Tag Archives: Ugo Columbo

How COVID-19 Will Shape the Real Estate Development of the Future

Life as we know it will change in many ways due to the COVID-19 pandemic, but one change that many people are not focused on is how this will affect the future of real estate development. In the matter of months, the wants and needs of real estate buyers have taken a sudden shift. What once seemed important and practical to buyers has now changed to adapt to our new normal.

What Will the Future of Real Estate Development Hold?

According to Forbes, the real estate development buzzwords are quickly morphing into new words like “privacy, virtual, distanced, and mine.” There has been a universal agreement amongst real estate developers that health and wellness will now be at the top of buyers’ wish lists. This may include things like air purification, aromatherapy, cleaning protocols, etc. as a necessity for all buyers instead of those only with compromised immune systems or other special needs.

However, there are others who believe that it may been unwise to overcorrect and completely re-evaluate the real estate market for needs that may only last three to twelve months. It is wise to focus on the trends that are certain and not just those resulting from the coronavirus. If a vaccine is found, the real estate development world could move in an entirely different direction. Ultimately, it is important to always stay up to date on the latest trends in the real estate world and adapt accordingly, but maybe not too quickly.

Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.

The 2020 Aston Martin Vantage: The Archetypal Hunter

Making a big statement on the road in 2020 is the Aston Martin Vantage. With a look that is unique and customizable, it is sure to turn heads wherever you take it. The design, engineering and performance allow you to take this car from the track, to country roads, or the busy city.

Design

Each piece of the 2020 Vantage has been tailored to give the car an athletic aesthetic, but at the same time also giving it an aggressive appearance to make others on the road stop and admire. Inside the car, the seats sit lower for a more thrilling experience while you drive.

Engineering

To create a car that handles many kinds of roads, Aston Martin incorporated an aluminum chassis in the body of the Vantage. Under the hood is a twin-turbo 4.0-liter V-8 that gives you 503 horsepower right out of the gate. The Vantage is sure to get you from point A to point B – quickly and in style.

Ultra-Compact Hood

The convertible roof of the Vantage is powered by a Z-fold mechanism and can be lowered at 6.7 seconds or raised at 6.8 seconds at speeds up to 31 mph. This is almost twice as fast as the models that came before!

Ugo Colombo’s THE COLLECTION has many Aston Martin vehicles to choose from, visit THE COLLECTION dealership to view their selection today.

Is Miami’s Real Estate Market Taking a Hit From the Pandemic?

During the COVID-19 outbreak, many industries have been affected and will continue to be affected during these trying times. Since we are living in a time of uncertainty, people are feeling less optimistic and are worried about what the future holds. At the beginning of this year, Miami’s housing market was doing very well, but could this state of fear due to the outbreak cause it all to drop?

Pre-Outbreak Market

Before the coronavirus outbreak, Miami and all of Florida were experiencing an increase in home and condo sales in relation to the previous year. According to the Florida Realtors Association, there was a 9.1 percent increase in single-family home sales in February, and a 10.9 percent increase in condo sales. The average sale price for a single-family home also rose 7.9 percent, with an average sale price of $361,839. The Super Bowl helped spark this market growth for Miami and the surrounding areas. People have been drawn to Florida due to the year-round sunshine, beaches, and many tourist attractions.

The Future of Miami’s Real Estate

For the first time, South Florida saw their population hit 6 million, with Miami Dade hitting 2.7 million residents. Due to the rise in population growth, there will still be a large demand for homes and condos. With many people unsure of what the future holds, Miami’s real estate market is still expected to be strong, especially as everything begins to reopen.

Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.

The Collection Set to Expand for Jaguar and Land Rover

The Collection is preparing to develop an expansion on their Coral Gables luxury car dealership featuring multiple stories to store separate floor-level Jaguar and Land Rover shops. According to the Miami Herald, the expansion project represents a significant upgrade for The Collection, who has been working to acquire a Land Rover outlet for over fifteen years. The upgraded dealership will be 500,000 square feet, which is sizeable enough to hold 850 new cars, and will be complete with neo-Mediterranean architectural design to merge with the street’s surrounding design.

The upgraded Collection will feature a collaborative design with a showroom faced with dark stone and Mediterranean accents such as vaulted windows, pointed cornices, intricate detailing, and shutters on top floors. The Collection’s continued success can be linked to owner Ugo Colombo’s infatuation with architectural detail and his commitment to spend extravagantly to achieve the opulent look he desires.

