Greystone Tops-Off Its Newest Luxury Multifamily Development in Hot Miami Submarket

Greystone Tops-Off Its Newest Luxury Multifamily Development in Hot Miami Submarket

CORAL GABLES, FL - Greystone Development’s 14-story mixed-use building, The Aura, at 1501 SW 37th Ave in Coral Gables, has achieved a significant construction milestone, announcing it has topped off.

The Aura, a 96,550 square foot, 100-unit luxury multifamily development, designed by Borges + Associates Architects with a distinctive profile, features thoughtfully planned amenities, including swimming pool and spa, sun terrace, gym, lounge, and garage.

The property is comprised of one- and two-bedroom units, each with private outdoor space. The approximately 6,400 square feet of ground floor retail shines with floor-to-ceiling windows and over 150 feet of frontage along Douglas Road, a highly trafficked retail corridor.

Greystone Development has exclusively engaged The Diaz Team at CBRE to lease the retail portion of the property.

“This topping off marks our continued growth in South Florida,” said Jeffrey Simpson, Head of Greystone Development. “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.”

The Aura is ideally located within walking distance of Downtown Coral Gables, Miracle Mile and The Mile, a 120-unit luxury rental building developed by Greystone Development. In December 2015, The Mile was sold to a major national REIT for record pricing in Miami.

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

Source: Greystone / #Apartments #Multifamily

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