“Foreign buyers, particularly Latin Americans, were hailed as South Florida’s saviors during the recession and the slow recovery of the condominium market.”
Slowly but surely, South Florida’s investors and developers are getting back to the grind. One of those developers is none other than our client, The Chateau Group. The father and son Argentine Developers are opening the way to a new breed of buyers. With units at the luxury Chateau Beach, breaking ground in Spring 2013, requiring deposits of 70 percent of the condo’s price. “Buyers paying an average of $850 per square foot for units ranging from 1,500 to 5,000 square feet are coming from across Latin America, primarily Brazil and Argentina, as well as from Russia.” The Chateau Group is focusing their efforts primarily in the Sunny Beach Isles area. m2e is proud to be providing Peer Review Services for this client.
To read the full Daily Business Review Article, click here.