Fort Partners, the developer behind the Four Seasons Residences at the Surf Club, has secured a $107.6 million construction loan to develop a 10-story luxury condominium at 9163–9165 Collins Avenue in Surfside. Designed by ODP Architecture & Design, the project will feature 14 expansive units and a subterranean parking garage with 32 spaces.
The financing, provided by Madison Realty Capital through its affiliate 9165 Collins Ave Lender 1 LLC, increased from an initial $55 million to support construction. The 0.54-acre site, located just north of the Surf Club, was acquired by Fort Partners for $41.5 million in early 2023. The previous co-op building on the site was demolished, and site work for the new development has already commenced.
Approved by the town of Surfside, the condominium will house units ranging from 10,000 to 12,500 square feet, catering to the ultra-luxury market. Fort Partners, known for record-breaking sales at the Surf Club and Seaway at the Surf Club, continues to expand its presence in Surfside with this latest development.
This project further reinforces Fort Partners’ position as a key player in delivering high-end residential developments in South Florida’s competitive luxury real estate market.
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