Newbury Partners founder secures spot at Surf Club Four Seasons

Richard Lichter paid $7.4 million for a unit in the south tower

TRD MIAMI /
Dec.December 19, 2017 04:00 PM

Rendering of the project and Newbury Partners’ Richard Lichter (Credit: Four Seasons Private Residences at The Surf Club and Newbury Partners)

Richard Lichter, founder and managing partner at private equity firm Newbury Partners, joins the growing roster of big-name buyers at the Four Seasons at The Surf Club.

Property records show the finance exec plunked down $7.4 million for unit 809 in the south tower of the Four Seasons Private Residences at The Surf Club.

The Stamford, Connecticut-based secondaries private equity firm has more than $2.8 billion in capital commitments, according to its website. As of October, it’s fourth fund has raised $1.27 billion, the Wall Street Journal reported.

Lichter’s new unit was sold by Fort Partners under the entity SC Residences Condominiums LLC, records show. The newly completed development includes a 77-room hotel and two 12-story residential towers. Units range from $3.7 to $31 million, and from 1,800 to more than 7,000 square feet.

The development also features a private club, two restaurants, four swimming pools, cabanas, a gym and oceanside gardens. It was designed by Pritzker Prize-winning architect Richard Meier with Kobi Karp.

Records show that units 611, 512 and 409 in the south tower also closed for a combined $22.5 million. Stacey Lane of the Stacey Lane 2017 Revocable Trust paid $5.4 million for unit S-409. Jennifer M. Bruder of the Jennifer M. Bruder 2013 Revocable Trust paid $5.35 million for unit S-512, and Constance Silver of the Constance Silver Revocable Trust paid $11.75 million for unit S-611.

The buyers join a list of other high-rollers who bought units at the luxury development, including hedge funder and philanthropist Jill Braufman, as well as Theory co-founder and CEO Andrew Rosen.


Related Articles

arrow_forward_ios
Jonathan Sobel and his units at the Surf Club (Credit: Realtor and Redfin)

Ex-Goldman Sachs partner picks up Surf Club condos at a discount

Arte by Antonio Citterio, Alex Sapir and Gerard Guez

Alex Sapir’s business partner buys condo unit at Sapir’s luxury Arte

Don Shula and the Four Seasons Residences at The Surf Club (Credit: Getty Images)

Dolphin great Don Shula scores condo at Surf Club

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Carlo Dipasquale, Wendy Mendoza and Tom Shannon and unit 409-S at the Four Seasons Residences at the Surf Club (Credit: Getty Images)

Bowling kingpin scores unit at the Surf Club Four Seasons

Pam Liebman and Silvia Coltrane

Corcoran courts new dev expert in Surfside, opens fifth office

Daily Digest Miami

Carl DeSantis buys Delray office building, Faena lists Miami Beach home: Daily digest

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

arrow_forward_ios
Loading...