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

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

Russell Galbut and Mondrian South Beach condo-hotel

Galbut sells 50% stake in Mondrian South Beach

120 West Rivo Alto Drive, Julian Johnston and Silke Dietrich

Beauty moguls buy Venetian Islands spec home for $12M

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach sues own board to overturn decision on Crescent Heights’ and Terra’s proposed condo tower

55 Palm Avenue (Credit: Realtor and iStock)

Metals executive mines Miami Beach home

2021-2035 Meridian Avenue, Rani Hussami and Colin Rockson

AquaBlue Group owner lists South Beach apartments for $14M

Moishe Mana and a rendering of 420 South Hibiscus Drive (Credit: Getty Images and iStock)

Moishe Mana sells Hibiscus Island home for $12M

100 La Gorce Drive, Carolyn Aronson and Jeff Aronson

Cash4Gold founder drops $20M on Miami Beach estate

Len Blavatnik, 3425 Collins Avenue and Vlad Doronin (Credit: Google Maps, Getty, Wikipedia Commons)

Len Blavatnik teams with Vlad Doronin on Aman-branded towers in Faena District