The expansion project is a testament to The Collection managers’ decade-long dedication to landing the Land Rover franchise. Given the addition of a Land Rover store, The Collection can expand their portfolio and reach a greater market of individuals interested in SUVs. With the expansion project and the addition of Land Rover, The Collection plans on continuing to expand in order to adapt to the growing market of Miami drivers.

Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.

Abstract Art: The New Seller of Luxury Home Real Estate in Miami

Considering how much money one spends on a home, they may want to design it in a way that makes it stand out. Some might paint their front door a fun color or plant an exquisite garden that captures the attention of anyone who passes by, but there is a new, bold design element that people are starting to use in Miami, and that is abstract art. More and more people are starting to incorporate abstract pieces of art inside and outside of their Miami homes, and we are exploring why this is.

Why Miami?

Miami is home to one of the most distinguished art festivals, Art Basel, that brings in artists from all over the world. This art festival has a dramatic effect on the culture of the city, and it can be seen in the luxury real estate market. The showcased abstract art that is appearing outside of more and more luxury homes gives potential buyers even more reason to purchase real estate in the area. These fantastic pieces not only look amazing outside of the home, they also are a benefit to the real estate owner in that they add so much more value to it. When perspective buyers are touring the homes, they can even see art inside hanging on the walls to get a feel of how to showcase their own art in the home once purchased.

Ugo Colombo, CMC Group President knew of the importance of art in the Miami community when designing the Brickell Flatiron with Luis Revuelta. The curved lines of the interior and exterior of the building create movement that draws your eye across the space. The design choices made by Ugo and Luis have created a sense of warmth and welcoming to those who now reside there.

Art Shows

Another strategy that real estate companies have taken to with much success is holding art shows inside of the homes that are for sale. This turns out to be a much different spin on the traditional open house and it brings in people who may not even be looking for a home as perspective buyers. Having the art in the home makes the visit more memorable and allows them to experience the house on a more enhanced level. Miami is one of the biggest cities in the country for art, and where there is art, there are collectors who need a place to put their art.

Colombo Estate hosts the Best Buddies Art + Friendship Auction

On December 3rd, the Best Buddies Art + Friendship Auction was held at the home of Sara and Ugo Colombo.  Best Buddies International works to create employment and leadership opportunities for people with intellectual and developmental disabilities.

The event raised nearly $1 million, with the auction including works by artists such as David Altmejd, Carol Bove, Joe Bradley, and many more.  Guests included Leonardo DiCaprio, Val Kilmer, and Alina and Anthony Shriver.

Read more at Haute Living

Ugo Colombo Selected as Part of Team to Revamp Miami Convention Center

Ugo Colombo was recently selected to be one of two teams working to create a development plan and financial proposal for the Miami Convention Center. This project will be privately funded and voted on by the public of Miami to ultimately decide between the two proposals. According to the article, Ugo Colombo’s team will consist of “Portman-CMC, the developer who built the 14-block Peachtree Center in Atlanta, and its partners, Miami condo developer Ugo Colombo, Cirque du Soleil and the Bal Harbour Shops.” The proposals are scheduled to be completed in June and will then be voted on.

To read more about Ugo Colombo’s part in the Miami Convention Center renovations, check out the Miami Herald.

Portman – CMC Group Made the Short List for Miami Convention Center Renovations

The Portman – CMC group, headed by Ugo Colombo and Portman Holdings, have made the short list for the Miami Convention Center renovations. The Portman – CMC Group will be in the running with South Beach ACE to create the top renovation proposal.

For more information on Ugo Colombo and the Miami Convention Center renovations, visit BizJournals

Miami Beach Commission Voted on Shortlist for Convention Center

The Miami Herald published an article discussing the potential groups of architects, investors, and developers who are bidding to take charge of the renovations for the Miami Convention Center. Portman – CMC Group, headed by Ugo Colombo and Portman Holdings were one of two groups chosen to compete for the final building proposal. According to the article, these two groups will develop their plans over the next 6 months, including public input, to craft the financial and developmental plans for the renovation.

To read more about Ugo Colombo & Portman Holdings plans for the renovation, read the full article at The Miami Herald.