Category Archives: Real Estate

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 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.

Miami Skyline at dusk

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.

Read more at https://oceandrive.com/why-miami-real-estate-continues-to-thrive

[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.”

Ugo Colombo’s Brickell Flatiron RetailRestaurant Space Under Contract

Read more at http://therealdeal.com/miami/2016/08/16/ugo-colombos-brickell-flatiron-retailrestaurant-space-under-contract-for-22-5m/