Nadim Ashi\u2019s Fort Partners closed its first four sales in the newly completed Seaway at the Surf Club North in Surfside for a total of $161.2 million.<\/p>\n
Fort affiliate Hillcrest Land LLC sold the units in the 11-story, 10-unit building at 9165 Collins Avenue to a smattering of hidden buyers, the South Florida Business Journal reported<\/a>. The Seaway North is the latest in a series of projects attached to Ashi\u2019s Four Seasons Residences at the Surf Club, which have proven enormously popular with Miami\u2019s luxury buyers and set multiple price records in recent years.\u00a0<\/p>\n Fort bought the 1-acre site for the condominium for $41.5 million<\/a> in 2023. Ashi tapped ODP Architecture to design the Seaway North, and started construction in 2024 after securing a $107.6 million construction loan<\/a> from Madison Realty Capital. As part of the extended Surf Club compound, the Seaway North provides residents access to the Surf Club\u2019s four pools, private club, restaurants and other amenities.\u00a0<\/p>\n The first four sales in the Seaway North ranged from $37 million to $44.2 million.\u00a0<\/p>\n The 9165 Collins Trust, managed by attorney Mark S. Meland, paid $44.2 million for the two-story, 9,200-square-foot Beach Villa unit, the outlet reported.<\/p>\n The deals are the latest pricey sales in the Surf Club complex of condos, which has seen a wave of wealth migration-fueled deals.\u00a0<\/p>\n Earlier this month, New York real estate developer Richard Cohen bought a $20.5 million condo<\/a> in the Surf Club, with plans to make the unit his primary residence. In March, ex-Starbucks CEO Howard Schultz paid $44 million<\/a> for a penthouse at the Surf Club, also for a primary residence.\u00a0<\/p>\n