.


Related Articles

arrow_forward_ios
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)

Billionaire TV family sells Miramar property to Florida Crystals

Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential

Florida Crystals sells Margate rentals for $60M

Florida Crystals sells Margate rentals for $60M
From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Diesel family dishes on Wynwood condo project
 4601 Le Jeune Road, Jose Boschetti and Maurice Boschetti

Gables Residential sells dev site near Shops at Merrick Park

Gables Residential sells dev site near Shops at Merrick Park
Greg Pinkalla and ORA Flagler Village Apartments (Credit: Google Maps)

Fairfield Residential sells new Flagler Village apartments for $92M

Fairfield Residential sells new Flagler Village apartments for $92M
Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...