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Fort Capital Announces Agreement with Four Seasons to Create Four Seasons Hotel at The Surf Club and The Surf Club Four Seasons Private Residences in Surfside, Florida

Fort Capital, the Miami-based private real estate investment company, today announced it has entered into an agreement with Four Seasons, the worlds leading luxury hospitality company, to brand and manage The Surf Club, a 9-acre (3.6 hectare) property on the Atlantic Ocean in Surfside, Florida that Fort Capital acquired in 2012.

Four Seasons Hotel at The Surf Club will have approximately 80 rooms, and incorporate a historic Russell Pancoast-designed building. The Surf Club Four Seasons Private Residences will comprise 150 homes and penthouses in two 12-story towers. Both will offer the intuitive, customized service that is the hallmark of Four Seasons. Richard Meier & Partners, in association with KKAID, is the design architect for the project.

The legendary Surf Club was founded in 1930 by Harvey Firestone as a private membership club. It will soon join a growing portfolio of historic and architecturally important Four Seasons hotels, including the landmark Four Seasons Hotel George V, Paris; the lavishly restored Palazzo and Giardino della Gherardesca at Four Seasons Hotel Firenze; and the majestic Four Seasons Hotel Lion Palace St. Petersburg, housed in a meticulously restored 19th century palace.

The Surf Club boasts 965 feet (300 metres) of Atlantic oceanfront on a 9-acre (3.6 hectare) site that will incorporate the Hotel; two residential towers; a private membership club; two restaurants; four swimming pools; a state-of-the-art spa and fitness centre; more than 40 beach cabanas; and an expansive park and oceanside gardens. The Richard Meier Signature Homes and Penthouses, ranging in size from 1400 to almost 8000 square feet (130-750 square metres), will offer residents extraordinary views stretching from the Atlantic to downtown Miami, with interiors and finishes personally selected by Meier. The design for the buildings utilize his decisive and iconic visual vocabulary -- glass walls, capacious volumes of space, a sensitivity to the movement of natural light throughout the day, and sumptuous yet elemental materials. This is Meiers first project in the Miami area

When we acquired The Surf Club in 2012, our goal was to augment the propertys natural beauty and storied past with the intelligent, purposeful design of Richard Meier to create an elegant, amenity-rich residential and hospitality experience, noted Nadim Ashi, CEO of Fort Capital. By partnering with Four Seasons, we are going to ensure that Four Seasons Hotel at The Surf Club and The Surf Club Four Seasons Private Residences will consistently deliver the highest calibre of service. Their expertise, track record and fully integrated bespoke service will provide owners and guests with an unmatched lifestyle of luxury and ease. Richard Meier & Partners in association with KKAID have created buildings that will become iconic additions to the Surfside landscape.

We move forward with opportunities only if we are confident we have the right location and the right partner a partner who shares our vision for success, said Scott Woroch, Executive Vice President Worldwide Development, Four Seasons Hotels and Resorts. We are excited to partner with Fort Capital and Richard Meier visionaries who have embraced The Surf Clubs rich history and provenance while boldly reimagining its future.
This is a tremendous opportunity to grow our portfolio in Florida, a key growth market for Four Seasons, "continued Woroch. "Four Seasons Hotel at The Surf Club will be a dynamic complement to our existing properties in Florida Four Seasons Resort Palm Beach and Four Seasons Hotel Miami, as well as the highly anticipated Four Seasons Resort Orlando at Walt Disney World Resort opening this summer.

Richard Meier commented, The Surf Club offers a unique opportunity to create an important addition to the built environment, one which affects a balance between the natural beauty of the expansive oceanfront site, and the desire for a new definition of luxury. Incorporating the historic structure; remaining sensitive to the gracious, low-rise context of Surfside, Florida; and further exploring the relationship between structure and sea has been a wonderful project for the firm. With the addition of Four Seasons, I feel confident that the homes and penthouses we have created will be enjoyed to their fullest.

Coastal Construction is serving as general contractor on the project. Construction commenced in late 2013 and is on schedule to be completed in early 2016.

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