Ugo Colombo (real estate)
Ugo Colombo is a Miami residential and commercial real estate developer. His real estate career began when he acquired and resold a group of foreclosed units from the Federal Deposit Insurance Corporation. Colombo’s most recent developments include Epic Residences and Hotel, a 55-story luxury condominium and hotel at the mouth of the Miami River in downtown Miami, and Grovenor House, a 166-unit luxury condominium project completed in 2006 of Miami’s Coconut Grove community.
In 1994, Colombo acquired The Collection, a seven-franchise luxury automotive dealership. Colombo bought The Collection after it had been seized by the U.S. government during a drug prosecution case against his ex-racing partner, Armando “Mandy" Fernandez.
In partnership with Portman Holdings, Colombo’s CMC Group was one of two groups bidding to redevelop Miami Beach’s aging convention center complex. The project was later investigated due to concerns of bid rigging and Colombo was cleared of any wrongdoing.
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