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A venture between CMC Group and Morabito Properties topped off Onda Residences, a 41-unit luxury condominium project in South Florida.

Share via Shortlink “I’ve always loved the city, but the most interesting parts aren’t in the center. They’re at the edges. The edges are where the city relaxes, where you find a sense of perspective. At the edge of possibility.” (Valerio Morabito on Onda Residences) There was a time in the months after the pandemic began when roughly 1,000 Northerners moved to Florida every day. Miami is healthy, safe and peaceful. It offers new opportunities. It has lovely weather and water access. Valerio Morabito, CEO of developer Morabito Properties, and Ugo Colombo, president of CMC Gr...

Valerio Morabito and Ugo Colombo. (Getty, CMC Group/Morabito Properties) Ugo Colombo and Valerio Morabito are the latest South Florida developers to pull the trigger and launch sales of a new condo project, The Real Deal has learned. CMC Group and Morabito Properties tapped Fortune International Group to begin sales of Onda, a planned 41-unit, eight-story development at 1135 103rd Street in Bay Harbor Islands, Morabito told TRD. Construction could begin in the fall and the building could be delivered in 2023. (Tecma Solutions SpA) Prices will range from about $1.6 million to more than $8 mill...