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 62nd floor.
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.
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
Learn more about Italian-born real estate developer Ugo Colombo,
President of CMC Group.
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 “insists on quality, and it shows in every project that he takes on,” says an article from JuMiami Real Estate. “He chooses properties with only the very best views of the city and the ocean, and he also insists that his designers use only the highest quality materials.” It is this attention to quality that has given Ugo Colombo his reputation for achieving excellence!
One recent area of excellence is Ugo Colombo’s Brickell Flatiron. Brickell Flatiron, which broke ground in March of this year, is selling units and Ugo Colombo is pleased with this pace. He is certain all Brickell Flatiron units will be sold by the time it opens. It’s “a sign of a healthy market,” says Colombo and it is “his insistence on the best quality is what he believes will help him to sell all of his units at Brickell Flatiron….”
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.
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)
High-rise buildings began in Miami with the 1925 completion of the 255-foot Freedom Tower. From the mid-1990s through the late 2000s, Miami experienced the largest building boom in the city’s history. As a result, only two of the city’s 25 tallest buildings were completed before the year 2000, and Miami has one of largest skylines in the United States. The boom, of course, ended in 2008 when the real estate market crashed, but now a new wave of high-rise development is beginning to gain momentum.
Source: Forward Florida
Ugo Colombo’s Brickell Flatiron is a substantial part of this new growth. The 64-story glass skyscraper is now in its’ final planning stages with roughly 40 percent of units under contract. Construction is scheduled to start by year-end on the project, which is slated to have 548 condos with wide, curving terraces, and 35,000 square feet of ground-floor restaurant and retail space.
Ugo Colombo is intent on making more history in South Florida with his Brickell Flatiron and Miami is welcoming this new chapter in their history.
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.”
In a recent Miami Herald piece, Ugo Colombo explains why the designs of his projects are all about the details.
“The Italian-born developer oversees nearly every inch of his projects,” the article begins “from the intricate mosaics at the Collection, a luxury car dealership in Coral Gables, to the porthole-shaped windows that adorn Grovenor House, a 32-story condo tower with a nautical theme in Coconut Grove.”
Architect Luis Revuelta, who has worked with Ugo Colombo and CMC Group for 25 years says Ugo Colombo “…insisted on importing Venetian stucco, Italian kitchen fixtures and Azurelite glass,” for the famous Bristol Tower that was built in 1993.
Ugo Colombo is continue his hands-approach – and attention to detail – in his latest project, Brickell Flatiron. “’In order to really pay attention to what I’m doing, I need to work out a floor plan and personally look at what side each door swings and be happy with the column placement and how the whole building flows and functions,’” says Ugo.
Developer Alan Ojeda says Ugo Colombo “…invests so much time personally. We all pay attention to detail, but with Ugo it’s an exquisite attention to detail, a real passion.”
Downtown Miami’s hottest neighborhood celebrates a true architectural icon. Brickell Flatiron is an urban oasis developed by Ugo Colombo and designed by Luis Revuelta. The tower of soaring glass, defined by sweeping exposures, enhances the skyline with persuasive curves. Renaissance-revival interiors contrast the powerful structure proposing a romantic allure.
Now you can explore all the beauty of Brickell Flatiron on the official Brickell Flatiron website. The extensive website includes a photo and video gallery, floor plans, information about various Brickell Flatiron amenities, a price list, and much more.