Nadim Ashi’s Fort Partners closed its first three sales in the newly completed Seaway at the Surf Club North in Surfside for a total of $121.2 million.
Fort affiliate Hillcrest Land LLC sold the units in the 11-story, 10-unit building at 9165 Collins Avenue to a trio of hidden buyers, the South Florida Business Journal reported. The Seaway North is the latest in a series of projects attached to Ashi’s Four Seasons Residences at the Surf Club, which have proven enormously popular with Miami’s luxury buyers and set multiple price records in recent years.
Fort bought the 1-acre site for the condominium for $41.5 million in 2023. Ashi tapped ODP Architecture to design the Seaway North, and started construction in 2024 after securing a $107.6 million construction loan from Madison Realty Capital. As part of the extended Surf Club compound, the Seaway North provides residents access to the Surf Club’s four pools, private club, restaurants and other amenities.
The first three sales in the Seaway North ranged from $37 million to $44.2 million.
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.
The deals are the latest pricey sales in the Surf Club complex of condos, which has seen a wave of wealth migration-fueled deals.
Earlier this month, New York real estate developer Richard Cohen bought a $20.5 million condo in the Surf Club, with plans to make the unit his primary residence. In March, ex-Starbucks CEO Howard Schultz paid $44 million for a penthouse at the Surf Club, also for a primary residence.
In November, Fort Partners sold an oceanfront penthouse in the first Seaway at the Surf Club for $86 million, which is the most expensive condo ever sold in Miami-Dade County.
–– Kate Hinsche
