Financier Bippy Siegal and his wife, Jacqueline Siegal, bought a trio of units at the oceanfront Seaway Villas in Surfside, after selling their condo at the adjacent Four Seasons Residences at the Surf Club for $18.5 million.
Records show the Siegals paid a combined $23 million for units 402, 403, and 405 at Seaway at 9149 Collins Avenue from the developer, Nadim Ashi’s Fort Partners. They financed the purchases with a $14 million loan from Amerant Mortgage, according to public records.
Bippy Siegal founded New York-based Modern Bank, and is CEO of the private equity firm Raycliff Capital. Through Raycliff, Siegal is invested in the private club Soho House, and is also backing a Miami Design District project. The Siegals sold their 4,000-square-foot condo at Surf Club Four Seasons for $18.5 million in July, after buying it for $8.7 million in 2019.
Property records have not yet been updated to reflect information about the size or floorplans of the Siegals’ Seaway units. Ashi’s Fort Partners completed the 11-story, 34-unit condo building in the fall, and closings began in October. Architect Joseph Dirand designed the project, and Peter Wirtz designed the landscaping. Seaway is adjacent to Surf Club Four Seasons, and residents of Seaway have access to its amenities, including four pools, a private club and a Thomas Keller restaurant. Since closings began, buyers at Seaway have included high profile figures from a range of industries. In December, an entity linked to health care mogul Frederick Howe bought two units for $31.1 million. In October, Stronach Group CEO Belinda Stronach, who owns Hallandale Beach’s Gulfstream Park, bought a unit for $14.6 million. That same month, an entity linked to Blackstone executive David Foley closed on a condo for $24.5 million, records show.
