How COVID-19 Will Shape the Real Estate Development of the Future
Life as we know it will change in many ways due to the COVID-19 pandemic, but one change that many people are not focused on is how this will affect the future of real estate development. In the matter of months, the wants and needs of real estate buyers have taken a sudden shift. What once seemed important and practical to buyers has now changed to adapt to our new normal.
What Will the Future of Real Estate Development Hold?
According to Forbes, the real estate development buzzwords are quickly morphing into new words like “privacy, virtual, distanced, and mine.” There has been a universal agreement amongst real estate developers that health and wellness will now be at the top of buyers’ wish lists. This may include things like air purification, aromatherapy, cleaning protocols, etc. as a necessity for all buyers instead of those only with compromised immune systems or other special needs.
However, there are others who believe that it may been unwise to overcorrect and completely re-evaluate the real estate market for needs that may only last three to twelve months. It is wise to focus on the trends that are certain and not just those resulting from the coronavirus. If a vaccine is found, the real estate development world could move in an entirely different direction. Ultimately, it is important to always stay up to date on the latest trends in the real estate world and adapt accordingly, but maybe not too quickly.
Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.
The All New Audi A3 Sedan
Audi’s brand-new update to the A3 Sedan is here and it is a showstopper. This compact sedan offers drivers a sharp, classy look while still being offered at a great price. The I-4 CYL engine, and 7-speed automatic transmission gives you all the speed and power you need on your future adventures.
The Details
Starting with the gas tank, the A3 Sedan offers you a combined 27 miles per gallon, and 36 highway miles per gallon. This means you can spend less time pumping gas, and more time enjoying your new car and creating new memories on the open road. This car also received an award from The Insurance Institute for Highway Safety (IIHS) for its 5-star overall safety rating, which is not easy to accomplish. Also, this vehicle features the Audi pre sense front and side impact beams and driver and front-passenger advanced airbags so that you and your passengers can always feel safe. This car is the perfect solution for anyone who wants a luxury vehicle at a less than luxury price point and who is in the market for a new compact sedan for the warmer months ahead!
Ugo Colombo’s THE COLLECTION has many Audi vehicles to choose from, visit THE COLLECTION dealership to view their selection today.
And Then There Was One: The 62nd-floor Penthouse
The future looks bright for the Miami luxury real estate market despite the economic decline in the US due to the COVID-19 pandemic. The Brickell Flatiron, the latest project by luxury real estate developer Ugo Colombo, had $31.62 million in real estate sales since March. In fact, since the opening of this building, 98 percent of the units have been sold. However, there is one beauty that since remains unclaimed at the Brickell Flatiron and it can be found on the 62nd floor.
Penthouse Details
The last remaining penthouse at the Brickell Flatiron is on the market for $9 million. This unit is a two-story, 4,663-square-foot beauty. It comes fully furnished with four bedrooms and five and a half bathrooms. The penthouse features terraces that extended from each exterior room and gorgeous, vast views of Biscayne Bay and downtown Miami. Created by Spanish architect Alexis Cogul Lleonart, this penthouse was beautifully designed to compliment the gorgeous views this unit offers. With vibrant color choices, contrasting materials, and fluid lines, this unique design is sure to capture the attention of all who enter.
Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.
Miami Luxury Real Estate Stays Hot During a Pandemic
COVID-19 has made many things uncertain, but one thing that remains clear is the increasing demand for luxury real estate in Miami. Even amidst a pandemic, the Brickell Flatiron (Ugo Colombo’s latest project), closed on a whopping $31.62 million in sales since March. As the US economy continues to drop, Miami’s luxury real estate continues to rise, and the Brickell Flatiron sales are proof of this fact.
Details on the Brickell Flatiron Sales
The Brickell Flatiron project first broke ground in early 2017 and finally opened late 2019. Since its opening the 64-story, 527-unit has sold 98 percent of its units which is equivalent to 516 units. In the last three months, four of the five penthouse units were sold and four more have gone under contract. The four units that have gone under contract since March have all gone to contract at asking price. The smallest unit of the four units under contract is a 900 square-foot one-bedroom, one-bathroom that went for $450,000. The largest is a 2,200 square-foot three-bedroom, three-and-a-half-bathroom condo that went for $1.88 million. There is one penthouse that remains available at the Brickell Flatiron and the asking price is $9 million. If the past three months are any indicator of what the future holds for Miami luxury real estate sales, that penthouse won’t be available for long!
Learn more about Italian-born real estate developer Ugo Colombo, President of CMC Group.
The 2020 Aston Martin Vantage: The Archetypal Hunter
Making a big statement on the road in 2020 is the Aston Martin Vantage. With a look that is unique and customizable, it is sure to turn heads wherever you take it. The design, engineering and performance allow you to take this car from the track, to country roads, or the busy city.
Design
Each piece of the 2020 Vantage has been tailored to give the car an athletic aesthetic, but at the same time also giving it an aggressive appearance to make others on the road stop and admire. Inside the car, the seats sit lower for a more thrilling experience while you drive.
Engineering
To create a car that handles many kinds of roads, Aston Martin incorporated an aluminum chassis in the body of the Vantage. Under the hood is a twin-turbo 4.0-liter V-8 that gives you 503 horsepower right out of the gate. The Vantage is sure to get you from point A to point B – quickly and in style.
Ultra-Compact Hood
The convertible roof of the Vantage is powered by a Z-fold mechanism and can be lowered at 6.7 seconds or raised at 6.8 seconds at speeds up to 31 mph. This is almost twice as fast as the models that came before!
Ugo Colombo’s THE COLLECTION has many Aston Martin vehicles to choose from, visit THE COLLECTION dealership to view their selection today.
Is Miami’s Real Estate Market Taking a Hit From the Pandemic?
During the COVID-19 outbreak, many industries have been affected and will continue to be affected during these trying times. Since we are living in a time of uncertainty, people are feeling less optimistic and are worried about what the future holds. At the beginning of this year, Miami’s housing market was doing very well, but could this state of fear due to the outbreak cause it all to drop?
Pre-Outbreak Market
Before the coronavirus outbreak, Miami and all of Florida were experiencing an increase in home and condo sales in relation to the previous year. According to the Florida Realtors Association, there was a 9.1 percent increase in single-family home sales in February, and a 10.9 percent increase in condo sales. The average sale price for a single-family home also rose 7.9 percent, with an average sale price of $361,839. The Super Bowl helped spark this market growth for Miami and the surrounding areas. People have been drawn to Florida due to the year-round sunshine, beaches, and many tourist attractions.
The Future of Miami’s Real Estate
For the first time, South Florida saw their population hit 6 million, with Miami Dade hitting 2.7 million residents. Due to the rise in population growth, there will still be a large demand for homes and condos. With many people unsure of what the future holds, Miami’s real estate market is still expected to be strong, especially as everything begins to reopen.
Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.