Ugo colombo miami net worth
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Ugo Colombo has played a pioneering role in the development of Miami’s skyline. He is widely regarded as one of South Florida’s most respected and successful residential and commercial developers. Born in 1961 in Milan, Italy, Mr. Colombo came to the United States in 1983. His real estate career began while he was studying at the University of Miami. After acquiring and selling the inventory in two Brickell Avenue buildings – the Imperial and Villa Regina Condominium, Mr. Colombo and his company, CMC Group, focused on the design and construction of high-rise luxury condominium buildings across Miami.
Mr. Colombo’s commitment to timeless style, breathtaking luxury and meticulous detail has been a constant in the sea of change that has come to define Miami real estate over the past three decades. In 1993, he and his firm, CMC Group, began building Bristol Tower on Brickell Avenue, the condo that ignited the luxury residential boom in Miami. Bristol Tower’s success was followed by the launch of Santa Maria in 1996, the 52-story tower whose ‘mansions in the sky’ reshaped the Bric
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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
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Ugo Colombo (real estate developer)
Ugo Colombo (Milan, 2 March 1961) is an Italian-born residential and commercial real estate developer in Miami, Florida.[1]
Early life
Colombo was born in Milan, Italy on March 2, 1961. He was schooled in a Lausanne, Switzerland boarding school and spent two years working for his father's industrial empire. He came to the US in 1983 and attended the University of Miami.[2][3][4][5]
Real estate
Ugo Colombo's real estate career began when he acquired and resold a group of foreclosed units from the Federal Deposit Insurance Corporation.[6][7] He then formed his company CMC Group, which focused on the management of distressed real estate in Miami. His company then entered the design and construction industry with a focus on high-rise luxury condominium buildings on Brickell Avenue in Miami, as well as in Aventura and Miami Beach. The first building venture he was a part of was the Villa Regina in Brickell, Miami. One of the next buildings he built was the
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