Fort Partners Secures $110.7 Million Loan for New Oceanfront Condo Project in Surfside

Fort Partners, the developer behind the successful Four Seasons Residences at the Surf Club, has obtained a $110.7 million construction loan for its latest oceanfront condominium project in Surfside, Florida. The loan was provided by Athene Annuity and Life Co., Fox Hedge Intermediate B, and EOS Luxembourg SCSP SICAV-RAIF to Surf House Land LLC, an affiliate of Fort Partners, covering a 25,171-square-foot site at 8995 Collins Ave.

The Surf House, a luxury condo building approved for 19 units across 11 stories, will feature spacious residences averaging over 4,000 square feet each. Designed by Miami-based Kobi Karp Architecture, the project will offer premium amenities, including a pool on the lower level and two exclusive rooftop pools for its penthouses.

The developer recently began soil preparation, including deep soil mixing and pile casting, in anticipation of construction. Fort Partners purchased the site for $60 million in April, following the demolition of a previous 36-unit building in 2023.

Fort Partners has enjoyed notable success with nearby projects, including the Four Seasons Residences at the Surf Club and the newly completed Seaway at the Surf Club, both of which have seen strong sales demand.