The University of Miami was excited to announce the lead contributors of $15 million that will help to build a much-needed $30 million indoor football practice facility. They are Jeffrey and Jackie Soffer, who are siblings, co-CEOs, and business partners of the renowned and prominent real estate development company Turnberry Associates, which was founded by their father Donald. They will be donors along with their philanthropic family. The brother and sister carry on the tradition and legacy of Donald, who always built quality and always said that reputation is everything.
The full-scale facility will also include coaches’ offices and a weight room. It is essential as UM needs a place for its football team to practice during the frequent disrupting torrential rain and lightning that occurs in the area. UM is the only school in the Atlantic Coast Conference that is without such an indoor practice facility. For example, Florida State opened its in 2013 and the University of Florida unveiled its in August of 2015.
The South Florida billionaire Soffer family also owns a majority interest in the Fontainebleau Miami Beach which got a $1 billion renovation and expansion, a large percentage of the Aventura Mall which had originally been 785 acres of swampland, luxury homes and high-rise condos, apartments, offices, hotels, created the first high-rise condominium overlooking The Strip in Las Vegas, and many other far-flung properties. Jeffrey travels throughout the world with his supermodel wife, Elle Macpherson, and often flies their private plane for the many and varied business purposes.
The Soffers, along with developer Richard LeFrak, are building a $4 billion development on a 183-acre site at 15045 Biscayne Boulevard. It will have over one million square feet of commercial and retail space, up to 4,390 residential units, a lifestyle center, lagoons, and schools.
UM is working on generating the needed remaining financing for the facility, Coach Mark Richt is contributing $1 million, and the Hurricanes are hoping to have it all completed by 2018.