Fort Partners Purchase Land in Surfside to Build 14-Story Condo

A subsidiary of Fort Partners, which constructed the opulent Four Seasons Residences at the Surf Club in Surfside, spent $41.5 million for an oceanfront plot of land in the community where a new condominium will be constructed.

9165 Surfside LLC, acting on behalf of Wexford Real Estate Investors of West Palm Beach, sold the 0.54-acre site at 9163 to 9165 Collins Ave. to Hillcrest Land LLC, acting on behalf of Fort Lauderdale of Fort Lauderdale. 9165 Collins Ave Lender 1 LLC provided the buyer with a $50 million mortgage.

The Hillcrest by the Sea co-op building, which was constructed in 1949, is still located on the land, which is close to the north of the Surf Club. A premium apartment will be built in the place of that 24-unit structure.

The land will be redeveloped with a 14-story condo in 10 levels and 32 spaces in an underground parking garage, according to plans approved by town officials in 2022. Condos would be very big, with 10,000 to 12,500 square feet of space.

The proposal was created by Hollywood firm ODP Architecture.

This continues the pattern of older co-op and condo buildings along South Florida's coast being purchased and renovated into luxury condos to accommodate the inflow of affluent out-of-state residents.

Just south of Collins Avenue, Fort Partners plans to build another condominium.