In the early 1990s, Ugo Colombo saw the investment opportunity in Miami real estate, and now it is starting to reach its full potential. According to Norada Real Estate Investment, Miami real estate appreciated 57.70% over the last ten years, which is an average annual home appreciation rate of 4.66%, putting Miami in the top 10% nationally for real estate appreciation. Despite the downward motion nationwide in the housing market, Miami real estate appreciation rates are strong and have continued to appreciate in value faster than most places. The real estate market in Miami is doing well and has seen a dramatic increase in office locations.
Offices are Taking Over
Office development in Miami has hit its highest level since 2009, which is partially caused by the relocation of tenants from high-tax states. According to The Real Deal, 1.9 million square feet of office space is expected to be completed in the next two years. As of 2011, only 500,000 square feet of office space was expected to be completed, as opposed to the nearly 2 million square feet that is now expected. On top of the relocation of tenants from high-tax states causing this change, it is thought that corporations wanting to expand their Latin American business could also be another reason for this shift.
If you are
thinking of investing in Miami real estate, especially in office space, it
seems as though the statistics and numbers are on your side. Miami continues to
become a “mini-Manhattan” and is seen as a good investment opportunity for the
One of the
first things you’ll notice after taking a quick glance at the 2019 Alfa Romeo
4C Spider is its distinctive Italian style. The Spider features a sleek,
aerodynamic design, giving it near perfect proportions for the ultimate driving
experience. It delivers style, performance and power all in one.
When put to the
test, the Spider’s 1750 turbocharged 4-cylinder engine goes from 0-60 mph in an
impressive 4.1 seconds. With 237 horsepower and 258 lb-ft of torque, hitting a
top speed of 160 mph is in its blood. Behind the wheel, you’ll experience razor
sharp handling and fast shifts. It’s truly a one-of-a-kind performance car,
guaranteed to give you a driving experience like no other.
A standard rear
back up camera, rear parking sensors and the Alfa DNA Pro Drive Mode Selector
are all technologies to take your driving experience to the next level. Carbon
fiber side vents and the option to put the top down make the Spider the perfect
looking for a sports car with ample amounts of space for luggage and seats
designed for maximum comfort, you may want to consider another car. The 2019
Alfa Romeo 4C Spider is engineered to perform and designed to complement its
true sports car performance.
2019 Alfa Romeo 4C Spider at Ugo Colombo’s THE COLLECTION.
2019 Porsche 718 Boxster keeps the same spirit as the previous Porsche 718 but
with added elements intended for the future of driving. What makes the 2019
Porsche 718 Boxster different from the rest? This vehicle has better power and
performance as well as a bolder exterior design. The Porsche 718 Boxster was
designed to blow your mind.
Power and Performance
If you thought
that there couldn’t possibly be more power added to this vehicle, you thought
wrong. The newly developed 300 horsepower, 4-cylinder turbocharged engine with
the same low and central center of gravity allows for an intense amount of
acceleration with all the control you need for an amazing driving experience.
design can be described in three ways: bold, sleek, and sporty. The fenders are
designed to be higher than the front lid to accentuate the new headlight
design. The doors contour in such a way that not only do they look sleek, they
also allow for proper aerodynamics to give you that powerful forward thrust. Lastly,
the exterior mirrors have a new v-shaped mirror base to emphasize the sporty
To see the 2019
Porsche 718 Boxster, visit Ugo Colombo’s
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.
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.
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
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.
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.
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
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
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
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.
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.
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
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.
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.
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.
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.