As the appetite for luxury residential real estate in South Florida mounts, CMC Group and Morabito Properties, two of the region’s most experienced developers, are joining forces to launch Onda, a new boutique luxury condominium in Miami’s Bay Harbor Islands. Designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica, the 8-story building’s enviable location will feature more than 300 feet of bay frontage, a private marina, and sweeping views of Biscayne Bay and the Atlantic Ocean. Construction of Onda is estimated to begin in Fall 2021, with completion slated for 2023.
Onda’s 41 impeccably finished residences include two- to four-bedroom layouts measuring between 1,809 to 3,525 square feet, with four penthouse residences up to 5,073 square feet in size – two of which will include private rooftop pool decks. Prices range from $1.8 million to over $8 million.
Onda will benefit from the track-record and expertise of Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties – two world-class developers driven by their Italian instincts for quality, style, and craftsmanship. Colombo and Morabito previously partnered in 2016 to lead the development of Beach House 8, a nearby boutique waterfront condo building on Collins Avenue in Miami Beach. Most recently, Colombo and CMC Group delivered Brickell Flatiron, a 64-story luxury tower in Downtown Miami’s Brickell Financial District.
“Diminishing single-family home inventory and growing interest in Miami’s luxury condo market have sparked the next wave of development, but few projects benefit from Onda’s prime waterfront location in one of the city’s most desirable neighborhoods,” said Ugo Colombo, Founder of CMC Group. “Bay Harbor Islands is Miami’s best kept secret. Surrounded by some of South Florida’s finest shopping, beaches and schools, the area is synonymous with an upscale, family-oriented lifestyle that appeals to buyers from across the country and around the world.”