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

Another Surf Club unit sold last week for $6.8M
By Amanda Rabines | June 05, 2017 11:30AM

View from street (Inset: Todd Green) (Credit- Field Condition)

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.