Greystone Development’s Newest Property in Coral Gables, The Aura, Tops Off

NEW YORK, Jan. 23, 2017 -- Greystone Development’s 14-story mixed-use building, The Aura, at 1501 SW 37^th 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.

About Greystone Development
Greystone Development is a full-service real estate developer. Since 1992, Greystone has acquired, repositioned and developed over $2 billion in properties nationwide spanning approximately 3.5 million square feet. The company’s portfolio is diverse, comprised of condominium, rental, office, retail, mixed-use and healthcare properties. Greystone is currently developing 15 real estate projects in premier markets such as New York, Miami and Palo Alto. For more information, visit www.greystonedevelopment.com.  Greystone Development is a part of the Greystone group of companies, active in real estate lending, investment and advisory. For more info, visit www.greyco.com.

About Borges + Associates Architects
Borges + Associates Architects is a Miami-based design and architecture firm focusing in the areas of hospitality, high-end residential, mixed-use and commercial. Led by husband and wife team Reinaldo Borges and Alice Dahbura-Borges, the firm brings more than 50 years of combined experience to each of their internationally-acclaimed projects along with a strident focus on future resiliency and green building principles for sustainable developments. Reinaldo Borges, the company’s founder, is an active member of the Urban Land Institute, American Institute of Architects, and the U.S. Green Building Council, and is the recipient of the 2016 Architect of the Year Award from the AIA Miami, and a community appreciation award for his enthusiastic and engaged involvement with the City of Miami Beach on the complex topic of sea level rise. Together with their partners, Borges + Associates have conceptualized and designed more than 40 developments both international and local, including the Infinity at Brickell Tower, and the Grand Beach Hotel. Driven entirely by their clients’ vision and budgetary concerns, the firm is available for small, medium, and large scale projects, combining a passion for design of all types. Borges + Associates Architects’ offices are located at 999 Brickell Ave, Suite 700, Miami, Florida, 33131. For more information, contact their offices at [email protected], or by phone at 305-374-9216.

PRESS CONTACT:
Karen Marotta
Greystone 
212-896-9149
[email protected]