October 24, 2014

CEO Spotlight

Water Works

Martha Brannigan | 3/1/2006
DIEGO LOWENSTEIN
CEO / Lionstone Development
Miami Beach

Born: Buenos Aires, Argentina, 1968

Business: Family enterprise founded 30 years ago by Diego's father, Alfredo Lowenstein. Develops and manages residential property, casinos and hotels.

Strategy: "Real estate is about location. We're all about the water, all waterfront. That's key to us."

Good timing: His family left Argentina in 1999 before the economy unraveled.

Miami's prospects: "Look at the geography. Look at the climate. If we could only figure out how to deal with the hurricanes, this would be paradise."

Key ventures: Turned the DiLido Hotel into the Ritz-Carlton South Beach. Owns the Hilton Curacao and Breezes Curacao Resort.

On the horizon: A partner in the Epic complex on the site of Miami's old Dupont Plaza, including a hotel, condos and shops. Other plans include turning the Seville Hotel into the Ritz-Carlton Club and Residences South Beach, a complex with hotel and fractional-owned and wholly owned condo units in partnership with Fortune International.

Decision-making: Close ties to his father, who is Lionstone's chairman, makes for fast decisions and easy communication. "Sometimes it takes two words with my father, and we understand."

Challenges: Construction costs have grown by leaps and bounds. A limited supply of contractors and high commodity costs.

Tags: Miami-Dade

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Fabien Cousteau
Fabien Cousteau

This summer, Fabien Cousteau lived for 31 days aboard the Aquarius, an underwater research laboratory nine miles off the coast of Florida.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

How much do you get into Halloween?

  • I'm into it - parties, decorating, theme parks, whatever I can fit in
  • I just participate for the kids
  • Boo - I keep the lights off to avoid trick-or-treaters

See Results

Ballot Box
Subscribe