"[6] SM Aura is built on a land that was involved in a dispute between the Bases Conversion and Development Authority (BCDA) and the Taguig local government.

This was resolved when the BCDA and the local government signed agreements in 1999 and 2004, transferring several parcels of land in Fort Bonifacio to Taguig in exchange for the encroached area.

The local government and SMPHI entered a lease agreement on November 21, 2007, and August 1, 2008, with the Deed of Conveyance in 2008 transferring the land to Taguig without restrictions on its use.

[17] Designed by Miami-based architectural firm Arquitectonica, the structure would be a basic “dumbbell” arrangement determined by the narrow site, with the main entry at the north corner, and the office tower located at the southern end.

The main vehicular drop-off is provided on the western side, with taxi stations on the first basement level, accessed from the lower, eastern road.

The Director's Club was closed on May 2023 and relocated at the area of the former regular cinemas and re-opened on December 2023, equipped with Ferco Verona recliner seats and Dolby Atmos surround sound system.

In January 2022, the IMAX theater temporarily operated as a "Large Screen Format" (with films shown in non-IMAX DMR releases) due to undisclosed reasons.

[25] It has been graced by multiple international acts such as D'Sound (first performers at the venue),[26] Sungha Jung, Mayday Parade, Charli XCX, Metric, Before You Exit, Oh Wonder, Why Don’t We, and iKon.

[28] Opened in September 2014,[29] the SM Aura Tower is built according to international green standards, with efficient use of energy and sustainable operation features.

[31] As part of Bonifacio Civic Center, the tower also houses several government offices such as Social Security System, PhilHealth, Pag-IBIG Fund (Home Development Mutual Fund), Philippine Postal Corporation, Bureau of Immigration, Land Registration Authority and Taguig City Government, where the Taguig City Council also holds sessions.

SM Aura is also the first and sole mall to be certified Gold under Leadership in Energy and Environmental Design (LEED) for its green features in the retail sector in the Philippines.

[33][34][35] The LEED Certification is an internationally recognized standard awarded to institutions that follow the strict regulations governing green architecture and construction.