in southhern florida most openings have the windows/doors are installed on the inside with tap-cons. this likely has to do with standard construction being masonry and window glazing having to be 3" away from the surface of hurricane shutters.
it also makes for a nice reveal and adds dimension to the building face. additionally the stucco can be wrapped around the edge of the openings up to the widow/door flange and stucco/stone/marble trim/bands can be applied as needed.
simply make the concrete opening a little larger than the window flange, to allow for level and plumb. on the bottom you can then actually let the flange overhang the concrete core to get a natural waterstop, and make your sill with a good pitch. i've let the icf furring strips stick out to have the stucco sills grab on to them. be sure to leave any window frame weep holes open for drainage....
when using siding the trim can be stopped at the wall edge and the opening can be stucco'd and sealed with a bead of caulk, per code, at the window frame flange and the trim interface.
i did the same thing on my own house with the old cmu part as well as with the new icf addition. all impact windows, and 3 hurricanes and countless thunderstorms later, no leaks.
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