Newbury Partners founder secures spot at Surf Club Four Seasons

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

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.

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