Source: South Florida Business Journal
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 a recent New York Post article, titled “5 real estate tastemakers ruling the East Coast,” Ugo Colombo is mentioned by Valerio Morabito, one of these “tastemakers,” as part of his dream team.
Mr. Morabito explains that his dream team is a group of investors that he immediately calls when he sees a great opportunity. The most recent project that Ugo Colombo and Mr. Morabito have collaborated on is Miami’s Beach House 8. The concept of Beach House 8 is eight houses that have been stacked on top of each other. Each residence is essentially one floor (except the penthouse, which is two floors) with four bedrooms and four bathrooms. Some of the other features for each residence include marble counter tops (kitchen and bathrooms), floor-to-ceiling windows, and they are pre-wired for telephones, cable TV, satellite video and high-speed internet. Another interesting feature is that each residence is equipped with a home automation system that gives the owner the ability to control audio (speakers in every room), video, HVAC and lighting for their residence. The building itself has fantastic amenities such as underground parking, concierge services, a fitness center, a 75′ pool with jacuzzi and a pool-side cabana for each residence.
Some of Ugo Colombo’s other recent work includes the EPIC Residences and Hotel and the Grovenor House. EPIC is a 54-floor luxury condominium and hotel that contains 342 luxury condominium units and a 411-room hotel. EPIC is located where the Biscayne Bay meets the Miami River in downtown Miami. The Grovenor House is 32-floor luxury condominium building with 166 units located in Miami’s Coconut Grove community.
For the full NY Post article: