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

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