
Fort Partners Takes Significant Steps in Surfside with $25M Condo Purchase
In an impressive move within the South Florida real estate market, Fort Partners has acquired a luxury condo in its Seaway project in Surfside for a staggering $24.5 million. This acquisition arrives almost a year post-completion of the building, which has seen remarkable success with a total of $320.7 million in sales since its openings in October of last year.
What Makes Seaway Special?
The Seaway condos, an 11-story structure with 34 upscale units, boast an array of amenities linked to the adjacent Four Seasons Hotel and Residences at the Surf Club. Each residence has access to luxurious facilities including pools, spas, and dining options curated by world-renowned chef Thomas Keller. The unit purchased by Fort Partners spans 4,400 square feet and is designed by notable architect Joseph Dirand, further enhancing the building’s prestige.
Luxury Living: Attracting Notable Residents
This high-end development has attracted influential buyers such as Frederick Howe and Belinda Stronach, showcasing the condo's appeal within the luxury segment of the market. The Seaway project stands among the most sought-after luxury condo developments, with properties in this area often selling for record-breaking prices, such as a recent $44 million penthouse sale linked to an entity associated with Apple.
Future Development Plans and Financing
Fort Partners is not stopping with the Seaway; they are actively expanding their portfolio in Surfside. Recently, they secured substantial financing, including a $110.7 million construction loan for Surf House, a forthcoming 17-unit condo, and $107.6 million for Seaway North at the Surf Club, further emphasizing their commitment to luxury living in the region.
The Surfside Luxury Market
Surfside has solidified its standing as a prime location for luxury condo living, attracting affluent buyers who seek a blend of exclusivity and resort-style amenities. As Fort Partners continues to develop in this bustling area, it signals a thriving market that is well-positioned for growth and investment.
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