Ugo Colombo's company paid $21 million, or $434 per square foot, for a property in Miami's financial district that has development potential.
October 01, 2013 at 10:00 PM
1 minute read
Miami developer Ugo Colombo has joined the Brickell land rush with the $21 million purchase of the site of a restaurant in the area.
Downtown Development Holdings LLC, managed by Colombo’s CMC Group Inc., purchased the 1001 S. Miami Ave. property Friday for nearly $434 per square foot of land, according to Miami-Dade County records. The Baru Urbano restaurant operates on the site.
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