The Key to Success in Real Estate Development

Some may think that the key to success in the real estate development industry is to take on as many projects as possible and hope for the best. However, expertise, attention to detail and planning are the true key elements to being successful.

Plan, Plan, Plan

CMC Group Founder, Ugo Colombo, was recently named a Power Leader in Real Estate by the South Florida Business Journal. He is an alumnus of the University of Miami with a degree in business administration. When asked what his key to a successful career is, his answer was simple. He only takes on one or two projects at a time and pays extreme attention to detail to each one.

He added that planning in the beginning stages of a project is crucial to the project’s success. It’s very similar to racing, if you aren’t prepared for the turn seconds before, there may be big consequences to pay. The same goes for real estate, if enough planning isn’t done before the project breaks ground, the price will be paid during or at the end of the project.

International Luxury Living in Miami

Forty years ago, Miami had a totally different look and feel than it does today. When you look at Miami now, you will see a beautifully diverse city with unique buildings and people. This diversity can be explained by the great value that Miami real estate offers on a global scale. Locals find the pricing of Miami real estate to be incredibly expensive, but foreigners see low prices for luxurious living.

Global Influence

Ugo Colombo brought his Italian architecture and design to his luxurious buildings in Miami. However, Italy is not the only country that will be seen and felt in Miami’s culture. We may see a number of unique architectural designs that are influenced by a number of different cultures as more foreigners dive into the inexpensive Miami real estate market. Although Miami real estate may seem expensive to locals, according to the Worldwide Cost of Living Report by the Economist, Miami is ranked at number 71 in the list of most expensive cities. Singapore, Paris, and Hong Kong were all tied for first place. These numbers indicate that inexpensive luxury living in Miami will bring in more foreigners who are eager to get into this market while the prices are so low. With more and more foreigners entering the city, Miami will become an even bigger melting pot and will see cultural benefits from all the new and unique backgrounds.

Sources:

https://www.miamiherald.com/news/business/real-estate-news/article230496564.html

https://www.eiu.com/topic/worldwide-cost-of-living

CMC Group’s Ugo Colombo and Architect Luis Revuelta

Since this dynamic partnership began in 1988, Ugo Colombo and Luis Revuelta have been unstoppable in the world of Miami real estate. Their first buildings, the Bristol Tower and the Santa Maria, were completed in the early 1990s. Since then, they have helped shape Miami’s skyline and continue on their journey today with their latest project coming to completion this summer. They focus on the influence of Italian culture in their buildings, but that does not mean all of their projects are alike. They adapt to the demands of the market at the time, and are always inspired by the ability to create a functional space that the inhabitants love to live in.

Design with Luxury in Mind

Ugo Colombo starts from the inside when planning a building. His main goal is to create a space that is enjoyable. His attention to detail and hands-on management produce a space that ensures functionality. Luis Revuelta likes to see movement in the design to create a “kinetic feel.” Unlike the stable, concrete structure on the exterior, his interior design creates flow and motion from one space to the next. With both of these masterminds working together, Miami has become a beautiful destination that locals and tourists love spending time in.

Italian-Influenced Architecture is Introduced to Miami

Downtown Miami is known for being fun, vibrant, and full of life. However, nearly 30 years ago, downtown Miami was not the youthful and luxurious place we now know and love. It all started with a vision by real estate developer Ugo Colombo to invest in this “blank canvas” when he began the process of creating an entirely new environment. Today, we see more than 150 skyscrapers in downtown Miami and the city’s growth continues.

The Brickell Flatiron

Ugo Colombo and designer Luis Revuelta plan to have the new Brickell Flatiron building completed this summer.Great time and effort have been put into every detail of this luxurious building and they are not about to rush perfection. It is located at the heart of the city so that those who live in the building can step out their door and right into the action of the city. It will have first-class amenities, beautiful imported finishes, and functional living areas.

Beautiful Imported Finishes

Ugo Colombo personally hand-picked all the finishes in the Brickell Flatiron. These finishes include Italian marble, Venetian stucco, and the highest quality glass that exists on the market. When you walk into the Brickell Flatiron, you will feel the luxury and elegance of Italy without leaving Miami.

The Scoop on Miami Real Estate

The Miami-Dade County real estate market continues to grow at a rapid pace. Billions of dollars are being put towards the development of residential communities and commercial buildings that are outline the Miami skyline. In fact, Miami-Dade County is considered one of the hottest markets in the country right now and the demand for quality developers is high.

Exciting Real Estate Projects

Real estate projects are coming to completion and new developers are breaking ground every day. Urban planning has been a driving force in many of Miami’s latest buildings. Sitting high on the list is the push towards the improvement of public transportation to help reduce the amount of congestion caused by vehicles. Exciting projects include the Miami River Walk, Pier 19 Residences & Marina, and the Underline.

CMC Group’s Contribution

A significant contribution to Miami comes from developer Ugo Colombo’s premier luxury real estate company, CMC Group. Their latest project, Brickell Flatiron, stands to be one of the tallest luxury condominium towers south of the Big Apple and is projected to be completed this summer. Giving residents of Miami-Dade County the option to walk out of their condo to shops, restaurants, parks and even work without stepping inside their car is a goal that fuels Colombo’s projects, along with luxury living.

Miami has become a cultural hub and has what it takes to attract both domestic and foreign buyers. The lifestyle in Miami is often compared to that of New York City, but anyone who lives there can attest to its unique environment and lifestyle. If one thing is for sure, the future of Miami-Dade County is promising for both developers and residents.

