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

TRD 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
Phil Collins, Orianne Collins, and 5800 North Bay Road (Credit: Tim Chapman/Getty Images, and John Parra/Getty Images)

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
6493 Allison Road (Credit: Douglas Elliman)

One Thousand Museum developer sells Allison Island home

One Thousand Museum developer sells Allison Island home
Greg Mirmelli with 2120 Bay Avenue (Credit: John Parra/Getty Images)

Miami Beach investor sells waterfront home for $18M, following bidding war

Miami Beach investor sells waterfront home for $18M, following bidding war
Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
1500 West 21st Street and Todd Glaser (Glaser by Mary Beth Koeth, Todd Michael Glaser)

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
Domio Wynwood, Gustavo Miculitzki, and Jon Paul Pérez (Credit: Alberto Tamargo/Getty Images)

Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M

Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M
arrow_forward_ios

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

Loading...