Greystone Tops Off Luxury Community in Miami

By Robert Demeter

Coral Gables Miracle Mile

Miami—Greystone Development’s The Aura, a 14-story mixed-use building in Coral Gables, Fla., has topped off, the company announced recently.

Located at 1501 SW 37th Ave., The Aura is a 96,550-square-foot, 100-unit luxury multifamily development designed by Borges + Associates Architects. The property comprises one- and two-bedroom units, each with private outdoor space. Amenities include a swimming pool and spa, sun terrace, gym, lounge and garage.

The Aura also features approximately 6,400 square feet of ground-floor retail with floor-to-ceiling windows and over 150 feet of frontage along Douglas Road. Greystone Development has exclusively engaged The Diaz Team at CBRE to lease the retail portion of the property.

The asset is ideally located within walking distance from Downtown Coral Gables, Miracle Mile, and The Mile, a 120-unit luxury rental building also developed by Greystone.

“This topping off marks our continued growth in South Florida,” said Jeffrey Simpson, head of Greystone Development, in prepared remarks. “Greystone Development has developed more than 830,000 gross square feet in this market to date. Coral Gables and Miami are vibrant markets, and we look forward to expanding our presence.”

Greystone is currently developing 2500 Biscayne Blvd., a 20-story mixed-use property located near Biscayne Bay. Nearing completion, the community will offer 156 luxury apartments with 20,000 square feet of street-level retail in the Edgewater district of Miami.

Image courtesy of Greystone Development