18 Jun

And Then There Was One: The 62nd-floor Penthouse

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.

Penthouse Details

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.

04 Jun

Miami Luxury Real Estate Stays Hot During a Pandemic

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 long!

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

04 Dec

The Brickell Flatiron is Officially Open

Ugo Colombo’s latest real estate project, the Brickell Flatiron, is officially completed. This building is a 64-story, 527-unit tower, and is a beautiful contributor to the downtown Miami skyline. This project broke ground in early 2017 and has since gone through exceptional progression to become the beautiful building you see today. Ugo’s passion for Miami real estate combined with Luis Revuelta’s eye for design has created a real estate masterpiece. The interior architect Massimo Iosa Ghini created a seamless transition from exterior to interior by introducing the concept of fluid, continuous space.

Successful Outcomes

The CMC Group has received its temporary certification of occupancy which means that closings will begin right away. The Brickell Flatiron is about 95 percent sold, with more than half of that percentage consisting of domestic end-user buyers. The lowering of deposit requirements to 30 percent at the beginning of this year has attracted more U.S. buyers to the building. This project has been a success story and Ugo Colombo already has another project in the works which is sure to be another beautiful contribution to the Miami skyline.

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