North Beach Yard is called off amid partnership split

Miami Beach City Manager Jimmy Morales told commissioners that the founders had not complied with several terms of the lease

Miami /
Aug.August 13, 2019 11:30 AM
Della Heiman and North Beach Yard

Della Heiman and North Beach Yard

The music has stopped for North Beach Yard.

The entertainment and food venue that was supposed to replicate Wynwood Yard will not open, after Miami Beach City Manager Jimmy Morales informed commissioners he is terminating the lease agreement, according to RE Miami Beach.

On June 6, Morales told commissioners that founders Della Heiman and Ken Lyon had not complied with several terms of the lease, including providing a security deposit. They also failed to provide proof of financing and a performance bond, which was due on November 20, 2018, according to RE Miami Beach.

Heiman and Lyon also missed a deadline in November to provide leases and financing information for container structures to be used on the site, according to Morales.

The Miami Herald further reported that founders Heiman and Lyon have split.

North Beach Yard, Miami Beach’s proposed version of the hip Wynwood Yard in Miami, planned to have up to two dozen food and beverage operators and 20 retailers, according to the plans submitted to the city. It was planned to open on a public lot at 81st Street and Collins Avenue.

Wynwood Yard was a popular hangout with live music and an array of food trucks. It closed earlier this year after Lennar Corp bought the site for $17 million, with plans to build an 11-story, 189-unit apartment building. [Miami Beach RE]Keith Larsen


Related Articles

arrow_forward_ios
 Matthew Whitman Lazenby with 7825 Atlantic Way (Blue Ocean Photography, iStock)
Bal Harbour Shops owner upgrades to oceanfront estate in Miami Beach
Bal Harbour Shops owner upgrades to oceanfront estate in Miami Beach
46 Star Island Drive (Google Maps)
Iacovelli finds a buyer for his Star Island mansion once asking $65M
Iacovelli finds a buyer for his Star Island mansion once asking $65M
Westime owner Jean Simonian and Washington Park Hotel. (Facebook via Westime and Washington Park Hotel)
Ladder Capital sells Witkoff’s Miami Beach hotel for $44M
Ladder Capital sells Witkoff’s Miami Beach hotel for $44M
Don Peebles and the Bath Club (Getty, Peebles Corp.)
Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
Vlad Doronin, Len Blavatnik and a rendering of Aman Miami Beach (Getty)
Aman Miami Beach secures another approval tied to luxury hotel and condo project
Aman Miami Beach secures another approval tied to luxury hotel and condo project
(Google Maps, Ritz Carlton)
Miami-Dade condo sales and dollar volume dip in mid-February
Miami-Dade condo sales and dollar volume dip in mid-February
German Rosete with 70 North Hibiscus Drive (Getty, Douglas Elliman)
Mexican film producer buys Hibiscus Island mansion
Mexican film producer buys Hibiscus Island mansion
Joel Meyerson and 4721 Pine Tree Drive, Miami Beach (Google Maps)
Private equity honcho and designer buy waterfront Pine Tree Drive lot for $11M
Private equity honcho and designer buy waterfront Pine Tree Drive lot for $11M
arrow_forward_ios

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

Loading...