F
ort Partners secured a $107.6 million construction loan from Madison Realty Capital for Seaway North, an 11-story luxury condo project at The Surf Club in Surfside. Led by Nadim Ashi, the Fort Lauderdale-based developer is building nine units on the former Hillcrest by the Sea site at 9165 Collins Avenue. A construction accident occurred there in December, injuring three workers.

    Fort Partners acquired the 1-acre site for $41.5 million in 2023 and plans to complete Seaway North in early 2026. Seven of the units, about 78% of the project, are under contract with Four Seasons managing the properties. The building will feature full-floor units, a beach villa on the first two floors, and access to Surf Club amenities.

    This is part of Fort Partners' larger investment along Collins Avenue, which began with their completed Four Seasons Hotel and Residences in 2017. They also recently secured a $110.7 million construction loan for Surf House, an 11-story building planned for 8995 Collins Avenue.