Alcazar Development Group III is planning a new multifamily community branded as Aura Living Apartments just outside Homestead in Miami-Dade County. The developer has submitted an administrative site plan review application to county officials for a 4.41-acre parcel at the southeast corner of Southwest 281st Street and Southwest 152nd Avenue, one block east of U.S. 1.
According to a report cited from The South Florida Business Journal, Alcazar acquired the development site in 2015 for $3.1 million. The new proposal would add a mid-rise rental project to the area, situated near another multifamily community the company completed previously.
The Aura Living Apartments plan calls for an eight-story building totaling 262,819 square feet. The program includes 220 residential units, 2,400 square feet of ground-floor retail space and 266 surface parking spaces. Resident amenities are expected to include a fitness center and a pool on the ground floor, integrated into the overall layout of the property.
The residential mix is designed across a range of unit sizes and configurations. Plans indicate apartments from 729 to 1,159 square feet, including 66 one-bedroom units, 109 two-bedroom units and 45 three-bedroom units. The configuration provides a blend of smaller and larger floor plans aimed at a range of household sizes.
Architecture firm Anillo Toledo Lopez has been engaged as the architect for the project. The design will shape both the multifamily component and the ground-floor retail space, as well as how the building interfaces with the surface parking fields and outdoor amenity areas.
Alcazar Development Group has an established presence in the immediate area through its earlier Olivia Apartments project, located only a few blocks away. That community was completed in phases during 2018 and 2019. Alcazar subsequently sold the Olivia Apartments in 2022 for $70.5 million, following lease-up and stabilization of that asset.
The Aura Living proposal, now moving through the county review process, represents a continuation of Alcazar Development Group III’s activity in the Homestead-area rental market. If approved and developed as planned, the community would add new multifamily inventory, a modest amount of retail space and additional amenity options to this part of Miami-Dade County.
