Fort Partners, led by Nadim Ashi, has sold two penthouses at the Seaway at the Surf Club in Surfside for a combined $68.7 million. The transactions involved PH-10A and PH-10B at 9149 Collins Avenue, which were purchased by entities tied to billionaire Pablo Legorreta and his wife, Alumdena Legorreta. PH-10A sold for $54.9 million and spans 12,700 square feet, while PH-10B sold for $13.8 million with 3,600 square feet.
The purchases were financed with mortgages from Morgan Stanley Private Bank totaling $40 million. Pablo Legorreta is known as the founder of Royalty Pharma and has an estimated net worth of $3.6 billion according to Forbes.
These sales follow another significant transaction last month when Fort Partners sold a different penthouse in the same tower for $86 million, setting a record for condo sales in Miami-Dade County. Last year also saw a penthouse at Witkoff Group and Monroe Capital’s Shore Club reportedly go under contract for $120 million.
The high-value deals reflect ongoing wealth migration to South Florida, where an increasing number of affluent buyers are driving demand for luxury homes and condos.
Seaway was completed last year by Fort Partners and designed by architect Joseph Dirand with landscaping by Peter Wirtz. The complex features 34 units across two buildings and provides residents access to amenities at the neighboring Four Seasons Residences at the Surf Club, including a private club, Thomas Keller restaurant, and four pools.
Other notable buyers at Seaway include David Foley of Blackstone’s private equity group who purchased unit 702 for $24.5 million; financier Bippy Siegal who acquired three condos for $18.5 million; and an entity linked to health care executive Frederick Howe that bought two condos for a total of $31.1 million.
Nadim Ashi is also developing additional condominiums adjacent to the Surf Club after securing a construction loan of $107.6 million last year for Seaway North at the Surf Club.
