Soffers expected to give $15M to University of Miami football facility

Miami /
Sep.September 19, 2016 09:45 AM

The Soffers are expected to contribute about half of the funds needed for a $30 million indoor football facility planned for the University of Miami.

The Miami Herald reported that billionaire developer Jeffrey Soffer and his family will be announced as the lead donor of the practice facility the university plans to complete by 2018.

Coach Mark Richt is giving $1 million, and UM is working on funding the remaining roughly $14 million.

Jeffrey and Jackie Soffer lead Turnberry Associates, the Aventura-based real estate development firm. Turnberry is currently preselling Turnberry Ocean Club and is in the midst of expanding Aventura Mall with a new three-story wing.

The firm is also partnering with Richard LeFrak on SoLē Mia, a 183-acre, $4 billion mixed-use development planned for the former Biscayne Landing landfill in North Miami. When completed, it will include 12 residential buildings, 4,390 residential units, more than 1 million square feet of commercial space, 37 acres of parks, two swimmable lagoons, and 4,171 parking spaces. [Miami Herald] – Katherine Kallergis


Related Articles

arrow_forward_ios
Broker Jamie Maniscalco and Russell Galbut with 2901 Northeast Second Avenue
Russell Galbut closes on missing piece of his Edgewater assemblage
Russell Galbut closes on missing piece of his Edgewater assemblage
Billionaire developer Donald Soffer sells Palm Beach Gardens estate
Billionaire developer Donald Soffer sells Palm Beach Gardens estate
Billionaire developer Donald Soffer sells Palm Beach Gardens estate
Which presidential hopefuls do South Florida developers support?
Which presidential hopefuls do South Florida developers support?
Which presidential hopefuls do South Florida developers support?
Condo, casino developers bet again on Las Vegas
Condo, casino developers bet again on Las Vegas
Condo, casino developers bet again on Las Vegas
Fontainebleau faces possible default claim
Fontainebleau faces possible default claim
Fontainebleau faces possible default claim
Vegas hotel art bill at $5 million
Vegas hotel art bill at $5 million
Vegas hotel art bill at $5 million
Renderings of 1625 Ocean. (U.S. Construction)
US Construction scores $45M construction loan for Delray Beach condos
US Construction scores $45M construction loan for Delray Beach condos
From left to right: Heinrich von Hanau, James Ferraro and Thomas Lauria (Palazzo Del Sol, The Ferraro Law Team, White & Case)
Miami-Dade judge nixes Fisher Island lawsuit, paving way for new condo project
Miami-Dade judge nixes Fisher Island lawsuit, paving way for new condo project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...