5, 2013
This past December Manuel Grosskopf and his father Sergio Grosskopf launched construction on their first U.S. project, the Chateau Beach Residences, a luxury oceanfront condominium tower located in Sunny Isles Beach.
The Grosskopfs, originally from Argentina have been investing in South Florida real estate for several years. The Chateau Group, owned by the father and son team helped to finance the luxury condominium towers 900 Biscayne and Quantum on the Bay, both located in Miami. The Chateau Group is known for developing malls and luxury condominiums in Buenos Aires the capital of Argentina.
Construction on Chateau Beach Residences, located at 17475 Collins Avenue began in December and will be finished in about 24 months. The luxury oceanfront condominium will be 35 stories with 84 residences and various two to five bedroom floorplans. The residences will include floor to ceiling windows for the breathtaking ocean and city views. The oceanfront condo tower will also include a Penthouse with a private swimming pool.
About 60 percent of the condos at Chateau Beach Residences are already sold, according to Manuel Grosskopf. Many of the buyers are foreigners from Argentina, Brazil, Russia and Columbia.
Once Chateau Beach Residences is complete, development of Chateau Ocean will take place. Chateau Ocean is going to be another luxury oceanfront condominium tower located in Sunny Isles Beach, just South of Chateau Beach Residences. The location is currently the site for a Best Western Motel. The Chateau Group purchased the site for $50 million last spring.
The Grosskopfs saw the potential in Sunny Isles Beach years ago.
“We saw a beautiful piece of property on the ocean between Bal Harbour and Aventura,’’ Manuel said.
Sunny Isles Beach went from a small resort area to one of the hot destination spots for new oceanfront condominium towers in Miami.
Source: The Miami Herald
