Tag Archives: ugo colombo cmc group

And Then There Was One: The 62nd-floor Penthouse

The future looks bright for the Miami luxury real estate market despite the economic decline in the US due to the COVID-19 pandemic. The Brickell Flatiron, the latest project by luxury real estate developer Ugo Colombo, had $31.62 million in real estate sales since March. In fact, since the opening of this building, 98 percent of the units have been sold. However, there is one beauty that since remains unclaimed at the Brickell Flatiron and it can be found on the 62^nd floor.

Penthouse Details

The last remaining penthouse at the Brickell Flatiron is on the market for $9 million. This unit is a two-story, 4,663-square-foot beauty. It comes fully furnished with four bedrooms and five and a half bathrooms. The penthouse features terraces that extended from each exterior room and gorgeous, vast views of Biscayne Bay and downtown Miami. Created by Spanish architect Alexis Cogul Lleonart, this penthouse was beautifully designed to compliment the gorgeous views this unit offers. With vibrant color choices, contrasting materials, and fluid lines, this unique design is sure to capture the attention of all who enter.

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

Miami Luxury Real Estate Stays Hot During a Pandemic

COVID-19 has made many things uncertain, but one thing that remains clear is the increasing demand for luxury real estate in Miami. Even amidst a pandemic, the Brickell Flatiron (Ugo Colombo’s latest project), closed on a whopping $31.62 million in sales since March. As the US economy continues to drop, Miami’s luxury real estate continues to rise, and the Brickell Flatiron sales are proof of this fact.

Details on the Brickell Flatiron Sales

The Brickell Flatiron project first broke ground in early 2017 and finally opened late 2019. Since its opening the 64-story, 527-unit has sold 98 percent of its units which is equivalent to 516 units. In the last three months, four of the five penthouse units were sold and four more have gone under contract. The four units that have gone under contract since March have all gone to contract at asking price. The smallest unit of the four units under contract is a 900 square-foot one-bedroom, one-bathroom that went for $450,000. The largest is a 2,200 square-foot three-bedroom, three-and-a-half-bathroom condo that went for $1.88 million. There is one penthouse that remains available at the Brickell Flatiron and the asking price is $9 million. If the past three months are any indicator of what the future holds for Miami luxury real estate sales, that penthouse won’t be available for long!

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

Is Miami’s Real Estate Market Taking a Hit From the Pandemic?

During the COVID-19 outbreak, many industries have been affected and will continue to be affected during these trying times. Since we are living in a time of uncertainty, people are feeling less optimistic and are worried about what the future holds. At the beginning of this year, Miami’s housing market was doing very well, but could this state of fear due to the outbreak cause it all to drop?

Pre-Outbreak Market

Before the coronavirus outbreak, Miami and all of Florida were experiencing an increase in home and condo sales in relation to the previous year. According to the Florida Realtors Association, there was a 9.1 percent increase in single-family home sales in February, and a 10.9 percent increase in condo sales. The average sale price for a single-family home also rose 7.9 percent, with an average sale price of $361,839. The Super Bowl helped spark this market growth for Miami and the surrounding areas. People have been drawn to Florida due to the year-round sunshine, beaches, and many tourist attractions.

The Future of Miami’s Real Estate

For the first time, South Florida saw their population hit 6 million, with Miami Dade hitting 2.7 million residents. Due to the rise in population growth, there will still be a large demand for homes and condos. With many people unsure of what the future holds, Miami’s real estate market is still expected to be strong, especially as everything begins to reopen.

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

Real Estate in Miami: Recipe for Success

Real Estate is an instrumental part of the growth of the economy, especially in Miami. Ugo Colombo foresaw this evolving era when he began investing in Miami real estate in the 1990’s. Since the 1990’s, the population and real estate opportunities in Miami have exploded, and Ugo Colombo continues to take advantage of these opportunities today.

Why the Miami Real Estate Market Has Grown

According to an article written in Forbes, “the sunshine state continues to be a popular place to call home.” Since the housing market is booming, many people are purchasing their forever homes in Miami, Florida. The luxury of owning beachfront homes is driving more and more residents to the Sunshine state, specifically Miami. Since Florida does not have state income taxes and the economy is thriving, many people feel a direct, positive influence on their financial situation after moving there. This international hotspot is home to world-leading events, and to those who crave luxury, the beginning of their best life. The nightlife and gorgeous scenic beaches make for two convincing reasons to invest in real estate properties. In addition to the high-end living conditions in Miami, incredible architectural properties are also on the market for those interested in a historical living space. Miami is the epitome of elegance and extravagant living and that is why investing in properties is key for those looking to achieve a lavish life.

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

The Influx of Miami Residents

Many people compare living in Miami to a dream and they’re not wrong. Miami’s climate, entertainment opportunities, and atmosphere make it a gold mine for residents. Miami also offers no income, inheritance, or estate taxes. On top of these benefits, Miami has several other amenities that are very hard to turn down when looking to invest in real estate.

The Gold Mine of Real Estate

Ugo Colombo saw these instrumental strengths of Miami back in the early 1990’s when he began investing in real estate. According to All American Moves, “most people love Florida and would move to Miami without a second thought.” Often referred to as the “Magic City”, Miami is attractive to all demographics due to its contagious, lavish culture, spectacular beaches, and wide assortment of entertainment and it is arguably one of the best nightlife scenes in the United States. The glitz and the glamour are everything it is made out to be and that is why people hone in on this luxurious Miami lifestyle. In general, Miami is not just seen as a good investment opportunity, but it is seen as a location where people can live a good life, and this may be why there has been a rise in residents. What’s stopping you from sipping freshly squeezed orange juice in the Sunshine state? Your dream home could be waiting for you in Miami.

