“There’s some tension, but if you think of all the divisions that have happened in the real estate industry, this was a rather smooth one,” Henry Elghanayan told the publication. As with other types of businesses, there are merits to working Harrison Lefrak at the family company, as there are potential pitfalls. The general consensus among all the families contacted by CO was that the younger generation can do as they wish—but they know they can always join the family business if they want to.

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In all, the Surf Club, designed by New York architect Richard Meier along with Miami-based architect Kobi Karp, includes 150 condo units, a 72-room Four Seasons hotel, a Le Sirenuse restaurant and a Thomas Keller restaurant. Other unit owners include former Esquirer publisher Alan Greenberg, former Publix CEO Charles Jenkins Jr., billionaire real estate and casino tycoon Neil Bluhm, and Groupon founder Eric Lefkofsky. He contains himself and people around him to the maximum specifications of quality and integrity, making sure that every venture bears the trait of brilliance.