Ugo Colombo (real estate)

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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.[1] 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.[2]

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.[3][4]

In partnership with Portman Holdings, Colombo’s CMC Group was one of two groups bidding to redevelop Miami Beach’s aging convention center complex.[5] The project was later investigated due to concerns of bid rigging and Colombo was cleared of any wrongdoing.[2][6]

References[edit]

  1. ^ Nordheimer, Jon (20 February 1996). "Nesting Beyond the Snowbirds;Foreigners Flock to Miami's Luxury Condominiums". The New York Times. p. 1. 
  2. ^ a b Smiley, David Developer tangled in Miami Beach convention center probe, Miami Herald, retrieved on 21 February 2013
  3. ^ Lyons, David (May 6, 1994). "Racing Buddy of Jailed Owner Bids for His Florida Car Dealership". Miami Herald. Knight Ridder. 
  4. ^ Francisco Alvarado (October 13, 2005). "Miami: See it like a drug dealer". Miami New Times. 
  5. ^ Oscar Pedro Musibay (Dec 7, 2012). "Miami Beach could shortlist top convention center developers". South Florida Business Journal. 
  6. ^ Smiley, David Developer cleared in Miami Beach convention center bidding probe, Miami Herald, retrieved on 21 February 2013