The Real Deal Miami

Richard LeFrak buys penthouse at Surf Club Four Seasons

LLC tied to LeFrak paid $9.7M for a unit in the south tower of the Surfside development
By Katherine Kallergis | January 14, 2019 11:45AM

Richard LeFrak and a rendering of the Four Seasons Residences at The Surf Club (Credit: Getty Images)

A company tied to developer Richard LeFrak closed on a penthouse at the Four Seasons Residences at The Surf Club.

Property records show Surf Club Apartment LLC, a Delaware company managed by LeFrak, paid $9.7 million for penthouse 4B in the south tower of the luxury Surfside development.

LeFrak, who co-developed 1 Hotel & Homes with Barry Sternlicht, sold a unit at the Setai in Miami Beach to DJ and music producer David Guetta for $9.5 million last year.

LeFrak is chairman and CEO of LeFrak. In South Florida, his projects include SoleMia, a $4 billion mixed-use development in North Miami he’s building with the Soffers of Turnberry Associates.

Fort Partners, led by Nadim Ashi, sold the Surf Club unit to LeFrak. The developer completed the project, which includes 150 condo units, a 72-room hotel, a Le Sirenuse restaurant and a Thomas Keller restaurant, in 2017.

At the Four Seasons, LeFrak’s neighbors include Theory co-founder and CEO Andrew Rosen and South Florida auto dealer Alan Potamkin. Recently filed property records revealed billionaire real estate and casino tycoon Neil Bluhm was the buyer of another penthouse at the property. The hotel and condo project was designed by Pritzker Prize-winning architect Richard Meier, who last year was accused of sexual harassment, and Kobi Karp.