MIAMI—Shore Club, a legendary 309-room hotel, is morphing itself into a luxury condominium. The new owner, New York-based HFZ Capital Group, is reinventing the 1901 Collins Avenue hotel in Miami Beach, FL.

”We specialize in uncovering exceptional real estate opportunities,” says Ziel Feldman, founding principal of HFZ. The firm chose Douglas Elliman to lead the sales effort at the three-acre destination, which will coincide with Art Basel Miami Beach in December.

The Shore Club has a history of celebrity sightings and is home to an infinity pool, rooftop spa, and direct beach access. When complete, the hotel will offer 85 luxury condo residences and 100 hotel rooms.

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