The Real Deal Miami

Former Goldman Sachs managing director buys Surf Club condo in Surfside

Developer sold the Four Seasons unit for $2,550 psf
By Keith Larsen | May 04, 2018 02:39PM

Joel Beckman, Four Seasons Private Residences at The Surf Club

A former Goldman Sachs managing director just paid $7.66 million for a unit at the Four Seasons Private Residences at The Surf Club.

Joel and Shari Beckman purchased unit 519 in the north tower of the Surfside luxury condominium for more than $2,550 per square foot. The three-bedroom, five-bath 3,000-square-foot condo was sold to the Beckmans by the developer, property records show.

Joel Beckman was formerly a managing director and partner at Goldman Sachs and later founded Greenbriar Equity Group LLC in 1999, a private equity fund with more than $1 billion in assets under management. Greenbriar focuses on investing in transportation and transportation-related companies, according to its website.

At the Four Seasons, the Beckmans join New York real estate developer Howard Swarzman, who last November paid more than $10 million for a unit in the condo project’s north tower. Swarzman is the grandson of the late billionaire developer Leonard Litwin. New York real estate developer Richard Ruben also owns a unit in the building.

Fort Partners completed the development in 2016. It includes a 77-room hotel and two 12-story residential towers. Units range from $3.7 million to $31 million, and from 1,800 square feet to more than 7,000 square feet. It includes two restaurants, four swimming pools, cabanas, a gym, oceanside gardens and a park.

It was designed by Pritzker Prize-winning architect Richard Meier of New York-based Richard Meier & Partners along with Kobi Karp of Kobi Karp Architecture & Interior Design. The Four Seasons was developed on the 9-acre site of the former private beach club founded in 1930 by Henry Firestone Club and designed by Russell Pancoast.