Tag Archives: CMC Group

Ugo Colombo Purchases Coconut Grove Office Condo Building

Source: The Real Deal

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.

Ugo Colombo Discusses Brickell Flatiron: A Piece of New York in Miami

Source: Ocean Drive

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.”

Learn more about Ugo Colombo and Brickell Flatiron in this Ocean Drive article

Ugo Colombo: The Man Who Helped to Build South Florida

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: Lifestyle and Community Developer

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 and His Vision for Brickell Flatiron (VIDEO)

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.

Ugo Colombo, Julian Schnabel, and Miami’s Brickell Flatiron Park

Miami’s Brickell Flatiron Park has become the new focus for New York Artist Julian Schnabel. Schnabel is working on an art installation for Brickell Flatiron Park that will serve as public art as well as a sales and design hub for CMC Group’s nearby luxury residential development, Brickell Flatiron.

“The Brickell Flatiron Sales Gallery functions as a livable work of art,” says CMC Group founder Ugo Colombo. “As a longtime collector of Julian’s work, I have always appreciated his commitment to applying his artistic vision and eye to whatever it is he does.”

The small building in the park will double as the Sales & Design Gallery for the forthcoming 64-story tower. The building’s exterior will feature Schnabel’s signature broken ceramic plates. The interior will feature an assortment of Schnabel’s original furniture and artwork. In addition to Schnabel’s contribution to the Sales & Design Gallery, he has been commissioned to design the public spaces and lobby of Brickell Flatiron.

“His art is so different from anything else out there and I believe the commonality of crafting something that stands apart from the masses is where our values in design align, particularly at Brickell Flatiron,” says Ugo Colombo.

See the video below of Schnabel working on Brickell Flatiron:

Miami’s Condo Market is Booming with Ugo Colombo

The condo market in Miami is flourishing, the projections for new condo units being built has skyrocketed with 1,825 units expected to be completed in 2015 compared to the 33 units completed in 2013. As with anything, this means that the prices are increasing. It is estimated that units currently under construction cost about $500 a square foot, but projects that haven’t started yet, are averaging $600-$650 a square foot. This is especially true for sites on the waterfront because the spaces are all filling up. Most of these projects are luxury condo towers rather than office spaces or lower cost condos.

An important piece of this rise in the condo market is real estate developer Ugo Colombo. Most recently, Ugo Colombo is in the process of proposing the building of a second Brickell tower on Brickell Ave, very close to another one of his projects, the Brickell Flatiron. This second Brickell tower is expected to be extremely luxurious as with all the other buildings Mr. Colombo has undertaken. The Brickell Flatiron will have over 500 condo units at 700 feet tall. Some other projects that Mr. Colombo has developed are the Grovenor House in the Coconut Grove community in Miami as well as Bristol Tower and the Santa Maria on Brickell Avenue. It will be interesting to see what comes of the second Brickell tower. Shown above is a rendering of the Brickell Flatiron rooftop.

Ugo Colombo and Miami’s Skyscrapers

Miami’s skyline continues to increase in size, but none are able to claim the title of Miami’s tallest from the Four Seasons Tower at 789 feet. According to Miami’s Council of Tall Buildings, the city needs a very tall building, which they defined as over 984 feet. There are a few proposed buildings that will beat the Four Seasons and some that will reach 984, but none have been accepted yet. The Federal Aviation Administration has been shutting down proposals for safety concerns so this is a major obstacle for real estate developers. The Panorama Tower is currently under construction and is planned to reach 830 feet, while there are a couple of plans for buildings that will surpass 1,000 feet.

Ugo Colombo is behind one of the proposals for a 70 story luxury condo tower on Brickell Avenue. It will be the second Brickell Tower to complement the Brickell Flatiron tower (shown above among other buildings). It is possible that this tower will be taller than Mr. Colombo’s Brickell Flatiron tower, which will stand at 700 feet. Some of Ugo Colombo’s other projects are in the top 30 of Miami’s tallest buildings. This includes the EPIC tower completed in 2008, which stands at 500 feet. One of Ugo Colombo’s older buildings, the Santa Maria stands at 520 feet. It is likely that in the future, developers in Miami will attempt to make taller and taller skyscrapers, but locations are scare in the popular areas.

Ugo Colombo’s Beach House 8 Just Sold Out

Beach House 8 is a luxury condominium building that was developed by Ugo Colombo and Valerio Morabito in Miami Beach. The eight in the name is the number of condominium units the building has, including the penthouse. Prices for the units were between $6 and $8 million, with the penthouse for $14 million. As of June 2014, all of the units are sold including the penthouse, which was sold to a Brazilian business mogul and billionaire.

This building was created with luxury in mind for every detail from the structure, exterior design, interior design and amenities. Each unit includes Boffi Kitchens, marble countertop from Italy, efficient LED lighting, prewired for telephone, TV and internet. In addition, each unit has home automation systems that allow owners to control audio, video, HVAC, lighting and windows. The building features include two parking spots for each unit (3 for the penthouse), fitness center with technological equipment, private pool and jacuzzi. The penthouse includes 6,000 sq. ft. of outdoor living space over two floors. Moreover, it has a master guest suite as well as a private pool. It is amazing how quick Miami Beach properties are selling, but it is easy to see why when Beach House 8 is so luxurious.

The Brickell Flatiron

Plans are being developed for a luxury condominium tower in the Brickell neighborhood at 1001 S. Miami Avenue by Ugo Colombo and Russian billionaire Vladislav Doronin. The tower is named the Brickell Flatiron and was designed by Architect Luis Revuelta. It will stand at 710-feet tall or 64 stories. This will include 40,000 square feet of retail space and 549 residential units. Furthermore, the building will have floor-to-ceiling glass exteriors throughout and the condo units will have 11-foot deep elliptical balconies. The average condo unit size is 1,200 square feet with prices starting at about $400,000.

The Brickell Flatiron tower is planned to have two swimming pools (one on the roof), a spa, fitness center, 24 hour security and valet. In addition, the tower will have a business center with conference rooms, game room, movie theater, recreation rooms and more. The building will boast high-speed elevators with a ground floor featuring restaurants and retail boutiques. It is positioned less than a half a mile from the Brickell City Centre, which is a new luxury mall that is being constructed with an expected competition date of late 2015. The Brickell Flatiron tower is expected to break ground by the end of 2014.