Argentine developer
expands Miami presence
The Argentine developer Château Group, led by Manuel Grosskopf and his father Sergio Grosskopf, has helped finance two major Miami condominium towers with Miami Terra Group – 900 Biscayne and Quantum on the Bay — but overall has kept an almost conspicuously low profile in South Florida. But recently the developer has begun expanding its Miami real estate profile, according to the Miami Herald.
In December, Château Group launched their first major solo U.S. construction project, the Château Beach Residences, an oceanfront luxury condominium at 17475 Collins Avenue in Sunny Isles.
Last year the Grosskopfs also put up $50 million to purchase the oceanfront Best Western hotel near 94th Street and Collins Avenue in Surfside. They plan to redevelop the site into the Château Ocean, a 12-story, 85-unit condominium development.
“We’re a very low-profile family,’’ Manuel Grosskopf, head of U.S. operations for Château Group, said in a recent interview with the Herald in his Hallandale offices — located in a building that Château owns at 1000 E. Hallandale Beach Boulevard. “Coming from Argentina, you have to be very low profile,’’ he added, citing security concerns common among wealthy Latin Americans. [Miami Herald] --Christopher Cameron
