LD&D and One Capital scored a $30.5 million construction loan for their planned Surf Row condos in Surfside.
New York-based Maxim Capital Group provided the financing for the 24-unit complex planned at 8800 Collins Avenue (formerly 8809 Harding Avenue), according to the news release.
LD&D, led by Diego and Alejandro Bonet, and One Capital, led by One Sotheby’s International Realty’s Daniel de la Vega, first launched Surf Row as an eight-unit townhouse development in 2022. In 2024, the partners relaunched the project with more, smaller units and lower prices.
The developers tapped Alfonso Jurado Architecture and Boris Pena Architects to design Surf Row. The building will include units spanning between one and three bedrooms, and amenities like a fitness center, spa facilities, a rooftop pool and co-working space, the release shows.
De la Vega’s One Sotheby’s is leading sales and marketing for the project, with prices starting at $1.4 million. Construction has begun and is expected to finish in 2027, the release shows.
The partners bought the 0.7-acre non-waterfront site for $7.3 million in August 2021, two months after the deadly Champlain Towers South collapse at the catty-corner 8777 Collins Avenue site.
Since then, the area has emerged as a hub for luxury development.
Dubai developer Damac Properties is planning the 12-story, 37-unit Zaha Hadid Architects-designed Delmore on the Champlain Towers collapse site. Prices start at $15 million.
Nadim Ashi’s Fort Partners has been rapidly expanding its developments along the Collins Avenue shoreline. Its projects there include the Four Seasons Residences at the Surf Club, the Seaway at the Surf Club, Seaway North and Surf House. Ashi scored a $107.6 million construction loan for Seaway North last year, and a $110.7 million loan for Surf House in 2024.
Earlier this month, former Starbucks CEO Howard Schultz paid $44 million for a penthouse at the Surf Club.
