Newbury Partners founder secures spot at Surf Club Four Seasons

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

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
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Alex Sapir and Bella Sapir (Credit: Mark Von Holden/WireImage via Getty Images, and ADRIEL REBOH/Patrick McMullan via Getty Images)

Alex Sapir’s family closes on condos at Sapir’s Arte in Surfside

Alex Sapir’s family closes on condos at Sapir’s Arte in Surfside
A renderings of the Shops at Sunset Place project and a rendering of the Surfside Town Center project

Voters decide South Miami, Surfside and Bal Harbour real estate referendums

Voters decide South Miami, Surfside and Bal Harbour real estate referendums
Four Seasons Residences at the Surf Club in Surfside

Miami condo sales go up, but dollar volume falls

Miami condo sales go up, but dollar volume falls
Map of condo sales and the Surf Club Four Seasons (Credit: Google Maps)

Down again: Miami condo sales declined last week

Down again: Miami condo sales declined last week
Antonio Sersale and Nadim Ashi, with Le Sirenuse at the Surf Club (Credit: Google Maps and Jacopo Raule/Getty Images)

Arrivederci: Le Sirenuse at The Surf Club shutters permanently due to coronavirus

Arrivederci: Le Sirenuse at The Surf Club shutters permanently due to coronavirus
Four Seasons Residences at The Surf Club with Tommy and Thalía Mottola (Credit: Craig Barritt/Getty Images)

Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo

Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo
Alex Sapir, Arte in Surfside

Alex Sapir gets lender approval to rent out units at Surfside condo project

Alex Sapir gets lender approval to rent out units at Surfside condo project
arrow_forward_ios

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

Loading...