North Miami Beach Mixed-Use Development Secures New Retail Tenants, Bringing Occupancy To 60% Ahead Of Q2 Delivery

Macken Companies announced that Aura, the highly anticipated 533,835-square-foot mixed-use development spanning a city block at 16955-17071 West Dixie Highway in North Miami Beach, has secured new long-term leases with Florentin Bakery and Mimi Yoga, marking significant milestones in the retail component of the project.

The eight-story development features 373 luxury rental units and 17,000 square feet of prime ground floor commercial space plus 9,000 square feet of exterior covered retail terrace space. With these latest additions, Aura’s retail occupancy has reached 60 percent, reinforcing its position as a premier destination for lifestyle-oriented businesses in South Florida. The project is slated for completion in Q2 2025.

Florentin Bakery has committed to an approximately 2,800-square-foot space. The beloved bakery, which currently operates a location in Hollywood, Florida, is expanding its footprint to serve the North Miami Beach community with its signature artisan breads, pastries, fresh sandwiches, salads and more. Barrett Wolf of Wolf Co. represented the landlord, Macken Companies, and the tenant in the transaction.

Mimi Yoga, an infrared heated yoga and mat pilates studio with existing locations in Wynwood and Coconut Grove, has secured approximately 2,650 square feet of space. Luchy Hermoso of Coldwell Banker represented Mimi Yoga, while Barrett Wolf of Wolf Co. represented the landlord.

“Aura continues to attract high-quality retailers and restaurants looking to expand their presence in South Florida,” said Alan Macken, CEO, Macken Companies. “The addition of Florentin Bakery and Mimi Yoga reflects the strong demand for well-positioned commercial space in this growing market. We are excited to see Aura take shape as a vibrant hub that both residents and the surrounding community will enjoy.”

These new tenants will join The Missing Peace, an early childhood occupational therapy center, and Sunrisas Dental Miami, a dental practice, which will offer services that cater to the everyday needs of residents and visitors alike.

“Aura has been a passion project from the very beginning,” added Macken. “Growing up here, I always saw the area’s potential, and seeing our vision come to fruition is incredibly exciting. Being involved in shaping the city’s new master plan and now witnessing the positive changes take shape is truly rewarding. We’ve been very strategic in curating a dynamic mix of tenants—businesses that not only complement one another but also enhance the experience for both Aura’s residents and the surrounding community. This project is about more than just development; it’s about creating a vibrant, thriving destination that elevates the entire area.”

With LOI’s from prospective tenants for the remaining 40 percent of the space, Macken Companies anticipates continued exciting leasing activity as the project approaches completion.

Developed in partnership by Dallas-based Trinsic Residential Group and South Florida-based Macken Companies, Aura will play a significant role in revitalizing the City’s Downtown area and its major corridors. Trinsic owns the residential portion of the project, and Macken Companies owns the full commercial component.

Designed by Coral Gables-based Corwil Architects, and taking cues from sustainable design, portions of the building are elevated above street level on a stilt-like framework, referencing the area’s maritime history and coastal environment. The project offers sweeping views of Greynolds Park to the Intracoastal Waterway, Sunny Isles Beach and the Atlantic Ocean. The ground floor will feature a lush courtyard, and the retail has been designed to integrate the surrounding community and improve the walkable streetscape.

Situated at the gateway to North Miami Beach, the project is located directly north of the historic Ancient Spanish Monastery and Arthur Snyder Tennis Court Complex, and in close proximity to the county’s 265-acre Greynolds Park. Aura offers easy access to Biscayne Boulevard, I-95 and all major arteries.

Wolf Co. Real Estate is the exclusive leasing agent for the retail component of Aura North Miami Beach.