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| Surf Club Four Seasons Private Residences and Four Seasons Hotel, 9011 Collins Avenue North Surfside, FL |
HFF worked on behalf of
the borrower, SC Property Acquisitions, LLC, an entity controlled by Fort
Capital Management, to secure the construction loan through The Blackstone
Group’s Debt Strategies Fund.
The Surf Club is located
at 9011 Collins Avenue with more than
900 linear feet of Atlantic Ocean frontage and is within walking distance of
the world famous Bal Harbour Shops.
Situated on three parcels of land totaling
approximately 8.7 acres, the resort will be centered around the meticulously
renovated Mediterranean building, which has housed The Surf Club since its
inception in 1930, playing as home to luminaries from Elizabeth Taylor to
Winston Churchill for more than eight decades.
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| Jim Dockerty |
The project will be completed in 2016. Four Seasons Hotel amenities will include a
fine dining restaurant, 15,000-square-foot Four Seasons spa, resort-style
swimming pools, fitness centers and beach cabana lounge areas.
The HFF team representing
the borrower was led by managing director Jim Dockerty and senior real estate analyst Scott Wadler.
Blackstone was represented in the transaction by Michael J. Barker, Esq. of Fried, Frank, Harris, Shriver & Jacobson LLP, and Luis Flores, Esq. of Arnstein & Lehr LLP.
Fort Capital was represented
by William G. McCullough, Esq. and John
F. Halula, Esq. of Holland & Knight LLP.
According to Dockerty,
“With USD $1.2 billion of inventory and more than 60 percent of the residences
already sold, the project is on track to have the largest sellout in the
history of luxury residential real estate for a project in South Florida.”
For
a complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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