Brickell Flatiron Developer Ugo Colombo: Movement To Urban Core Is Real, & Developers Are Selling Out

Brickell Flatiron developer Ugo Colombo says that the younger generation prefers to live in the urban core without a car, and it is affecting real estate prices, according to Mansion Global.

Colombo said that the competition among developers to secure property is now highest in downtown, where land is scarce. Developers are selling out downtown buildings, he said.

Miami, New York, and Los Angeles are now the three main hubs for luxury properties in the U.S., Colombo said. Miami is growing the most though because of tax advantages, he said, and is attracting many people from New York and L.A.

Colombo lives in the bayfront Carl Fisher estate in Miami Beach, chosen by Fisher as the best location in the city. Despite that, Colombo said he wanted to return to apartment life due to the high level of maintenance needed in a single family home.

Brickell Flatiron is now 87% sold.

Flatiron is Miami’s tallest residential condo building, and is also the tallest condo building south of New York. It topped off at 64 stories and 736 feet above ground.

 

Glass installation at Brickell Flatiron:

(photo: phillip pessar)

 

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Anonymous
1 year ago

Good. Now build Urban towers, not skyscraper suburbs. Ditch the giant parking podiums and lobby for some real urban transit.

Anonymous
1 year ago

Listen, you can wish that people not buy cars and use urban transit all you want but not many developers are going to risk their money to build a residential project that doesn’t have parking because some people think that that will stop people from purchasing a vehicle… it just ain’t gonna happen.. not in Miami.

Anonymous
1 year ago

Living in the Urban Core with easier access to our limited public transportation system will help young families to at least get rid of one car per household. This will make rental more attractive and will keep increasing the demand in the area.

Realtalk Reilly
1 year ago

So is it starting to become clear now why “community activist” Norman Braman was so bitterly opposed to the multi-billion-dollar downtown Miami re-development mega-plan about ten years ago, and spent millions on an unsuccessful lawsuit to block it?

Braman pretended his opposition was about the baseball stadium, but that was just one part of the deal. The main focus of it was re-development of the downtown core, to lay the groundwork for making it into a more cosmopolitan metropolis where it is possible for people to to live without having to own a…wait for it…AUTOMOBILE.

Now let’s see…how did Norman Braman earn his fortune, again? What is the product that he sells? Ahhhhhhh. Get it now??

Anonymous
1 year ago

Propaganda much?

Anonymous
1 year ago

I think you mean conspiracy. Propaganda would be Braman buying ads to talk about cars = “muh freedom” and all that gobbledygook.

Anonymous
1 year ago

Flatiron is nice…but HATE the parking podium. Paramount has parking as well but it’s spread out – much better look IMHO (and if the lights turn out like the marketing on the website it will look pretty awesome day/night).

But when comparing the two – Paramount is the hands-down winner — because of the 40 whatever amenities, right? WRONG — it’s closest to the upcoming Chick Fil A!!!!!! 🙂

Bob
1 year ago

Agreed. The parking podium is horrible and IRS jagged shapes go against the curvilinear forms of the building. Big and dumb mistake

Anonymous
1 year ago

A 19 floors parking garage.

Anonymous
1 year ago

20 minutes just to get out of the garage.

Anonymous
1 year ago

Just like the X Miami, basically half a commute just to get out the garage

Anonymous
1 year ago

only 19 floors of parking garage. we need more parking garages in downtown miami ,please build more parking spaces

Anonymous
1 year ago

I don’t mind parking Podiums. Who would want to buy a condo on the 2nd floor??

Anonymous
1 year ago

Me

Anonymous
1 year ago

You’ll be amazed….

¯\_(ツ)_/¯
1 year ago

I mean for the baller on a budget, lots of people would!

Anonymous
1 year ago

Can still have one – it’s called a liner unit. Cheers

305
1 year ago

I live in a liner unit that faces the river. Swear that it’s one of the best floor plans in all of Brickell. Unique with a linear layout, floor to ceiling glass. Much better than the usual deep tower units with the boring split-two bedroom plans.

Anonymous
1 year ago

Gotta say that this building is gorgeous overall (would obviously look better with a smaller parking podium) amazing addition to the skyline was admiring yesterday from 4 seasons…

Anonymous
1 year ago

Geez can you people SHUTUP about parking podiums!!!!

Anonymous
1 year ago

No, quit whining about parking podiums.

Anonymous
1 year ago

There’s a distinction between not wanting cars and not wanting commutes. Canyon dwellers might still want cars for the weekends, vacations, etc. The garages are not empty yet. Cheers.

Anonymous
1 year ago

Calling Peter Zalewski! Where’s the Miami Herald’s famous real estate consultant to comment about the coming real estate crash? And how the inflated inventory figures will keep units from selling for decades?

Anonymous
1 year ago

Don’t speak too early Charles Barkley.

Anonymous
1 year ago

In other news, water is wet.

Anonymous
1 year ago

World Class project.

Anonymous
1 year ago

Wow, hater much. Go back to whatever miserable place you’re from.

Azarius
1 year ago

Granted the young wants to live in a urban environment but can’t afford a apartment within a 8 mile radius

Anonymous
1 year ago

not too many young people will want to move downtown after they learn that moishe mana owns most of downtown and plans to develop his lots by 2050

aceraroja
1 year ago

“Miami is growing the most though because of tax advantages”

This means Miami is a plantation, a colony. It’s a potemkin metropolis based completely on the fortunes of other places. This is why our peaks and crashes are so spectacular.

No high taxes here please !
1 year ago

The problem with lower tax Miami attracting blue NY and LA runaways is that they move here and vote for high tax democrats as they did over-there. Liberalism is a desease that they can not run away from

Anonymous
1 year ago

Conservatism is a mental deficiency.. and that becomes very evident when they try to spell – “desease” – lol……

Anonymous
1 year ago

?

Anonymous
1 year ago

I don’t know, you have to be quite mentally deficient if you flee a high-tax state, only to support the same policies where you move.

Anonymous
1 year ago

California, the largest state in population in the USA – over forty million people.

New York City, the largest city in population in the USA – about eight million people.

Yep, Cali and NYC definitely can make it on the state of Florida current taxes and the city of Miami current taxes and still receive all the services that they require to keep them going.

Gosh, you “anti-tax” conservatives are really smart and make a lot of sense.

Anonymous
1 year ago

Mayor Diblasio has New York in red numbers and 2 billions short ! And public services are bad in nyc

Anonymous
1 year ago

“Mayor Diblasio has New York in red numbers and – 2 billions – short!”

Okayyy Trump.

Anonymous
1 year ago

California has one of the highest poverty rates in America

Anonymous
1 year ago

Surprised?.. California also have the most people in the United States of America.

Anonymous
1 year ago

At least liberals know how to spell disease.

Anonymous
1 year ago

You liberals can take your di”e”sease and move right back to your high tax safe space liberal utopia

Anonymous
1 year ago

You mean like, back to where Trump is from, New York City?

Anonymous
1 year ago

Parking podium also does not look like it can be retrofit in the future.

Anonymous
1 year ago

Gee, Miami sure does have a lot of parking podium experts.

Anonymous
1 year ago

UofM has a major in parking podium design and use.

Anonymous
1 year ago

Dang, had I known that when I was at the U of M, that would’ve my major.

Anonymous
1 year ago

Parking podiums are useful with sea level rise.

¯\_(ツ)_/¯
1 year ago

You think water is gonna rise 19 stories within our lifetime?