Valerio Morabito and Ugo Colombo. (Getty, CMC Group/Morabito Properties)
Ugo Colombo and Valerio Morabito are the latest South Florida developers to pull the trigger and launch sales of a new condo project, The Real Deal has learned.
CMC Group and Morabito Properties tapped Fortune International Group to begin sales of Onda, a planned 41-unit, eight-story development at 1135 103rd Street in Bay Harbor Islands, Morabito told TRD. Construction could begin in the fall and the building could be delivered in 2023.
(Tecma Solutions SpA)
Prices will range from about $1.6 million to more than $8 million for the penthouse. The building, designed by Bernardo Fort-Brescia of Arquitectonica, will have more than 300 feet of bay frontage and a private marina with 16 slips.
Edgardo Defortuna, Claudio Cordero and Carlos Balart with a rendering of the project
Ambienta Developers is launching sales of its first condo development in South Florida in Bay Harbor Islands,
The Real Deal has learned.
Ambienta Bay Harbor Islands, a planned 30-unit building at 9901 West Bay Harbor Drive, is expected to break ground in June, said Carlos Balart, executive vice president of Santiago, Chile-based Ambienta.
The firm also plans to also launch a 79-unit condo project with retail in Brickell, and a roughly 270-unit development elsewhere in Miami.
Ambienta, led by CEO Claudio Cordero, hired Edgardo Defortuna’s Fortune International Group to lead sales of the Bay Harbor Islands and Brickell projects.
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Miami is on the rise- again. A city well-known for its resiliency, Miami has been bouncing back from the economic fallout of the coronavirus pandemic with a vigor that is the envy of other major American metropolitan areas. One of the main factors driving this growth is the relocation of companies and C-Suite executives from other parts of the country looking to capitalize on Miami’s advantages.
In a way, COVID-19 has accelerated a process that was already underway, as businesses from across the corporate spectrum began to recognize that the metro Miami area had developed the right mix of entrepreneurship, innovation, talent and quality of life and cost advantages that warranted serious consideration of a relocation or expansion. Florida’s absence of individual income and capital gains taxes was already fueling wealth migration from other parts of the country, particularly after the Trump Administration’s roll back