The Future is Now in Miami Real Estate

Miami is one of the best cities to live, work and play in. The city offers promising tax advantages, a lifestyle like no other, beautiful weather, beaches and so much more. For developers, the market is promising. Location is key to a successful project and Miami offers just that.

Miami Real Estate

The younger generations are influencing the urbanization of cities like Miami, L.A., and New York. Living downtown is perfect for millennials who do not have vehicles and prefer using rideshare apps or walking to their destination. For those moving to Miami, they get the best of both worlds between the Miami lifestyle and the convenience of living in a city. Residencies are filling up in downtown projects quicker than they can build new ones.

Ugo on Luxury Living

According to Ugo Colombo, luxury is subjective and doesn’t necessarily have to translate to expensive. Luxury should bring comfort to a person and that can mean many different things in terms of style and design. His dream home is located in Miami, his favorite part about it is the view. It’s the original Carl Fisher estate and when making it his own, he kept it simple. He worked with an Italian architect to preserve the colonial style, but also modernize it.

Ugo Colombo is the developer behind Miami’s latest luxury condominium project, Brickell Flatiron. The 64-story luxury condominium tower is one of the tallest south of the Big Apple.

Ugo Colombo’s Brickell Flatiron Nearing Completion

Ugo Colombo, President of CMC Group, is nearing completion of his latest development project, the Brickell Flatiron. This project broke ground in early 2017 and is on time to be completed by this summer. Once finished, Brickell Flatiron will stand 736 feet tall or 64 stories high and will feature 549 luxury living units. Residents of Brickell Flatiron will have a 360-degree view of Biscayne Bay and Downtown Miami at the rooftop level.

Brickell Flatiron will break records as the second tallest condominium building that is located south of New York City. Colombo’s inspiration behind this project was to bring the Manhattan lifestyle to Miami. Residents will be able to walk to shops, restaurants and public transit, so everything you would need is just within reach. The location of the building could not be more perfect at 1001 South Miami Avenue, just blocks away from the bustling Brickell Avenue.

Colombo’s exquisite eye for detail and luxury are obvious in every aspect of design, including, the cabinets, faucets and fixtures which were hand-picked and imported from Italy. Exclusivity and luxury were of utmost importance when the design of Brickell Flatiron was in the works to ensure a memorable experience for all residents that will stand the test of time.

Learn more about Italian-born real estate developer Ugo Colombo, President of CMC Group.

The 2019 Alfa Romeo Giulia Is Pure Pleasure

Exquisitely representing the Italian heritage of racing and craftsmanship is the 2019 Alfa Romeo Giulia. Not only does it take driving to a whole new level, but it is clear the luxury sports sedan was designed with the driver in mind. Together the power, handling, and efficiency of the Giulia delivers an unrecognizable driving experience, one only dreamt about.

Performance Numbers

Now that we have talked the talk about the Giulia, let’s check out the numbers. The all aluminum 2.0 L turbocharged 4-cylinder engine houses 280 horsepower and 306 pound-feet of torque. On the road, the luxury sport sedan hits a top speed of 149 mph and goes from 0 to 60 mph in 5.1 seconds.

The Driver First Design

With a near perfect 50/50 weight distribution thanks to the carbon fiber driveshaft, no handling or performance is sacrificed, providing the perfect driving experience time and time again. Blind spot monitoring, Alfa DNA drive mode selector, aluminum paddle shifters and so much more all add up to a driving experience like no other.

You can come see the 2019 Alfa Romeo Giulia for yourself at Ugo Colombo’s THE COLLECTION.

Power Through with the 2019 Audi RS 5

If you are looking for a luxury sports sedan with power you can feel, look no further. The 2019 Audi RS 5 is powerful, athletic, luxurious and detail-oriented all in one.

Performance

The Audi RS 5 is built with a 2.9 L six-cylinder engine that produces 444 horsepower and 443 pound-foot of torque. The top speed is 155 mph and in just 3.8 seconds, you can go from 0 to 60 mph. Last but not least, is the eight-speed Tiptronic automatic transmission and quattro all-wheel drive.

Details in The Design

One of the most impressive features of the Audi RS 5 is the virtual cockpit. It is a 12.3 inch fully digital display that allows you to customize information like audio settings, navigation, the speedometer and even Google Earth imagery.

The design of the exterior represents a wide, athletic stance thanks to the flared fenders, wraparound hood and power dome and honeycomb air intakes. Inside, you will also find a three-spoke multifunction flat bottom sport steering wheel and the Alcantara S sport seats that feature diamond stitching and RS embossing.

Test drive the 2019 Audi RS 5 at Ugo Colombo’s THE COLLECTION, Miami’s luxury auto dealership.

There Is A Reason This Ferrari Is Named Superfast

The 2018 Ferrari 812 Superfast is incredibly fast, living up to its name. Jumping right into the performance specs, this Ferrari is built with a 6.5L V12 engine that produces 789 horsepower and 530 lb-ft of torque. With this amount of power, the 812 Superfast goes from 0 to 60 mph in just 2.8 seconds and has a top speed of 211 mph! There are very few vehicles available on the market that are capable of going that fast in under 3 seconds.

The aerodynamic design of the Ferrari 812 Superfast only adds to the speed, allowing it to zoom forward. The incredible power is a feeling you have probably never felt, and the best part is, even when you’re cruising 20 minutes into a drive, you can hit the accelerator and feel the same power as you did from a dead stop.

Test drive the 2018 Ferrari 812 Superfast at Ugo Colombo’s luxury car dealership in Miami, THE COLLECTION.