The 10-story Beach House 8 contains sophisticated, luxury Miami beach-front condos designed by the Miami-based Arquitectonica. They feature 5000 square feet of living area expansive terraces located in the heart of Miami, and the building includes a fitness center, pool and 24-hour concierge.
Ocean Grande Properties, a joint venture between Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties recently sold the fourth- and fifth-floor units to a single buyer, Beach House 500 LLC.
BH4 is the larger of the two units. It has 1,049 square feet of exterior space and 3,783 square feet of interior space. BH5 has the same interior layout of BH4, but has a slightly smaller terrace. Both units have four bathrooms and four bedrooms. That price tag for the units combined equates to about $1,735 per square foot.
The sale of BH4 and BH5 follows the $14 million deal by Mario Garnero for the penthouse. Garnero is chairman and principal shareholder of the financial firm, Brasilinvest Group. The penthouse has more than 6,000 square feet of outdoor living space and includes a private pool.
In the “Spring Home Edition” of Indulge, Ugo Colombo is named as one of the people who move Miami.
In this interview with Ugo Colombo he discusses his first paying job, his philosophy on building, his greatest accomplishment (Bristol Tower), his thoughts on trying new things, and he reveals something many people don’t know about him (he doesn’t consider himself an extrovert).
As a mover in Miami, Ugo Colombo also shares his views about the evolution of Miami saying:
“In Miami 30 years ago, there was nothing….But I saw the potential of the location. I always believed Miami would grow and become a major metropolis because of its proximity and appeal to Europe and Latin America. We just needed to build the infrastructure for people to come. Today, Miami is probably surpassing the quality of life in Los Angeles.”
Source: World RedEye – From left to right (Alejandro & Jorge Salazar, Patricia Alfonso, Christopher Suarez, Veronica Cervera, Carlos Gimenez, Ugo Colombo, Lyda Juliao, Karen Elmir, Jessica Juliao, Nelson Rios, & Nickel Goeseke)
Ugo Colombo’s latest endeavor, Brickell Flatiron, held its official groundbreaking ceremony this month.
Brickell Flatiron will be a 549-unit residential tower located in Miami’s Brickell Financial District. It will have 64 stories and will become one of the tallest residential buildings in the United States. Units will range from having 1-5 bedrooms and will the prices will range from $500,000 to over $14 million.
Ugo Colombo partnered with New York artist Julian Schnabel, architect Luis Revuelta, and master Italian designer Massimo Iosa Ghini to help make Brickell Flatiron a one-of-kind living environment.
Bisnow is always “intensely curious about commercial real estate” and they’ve recently spent time with Ugo Colombo to explore their shared curiosity about the next wave of architectural changes.
“For the last 25 years, Ugo Colombo has been known for introducing a sleek glass look and European flair to Miami condo buildings,” the Bisnow piece titled “Ugo’s Next Big Thing” begins. “Now he’s about to create another seismic wave.”
And what is the next wave? Consider Ugo Colombo’s latest project: Brickell Flatiron and all of its curves! Ugo Colombo is “…ready to break ground for the 64-story Brickell Flatiron, featuring accentuated curvilinear shapes, and floors with different forms and detail intersecting each other on alternating levels” the article notes. “[T]he way we see it, Miami is on the verge of transcending the Glass Age into the Wavy Age or…the Curvaceous Age.”
Brickell Flatiron architect, Luis Revuelta, discusses how the building is meant to have a “kinetic feel,” one that gives onlookers a sense of movement. “[O]n the eastern side facing the bay, Luis says it will look like the wind from the water is hitting the building, and on the side facing the city, lines will purposely be flatter and more linear.”
While the Curvaceous Age is soon upon us, Ugo Colombo reminds us that form should never completely trump function. “[I]t’s not so simple as designing it to look cool—it also has to be functional, and Ugo is known for the highest-quality interior finishes and design. A building is ‘lived from inside,’ he likes to say, and structures shouldn’t interfere.”
The Real Deal posted an article about the new renderings of Brickell Flatiron earlier this month. They discussed how this 64-story tower is being designed by Italian designer Massimo Iosa Ghini, along with architect Luis Revuelta.
“Ugo Colombo’s CMC Group is the developer behind the 549-unit project,” they report. “It’s more than 50 percent sold, according to a spokesperson. Units range from one bedroom to five, and start at $465,000. When completed, Flatiron will feature a rooftop sky spa and a lobby with amber, gray and marble stucco walls. Amenities include private steam, sauna and locker facilities, a 6,300-square-foot gym, glass elliptical balconies, Italian finishes and German appliances…”
Source: The Real Deal (Brickell Flatiron lobby, Credit: Andy Frame)
Ugo Colombo’s CMC Group has recently confirmed their purchase of an office condo building in Coconut Grove.
