If you have been paying attention to Andrew Rosen, co-founder and CEO of fashion retailer Theory, you might already know that he sold off his luxurious Miami Beach penthouse at Setai Miami Beach last year for a cool $8.5 million. We can now report that Rosen has officially chosen a new base with his recent purchase of an apartment located in the Four Seasons Residences at the Surf Club in Miami, Florida.
Based on insider information and property records, the fashion guru has paid $5.15 million for unit 909 in the south tower of the Four Seasons Residence. This property serves as a luxury condo and hotel based on a nine-acre area and found at 9191 Collins Avenue in Surfside. Rosen also owns a four-bedroom apartment in Manhattan, along with a residence in Southampton.
About Andrew Rosen
For those who are not familiar with Andrew Rosen, he founded the brand Theory back in 1997 with fashion designer Elie Tahari. In 2003, he sold the majority of his shares but retains 11% and continues to run the brand. He continues to have a strong relationship with Theory’s owner, Tadashi Yanai, who also owns J Brand and Uniqlo.
Rosen has since gone on to invest $10 million in emerging designers who include Rag & Bone, Proenza Schouler, and Alice + Olivia. He also has stakes in Gryphon, Aiko, and Kiki de Montparnasse.
In addition to Rosen, Surf Club Four Seasons has recently seen a purchase from another fashion Icon, Albert “Aldo” Bensadoun. Bensadoun is the founder of footwear company Aldo. He paid $10.25 million for his south tower unit 501.
Surf Club Four Seasons
The Surf Club is hardly new, even if its latest iteration is. Back in 1959, an advertisement for the club read “Spectacular is the word for The Surf Club.” The Surf Club opened back in 1930, founded by tire tycoon Harvey Firestone. It was a place for celebrity and excitement, a place where prohibition was might as well not have existed.
Moreover, that could have been the end until earlier this year, when the Surf Club opened again as a hotel, private club, and condominiums.
The Surf Club development has numerous amenities which include two restaurants, a private club, a gym, four swimming pools, numerous cabanas, a spa, adult quiet pool, water sports, and oceanside gardens. The property was designed by Pritzker Prize winner Richard Meier, and Kobi Karp.
Fort Partners development includes two residential towers, each 12 stories high. A 77-room hotel is also on the property. The price of units at Surf Club range from $3.7 million all the way up to $31 million with sizes ranging from 1,800 square feet all the way up to a spacious 7,000 square feet.
No specifics are known about Rosen’s particular unit, but marketing materials show that the condos come in blue, white, and moss green and include custom work by French interior designer, Joseph Dirand.