CMC Group

Vita at Grove Isle Tops Off Construction, Set for Late 2025 Completion

8:00 am on September 5, 2024 By Oscar Nunez

Grove Isle’s first new residential development in decades has reached a major milestone as CMC Group, led by developer Ugo Colombo, topped off construction of Vita at Grove Isle, a 65-unit luxury condominium. Situated on the 20-acre private island of Grove Isle, just offshore from Miami’s Coconut Grove neighborhood, the seven-story waterfront development is comprised of three interconnected buildings, forming a unified structure. Vita at Grove Isle is scheduled for completion in late 2025.

Developers Sign Utility Agreement For Four Seasons Private Residences Coconut Grove

8:00 am on August 3, 2024 By Oscar Nunez

The developers behind the Four Seasons Private Residences Coconut Grove have signed a utility deal to connect the new 20-story tower to Miami-Dade’s water and sewer system, executed on June 25. According to Miami’s Water…

Construction Completes on Onda Residences at 1135 103rd Street in Miami’s Bay Harbor Islands

8:00 am on August 1, 2024 By Oscar Nunez

Construction on Onda Residences, an 8-story residential condominium designed by Arquitectonica in Miami’s Bay Harbor Islands, is complete upon receiving its Temporary Certificate of Occupancy (TCO). This milestone marks the delivery of the boutique waterfront tower located at 1135 103rd Street as owners move forward with unit closings and prepare to move into the building. Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties are the developers. Coastal Construction served as the general contractor.

$69.9 Million Refinancing Secured for 4000 Ponce/The Collection in Coral Gables

8:00 am on July 11, 2024 By Oscar Nunez

Miami-based real estate development firm CMC Group has obtained a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce/The Collection, a nine-story Class-A mixed-use office and retail development in Coral Gables. Developed by CMC Group Founder Ugo Colombo in 2002, the Mediterranean-style building is also home to The Collection, a luxury car dealership featuring brands such as Ferrari, Aston Martin, and Porsche. The property is located at the intersection of Ponce de Leon Boulevard and Bird Road and includes 150,000 square feet of Class A office space and 32,000 square feet of ground-floor retail. It is over 90% leased to tenants, including Steinway & Sons, Coldwell Banker, and Hemisphere Media Group.

First Standalone Four Seasons Condo Planned for 2699 S. Bayshore Drive, Miami, FL

7:00 am on April 25, 2024 By Colt Dodd

Four Seasons Private Residences Coconut Grove is slated to be the luxury brand’s first standalone venture in the state, offering “legendary service and experiences outside of a hotel or resort.”

Construction Progresses On CMC Group’s ‘Vita at Grove Isle’ Condominium In Coconut Grove, Miami

8:00 am on March 16, 2024 By Oscar Nunez

Miami’s CMC Group, under the leadership of Ugo Colombo, has reached a significant milestone, advancing past the halfway mark in the construction of Vita at Grove Isle. This seven-story boutique luxury condominium is emerging on Grove Isle, a secluded 20-acre island just off the coast of Miami’s Coconut Grove neighborhood. Located at 5 Grove Isle Drive, the development features three interconnected buildings, each being constructed sequentially to ultimately create a cohesive structure. Earlier this year, CMC Group obtained a $239 million construction loan from Bank OZK, earmarked for the continued progress of the condominium. The project, which initiated construction in April 2023, anticipates structural completion of all three buildings by this summer, with the entire development expected to be ready for occupants by late 2025.

CMC Group Lands $239 Million Construction Loan For Vita at Grove Isle Condo At 5 Grove Isle Drive In Miami

8:00 am on January 5, 2024 By Oscar Nunez

Miami-based CMC Group, led by real estate developer Ugo Colombo, has obtained a $239 million construction loan from Bank OZK to develop Vita at Grove Isle. This luxury condominium project, currently under construction at 5 Grie Isle Drive on the private island of Grove Isle, near Miami’s Coconut Grove, will consist of a seven-story building with 65 waterfront residences, each boasting panoramic bay views and high-quality finishes. The project, which broke ground in April 2023, is progressing with vertical construction and is slated for completion by late 2025.

CMC Group Breaks Ground On Vita At Grove Isle In Coconut Grove, Miami

8:00 am on April 21, 2023 By Oscar Nunez

Prominent Miami developer, Ugo Colombo of CMC Group, has recently broken ground on Vita at Grove Isle, a boutique condominium at 5 Grove Isle Drive on the 20-acre gated private island just off the shore of the city’s Coconut Grove neighborhood. Collaborating with global architecture and design firm CallisonRTKL, local architectural firm S & E Architects, and Italian designers Carlo and Paolo Colombo of A++ Human SustainableArchitecture, the seven-story development is set to offer 65 residences featuring unobstructed panoramic bay views, exquisite detailing, and the finest materials and workmanship. The project, designed as a singular architectural structure comprising three buildings – Mare, Luce, and Sole – echoes its distinct Grove Isle setting with a graceful, curved shape inspired by the island’s natural contours while maximizing vistas of the shimmering Biscayne Bay. Set amidst verdant, native landscaping, Vita at Grove Isle is poised to deliver a boutique living experience, with construction now underway and an estimated completion timeline of 24 to 28 months.

Onda Residences Tops Off Construction At 1135 103rd Street In Bay Harbor Islands

8:00 am on February 28, 2023 By Oscar Nunez

Onda Residences, a 41-unit residential building project developed by Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties, has topped off construction at eight stories. Located along Biscayne Bay at 1135 103rd Street, the architect behind the project is Bernardo Fort-Brescia of Arquitectonica. Enzo Enea of Enea Garden Design is designing landscape architecture, and Carlo and Paolo Colombo of A++ Human Sustainable Architecture are handling interior design. Coastal Construction is the development’s general contractor and will complete construction later this year.

CMC Group To Begin Construction At ‘Vita At Grove’ This Year, Slated To Complete By Winter Of 2024

8:00 am on February 22, 2023 By Oscar Nunez

Construction will begin this year at Vita at Grove Isle (Vita), a 7-story, 65-unit residential complex developed by CMC Group, located at the 20-acre private island Grove Isle near Coconut Grove. Designed by CallisonRTKL with interiors by A++ Human Sustainable Architecture, Vita’s design was inspired by the island’s natural curves, featuring a curved façade that responds to the waterfront’s natural contour. The development is scheduled to complete construction in the winter of 2024.

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