Four Seasons at The Surf Club penthouse sells for $21M

Four Seasons at The Surf Club penthouse sells for $21M

Buyer is managed by Josh Bennett, a Fort Lauderdale attorney

Surf Club penthouse sells for $21M

A penthouse at the Four Seasons Residences at the Surf Club sold for $20.75 million, marking one of the biggest sales at the luxury condo-hotel.

Property records show Keyla Holdings LLC bought the 5,675-square foot unit at 9001 Collins Avenue for $3,656 per square foot. The developer, Fort Partners, sold unit penthouse 2 in the south tower. Keyla Holdings is managed by Josh Bennett, a Fort Lauderdale attorney, who specializes in asset preservation. The true buyer of the condo is unknown.

Fort Partners completed the project in 2017. It includes 150 condo units, a 72-room hotel, a Le Sirenuse restaurant and a Thomas Keller restaurant.

There are a number of high profile buyers at the luxury development. Developer Richard LeFrak recently paid $9.7 million for penthouse 4B in the south tower, and other buyers include Alan Greenberg, the former publisher of Esquire; Charles Jenkins Jr., the former CEO of Publix, billionaire real estate and casino tycoon Neil Bluhm, and New York real estate developer Richard Ruben.

The most recent sale is still less than Groupon founder Eric Lefkofsky’s $30.7 million purchase of penthouse 7 in the south tower last year.

The hotel and condo project was designed by Pritzker Prize-winning architect Richard Meier, who was accused of sexual harassment last year, and Kobi Karp.

NY developer buys Surf Club condo

Surf Club Four Seasons and Howard Swarzman
New York real estate developer Howard Swarzman and his wife, Michelle, paid $10.25 million for a condo in Surfside, property records show.
The Swarzmans closed on unit 621 in the north tower of the Four Seasons Private Residences at The Surf Club, which was completed earlier this year. Their MSHS Surf Club LLC financed the deal with a $4.35 million mortgage.
Howard Swarzman is a grandson of the late Leonard Litwin, a billionaire developer and head of Glenwood Management. Swarzman and his wife are also philanthropists.
At the Four Seasons, the Swarzmans join other buyers, including Albert “Aldo” Bensadoun, the billionaire Montreal-based founder of the Aldo retail shoe empire, a former Esquire publisher, telecommunications tycoon Rajendra Singh and former Publix Super Markets CEO Charles Jenkins Jr.
Fort Partners developed the project, which includes a 77-room hotel and two 12-story residential towers. Units range from $3.7 million to $31 million, and from 1,800 square feet to more than 7,000 square feet.
The Surf Club development features a private club, two restaurants, four swimming pools, cabanas, a gym and oceanside gardens. It was designed by Pritzker Prize-winning architect Richard Meier with Kobi Karp.

Source: The Real Deal Miami