The $116 million sale paves the way for a renovation of the historic clubhouse and a condominium-hotel project.
December 07, 2012 at 12:00 AM
1 minute read
The dramatic transformation of Surfside’s private Surf Club into a luxury condominium-hotel complex is set to begin.
SC Property Acquisition LLC, a Miami company led by Turkish conglomerate Koc Group, Thursday closed on its $116 million purchase of an ownership stake in the club, according to Miami attorney Robert Zarco, the club’s general counsel. The Koc-led company can now move forward with a renovation of the historic clubhouse and build a 285-unit condo-hotel project.
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