Paper tycoon Bob Grossman and his wife Lynne purchased unit The Bristol, a 25-story, 69-unit luxury tower at 1100 South Flagler Drive for $12.2 million.
According to Gwinnett Daily Post, brothers Bob and Steven Grossman sold their containerboard and packaging company, Southern Container Corp., in 2008 for $851 million.
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The couple own a number of superyachts.
According to The Real Deal Miami, Flagler Investors, led by Al Adelson and Gene Golub, developed The Bristol.