“CMC Group has a long track record of owning income generating properties, with The Collection luxury car dealership, 4000 Ponce de Leon Boulevard and 1550 Biscayne Boulevard being prime examples,” said Ugo Colombo, founder of CMC Group. “Our acquisition of 2950 Southwest 27th Avenue in Coconut Grove is the newest addition to our commercial portfolio. The property is 100 percent occupied with a roster of users including Revuelta Architecture and Douglas Elliman. We love the building’s central location, high quality tenant mix, and access to US-1 — and we have no plans to redevelop the site at this time.”
The building includes 40,000 square feet of rental space and 148 garage parking spaces. The former office condo owners will now lease back their space, CMC said. The building is located on the recently upgraded Southwest 27 Avenue, close to the central business district of Coconut Grove.
“In the end, we were fortunate to be dealing with knowledgeable buyers and sellers. This transaction will prove to be a good deal for both sides, and further support the value of owning in Coconut Grove,” says Otto Travieso of Real Capital Partners who helped to negotiate the sale.
Ocean Drive recently sat down with Ugo Colombo to discuss his latest project, the 64-story Brickell Flatiron that will soar 700 feet, have a rooftop pool, spa, and fitness center, include artwork by Julian Schnabel, and will have an unobstructed 360-degree views over glistening Biscayne Bay and downtown Miami.
Marcelle Sussman Fischler begins by discussing Ugo Colombo’s CMC Group and his history of successes in Miami including Epic Residences & Hotel; the Bristol Tower on Brickell Avenue; the posh Santa Maria; Aventura’s chic Porto Vita; and The Collection, his seven-brand luxury automobile dealership.
Fischler asks Ugo Colombo about his ethos when conceptualizing a development, the influence of the Miami culture on design, and his thoughts on the supposed real estate bubble. Fischler also specifically asks Colombo about his passion for Brickell Flatiron.
“I always thought what you see happening now [in Brickell] would eventually happen,” begins Colombo. “This is a little piece of New York inside Miami. You are in an area where you are walking distance to go to work, you have access to tons of restaurants, you have access now to department stores and a bit of retail within a few blocks. You have the best restaurants, all moving to this area. You have access to the Metrorail, and you have access to the offices in the Financial District.”
Ugo Colombo was recently featured in an Executive South Florida Magazine article exploring the visionaries who built South Florida.
The piece explores Ugo Colombo’s history in Miami which began when he graduated from the University of Miami in 1987 with a MBA. Ugo Colombo also showed his talent for deal-making in the early 1980s by purchasing the Imperial condominium. “The Imperial’s original developer failed to survive, so [Ugo Colombo] ‘purchased about a third of the units there with FDIC financing, and [he] basically resold them…’” He then acquired Villa Regina with Trammel Crow Company and made extensive renovations.
After graduation Ugo Colombo formed his diversified real estate company, CMG Group, with two partners and he said they first acted as a “condominium and apartment management company.” By the early 1990s, however, Ugo Colombo turned towards development and he planned the 41-story Bristol Tower, “the first high-rise condominium built on Brickell Avenue after the early 1980s….” Boosted by the success of Bristol Tower, Ugo Colombo built the 51-story Santa Maria on Brickell in 1997 and today his focus is on the much anticipated Brickell Flatiron.
Ugo Colombo was recently explored in an article from Brickell Magazine. “In addition to conceptualizing, designing and overseeing the execution of quality buildings that people enjoy living in,” the Brickell piece states, “Ugo Colombo sees his role as a ‘lifestyle and community developer’ like none other.”
This Ugo Colombo goes on to explore Colombo’s early experiences including his first solo development, the 147-unit Bristol Tower in 1992. “I learned so much with that project,” says Ugo Colombo. “The fact that is looks just as modern today as it did over 20 years ago is a great feeling of accomplishment.
The piece goes on to explore Colombo’s most recent project, Brickell Flatiron, a project that continues his practice of enhancing community by incorporating elements of culture into his properties. “Whether it be through art or a restaurant like Zuma, I like to make sure a property is left with something unique and special that everyone can enjoy and appreciate,” says Ugo Colombo.
Ugo Colombo delivers luxury, condominium high-rises that are nothing short of spectacular and his reputation definitely supersedes him. Ugo Colombo has overseen developments such as Santa Maria, Bristol Tower, Grovenor House, and Epic.
Ugo Colombo’s latest project is Brickell Flatiron. Brickell Flatiron was be centrally located in Brickell at 1001 South Miami Avenue. It will be a luxury, all-glass tower with 64 stories. It will offer spectacular amenities such as a spa, a fitness center, and rooftop pool.
Ugo Colombo discusses Brickell Flatiron in recently released promo video found below. View the video and hear about Ugo Colombo’s vision for his latest project and his goal to see the fusion of great architecture and art.