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

Fontainebleau Miami Beach (Top), Diplomat (Left), and Boca Raton Resort (Right)

SoFla hotels face $4B CMBS debt exposure

From left: Edgardo Defortuna, Stephan Burke, Ron Shuffield, Ana Bozovic, Carol Cassis, and Mark Zilbert

South Florida’s residential sales shift to virtual reality as business slows

From left: Eden Roc and BLT Prime Trump National Doral (Credit: Acroterion/Wikipedia, and Trump International Hotels Management LLC)

Trump National Doral restaurant, Eden Roc hotel lay off hundreds

The city of Miami Beach issued a stay-at-home order (Credit: iStock)

Miami Beach becomes first South Florida city to order residents to stay at home

From left: Miami Beach Mayor Dan Gelber, and Miami-Dade Mayor Carlos Gimenez (Credit: Twitter, Ryan Holloway/ Armando Rodriguez Miami-Dade County Photographers, and iStock)

All hotels, short-term rentals in Miami-Dade ordered to shut down due to coronavirus

5242 North Bay Road and Cyril Matz (Credit: Google Maps)

Waterfront North Bay Road home sells for $7M

4403 Pine Tree Drive with Mendel Fellig and Oren Alexander (Credit: Douglas Elliman, Sean Zanni/Patrick McMullan via Getty Images)

Car insurance mogul flips Miami Beach waterfront estate

Daniel Glass and Eighty Seven Park (Credit: Charley Gallay/Getty Images for Citi)

Music exec, Goldman Sachs director snag condos at Eighty Seven Park