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

Ugo Colombo’s Miami Real Estate

Ugo Colombo has been busy advancing his real estate development efforts throughout Miami. Recently, Ugo Colombo’s CMC Group, along with Valerio Morabito, bought the Bay Harbor Continental site. Though a decision has not been announced on what development to this coastal site will entail, it was previously approved for a seven-story upscale condominium tower by its former owner. Prior to this project, Ugo Colombo and Valerio Morabito worked to develop a building known as Beach House 8 in Mid-Beach. This condominium tower stands ten floors tall and was completed in 2014.

An exciting update on one of the CMC Group’s other projects is at the Miami’s Brickell Flatiron Residential Tower. The grandeur of this building is stunning, with 64 floors of elegance that will be one of the United States’ tallest residential towers. The collection of penthouses on floors 50 through 64 will provide residents a top-tier experience, from exquisite furniture, to lofty ceilings and unreal views–and there are still units available.

In addition to spectacular real estate development, Ugo Colombo owns The Collection, Miami’s premier luxury car dealership. It was recently announced that The Collection would be expanding their product offerings to include Land Rover, located nearby the original location in a deal negotiated by Ugo Colombo and the CMC Group. Ugo Colombo remains a prominent figure in Miami through his impact on the Miami skyline over the years. With no end in sight, residents of Miami and Coral Gables look forward to seeing more of the luxurious side Ugo Colombo has been able to bring out of Miami.

Why Change a Maserati?

The Maserati GranTurismo hasn’t changed significantly over the past ten years, but with such a beautiful design concept, it’s no wonder there hasn’t been much to change. The 2018 GranTurismo Sport is an energizing car, even with an aggressive feel. The iconic oval radiator grille helps cool the front breaks, but also looks distinguished. This car’s design is all about maximizing airflow management, the side skirts give it an iconic profile while also whisking airflow toward the rear wheels.

This machine was released with a Blu Sofisticato finish, a color unique to this particular car. Aside from the build of the exterior, this blue enhances its power. The 20-inch rims are also available in a custom anodized matte blue, called Blu Opaco Anodizzato.

Another small change Maserati made was around the interior, on the Trofeo design steering wheel. This wheel has a contoured rim to make it easier to grip when you approach top speeds of 187 mph. With a 0-60 speed of 4.7 seconds, it’ll be hard to resist speeding down stretches of highway.

The 4.7- liter V8 engine is smooth and formidable, finished with tappets and camshaft lobes that has significantly reduced friction. This engine roars at 454 horsepower at 7,000 rpm. Shift into Sport mode and actuate the valves in the exhaust system so the engine breathes easier to optimize power. With 384 lb-ft torque, power is delivered.

For more information about this new model, visit AutoWeek. To get your hands on a Maserati GranTurismo, and many other exclusive models, visit Ugo Colombo’s The Collection in Miami, Florida.

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’s Condo Market is Booming with Ugo Colombo

The condo market in Miami is flourishing, the projections for new condo units being built has skyrocketed with 1,825 units expected to be completed in 2015 compared to the 33 units completed in 2013. As with anything, this means that the prices are increasing. It is estimated that units currently under construction cost about $500 a square foot, but projects that haven’t started yet, are averaging $600-$650 a square foot. This is especially true for sites on the waterfront because the spaces are all filling up. Most of these projects are luxury condo towers rather than office spaces or lower cost condos.

An important piece of this rise in the condo market is real estate developer Ugo Colombo. Most recently, Ugo Colombo is in the process of proposing the building of a second Brickell tower on Brickell Ave, very close to another one of his projects, the Brickell Flatiron. This second Brickell tower is expected to be extremely luxurious as with all the other buildings Mr. Colombo has undertaken. The Brickell Flatiron will have over 500 condo units at 700 feet tall. Some other projects that Mr. Colombo has developed are the Grovenor House in the Coconut Grove community in Miami as well as Bristol Tower and the Santa Maria on Brickell Avenue. It will be interesting to see what comes of the second Brickell tower. Shown above is a rendering of the Brickell Flatiron rooftop.

Ugo Colombo and Miami’s Skyscrapers

Miami’s skyline continues to increase in size, but none are able to claim the title of Miami’s tallest from the Four Seasons Tower at 789 feet. According to Miami’s Council of Tall Buildings, the city needs a very tall building, which they defined as over 984 feet. There are a few proposed buildings that will beat the Four Seasons and some that will reach 984, but none have been accepted yet. The Federal Aviation Administration has been shutting down proposals for safety concerns so this is a major obstacle for real estate developers. The Panorama Tower is currently under construction and is planned to reach 830 feet, while there are a couple of plans for buildings that will surpass 1,000 feet.

Ugo Colombo is behind one of the proposals for a 70 story luxury condo tower on Brickell Avenue. It will be the second Brickell Tower to complement the Brickell Flatiron tower (shown above among other buildings). It is possible that this tower will be taller than Mr. Colombo’s Brickell Flatiron tower, which will stand at 700 feet. Some of Ugo Colombo’s other projects are in the top 30 of Miami’s tallest buildings. This includes the EPIC tower completed in 2008, which stands at 500 feet. One of Ugo Colombo’s older buildings, the Santa Maria stands at 520 feet. It is likely that in the future, developers in Miami will attempt to make taller and taller skyscrapers, but locations are scare in the popular areas.