Tag Archives: luxury condominiums

New Miami Real Estate Study: Where to Invest

The polling firm Bendixen & Amandi International and the Miami Herald conducted a survey in June of 2017 to evaluate the current state of the Miami Real Estate market. The survey was focused on the mid-range market, so luxury real estate agents’ perspectives were less of a focus–an interesting move, being that the luxury market is bustling in Miami.

The survey was based in the idea that the best investments in Miami real estate lie in appreciating property values. They found that the hottest neighborhood in Miami is Miami Beach. Specifically, Miami Beach is the best place to purchase an apartment, and the best neighborhood for young professionals.

If you are in the market for a single-family home, the research suggests that the best investment would be found in the Coral Gables area. Another notable mention is the Brickell area, which a survey respondent (a real estate agent or broker) said was “one of the hottest areas for millennials”.

Interestingly, the most undervalued neighborhood is Homestead, which is known for gated communities, new restaurants and shopping, as well as the Homestead Hospital. They believe the next emerging market, with a good ROI over the next five years, is Little Havana.

Overall, the survey revealed that 36% of respondents believe real estate values in Miami-Dade County will appreciate, and 73% believe that now is the time to own, rather than rent.

Ugo Colombo has helped shape the Miami real estate market as a commercial and residential developer. Starting out in the Brickell community, Ugo also had a huge stake in redefining the market in South beach by rejuvenating the Waldorf and Casa Grande.
To read more about this study, visit The Miami Herald.

Ugo Colombo speaks at the ULI Southeast Florida/Caribbean Miami Condo and Community Development Symposium

In November 2016, Ugo Colombo and other industry veterans took part in a 3-panel event at the Urban Land Institute’s Southeast Florida/Caribbean Miami Condo and Community Development Symposium, held at the Brickell City Centre. Ugo Colombo has been credited with igniting the Brickell area’s condo boom.

According to the ULI, “Most agree that Miami offers a lot of advantages to both developers and buyers alike. A favorable tax climate, a surplus of underdeveloped land and a sexy, high-end image as a global city attracts plenty of luxury consumers to its shores.”

With new condos coming to market soon, it’s important for developers to differentiate their properties from others. Brickell Flatiron, the new development from Ugo Colombo and CMC Group, was designed by Luis Revuelta to be a tower of soaring glass, enhancing the skyline with persuasive curves, while the interior offers a renaissance revival that contrasts the powerful structure.

Inside this sleek high-rise, Italian interior architect Massimo Iosa Ghini combines sleek glass walls and curved lines to create a sense of movement – welcoming residents upon arrival with warmth, light, and precious stone. Exquisite design paired with fine art creates a masterpiece gallery for residents to enjoy.

Learn more about Brickell Flatiron and all of the features and amenities at http://brickellflatiron.com/

Read more about the Miami real estate market at http://urbanland.uli.org/development-business/access-public-spaces-waterfront-locations-driving-healthy-luxury-condo-market-south-florida/

Miami Real Estate Gaining Momentum

Despite real estate prices falling in many parts of the country, the Greater Miami real estate market in August posted gains in both volume and median prices for single-family homes. The Miami Downtown Development Authority reports that the area is experiencing growth, and the population should surpass 100,000 by 2021. [1]

Ocean Drive Magazine reports on some of the reasons that the Miami real estate market continues to thrive, including speaking with Ugo Colombo.

One of the reasons is that international buyers are interested. Miami is more accessible by air, and strengthening currencies in some countries gives international buyers more purchasing power. Ugo Colombo told Ocean Drive that he’s seeing buyers from Latin America, Europe, Turkey and even Kazakhstan.

Of course, the best thing about the Miami real estate market is that it’s in Miami. Between the weather, beaches, and the lifestyle, Miami is a great place to live.

[1] http://www.miamidda.com/business_research_current.asp

Ugo Colombo’s Brickell Flatiron Retail/Restaurant Space Under Contract

Part of Ugo Colombo‘s under-construction Brickell Flatiron building located at 1001 South Miami Avenue in Miami includes 24,800 square feet of retail and/or restaurant space on the ground floor. The rest of the building will house 549 condo units, and construction is expected to be completed by 2019.

The retail/restaurant space is now under contract for $22.5 million by Elysee Investments, a firm which owns and manages a portfolio of commercial properties in both
New York and South Florida. The space includes high ceilings and will be attractive to some of the best restaurants in the world.

The Brickell area is seeing an infusion of new shops and restaurants, between the Brickell Flatiron space, Brickell City Centre, and other properties. Ocean Drive magazine says that “Brickell is now, unequivocally, the center of Miami. It is the heart of the city’s financial, residential, and soon, commercial, universe.”

Construction Set To Begin on Brickell Flatiron

The CMC Group is in the final stages of preparation to begin construction on their long-anticipated Brickell Flatiron building in downtown Miami.

The developer filed a 25-page Declaration of Condominium for the project in November, with maintenance fees coming in at just above 70-cents per square foot. A permit to remove and relocate old growth trees has been approved by the city, and the popular bar and eatery Baru Urbano served its’ last patrons earlier this year. A parking lot that still functions on the Flatirons land will close at the end of the week, and demolition and construction will begin soon after.

The CMC Group bought the land in October of 2013 for $21 million, and the project’s completion date is currently expected to be 2017.

The Brickell Flatiron: Miami’s New Star

Contracts for a 64-story luxury condominium tower in downtown Miami have started to come together, as a joint venture between CMC Group and Capital Group. This sleek looking glass tower will be called the Brickell Flatiron, and will be a modern adaptation of the New York City skyscraper, the Flatiron building.

This 548-unit development will be the tallest residential property in downtown Miami when finished, and it will offer expansive one- through five-bedroom homes, as well as a limited collection of penthouse and duplexes. Designed by architect Luis Revuelta, each unit will feature CMC Group’s trademark premium custom Italian finishes, professional grade German appliances, as well as a balcony offering the most panoramic and breathtaking views Miami has to offer. A new sales space, which doubles as a public art gallery, is currently featuring the work of legendary artist Julian Schnabel. CMC Group founder Ugo Colombo says “Our goal with each of our developments is to not just build a building; it is to create a significant cultural landmark which engages the community and enhances the neighborhood.”

The Brickell Flatiron will offer luxury living, as well as a private-resident’s movie theater, a state-of-the-art business center, conference room, event space, child’s play area and game room. It will also offer an 18^th-floor pool designed for swimming laps, 24-hour valet and concierge service for all residents, and a covered garage for self-parking. The building will include 40,000-sq ft of retail space, featuring restaurants, shopping, and a modern lobby, all designed by renowned artist, Julian Schnabel.