Surfside Seaway North Secures $107.6M Loan for Luxury Condos

Fort Partners, the Fort Lauderdale-based development firm led by Nadim Ashi, has secured $107.6 million in construction financing from Madison Realty Capital for Seaway North, a luxury oceanfront condominium project in Surfside. Located at 9165 Collins Avenue, the 11-story, nine-unit development is rising on the former Hillcrest by the Sea site.

A New Chapter for Luxury Living in Surfside

Construction on Seaway North is already underway, with completion expected in early 2026. The project features:

• Full-floor residences for ultimate privacy
• A two-story beach villa with expansive ocean views
• Exclusive access to The Surf Club’s amenities, including:
  • Four pools
  • Private club services
  • Fine dining restaurants
  • Dedicated parking

So far, seven of the nine units—78% of the project—are already under contract. Four Seasons will manage the residences, ensuring a world-class living experience.

Seaway North’s Place in Surfside’s Real Estate Market

Seaway North is part of Fort Partners’ larger investment in Surfside, which began with the Four Seasons Hotel and Residences at The Surf Club, completed in 2017. In 2023, an affiliate of Fort Partners acquired the 1-acre Seaway North site for $41.5 million.

This project is adjacent to the newly completed Seaway at The Surf Club at 9149 Collins Avenue, where closings began in October. Notable sales at this development include:

• A $31.1 million unit purchased by healthcare mogul Frederick Howe
• A $14.6 million unit bought by Stronach Group CEO Belinda Stronach

Fort Partners’ Expanding Portfolio

Fort Partners has a history of collaborating with Madison Realty Capital. The firm previously secured financing for:

• The Four Seasons Hotel and Residences in Fort Lauderdale
• The acquisition of the Four Seasons Hotel Miami on Brickell Avenue

Additionally, in November, Fort Partners secured a $110.7 million loan for Surf House, another 11-story, 17-unit condo planned for 8995 Collins Avenue. The financing came from Athene Annuity & Life Company, managed by Apollo Global Real Estate Management.

The Future of Luxury Real Estate in South Florida

Fort Partners continues to expand its influence in South Florida’s luxury real estate market. The firm owns all Four Seasons-branded hotels and residential properties in the region. It is also collaborating with Ugo Colombo’s CMC Group on a Four Seasons-branded boutique condo in Miami’s Coconut Grove, which is currently in presales.

 Explore similar luxury real estate opportunities in Surfside.