Real estate mogul, Jeff Soffer and his family have pledged upwards of $15 million dollars to help pay for the construction of an indoor training facility for the University of Miami college football team. This donation will cover about half of the $30 million expected cost of construction of the new football team training grounds. Meanwhile, the University of Miami is looking elsewhere to find financing to cover the remaining half or so of the cost needed to complete its new training facility. University of Miami football coach, Mark Richt has also agreed to pledge a sizeable amount totaling $1 million dollars to the cost of construction.
It is important to note that the University of Miami is one of the few top-tier college football teams that lacks an indoor training ground. Getting one is especially important because the Miami area often sees heavy rain and lightening which prevents the team from practicing outside. The Miami Herald reports that the Soffer family which includes Jeff and his sister Jackie Soffer should become extremely popular and respected among Miami Hurricanes fans after their mega-donation to the team’s new training facility.
Meanwhile, Jeff’s sister and CEO of Turnberry Associates, https://www.crunchbase.com/person/jackie-soffer Jackie Soffer has been appointed to the board of trustees at the University of Miami according to the South Florida Business Journal. Jackie Soffer joins ten other new trustee members who will serve out one-year terms as a trustee member. Ms. Soffer is expected to provide her insight of the business world, real estate, management, and finance to the University of Miami.
Jackie Soffer who serves as the CEO and co-chairman of Turnberry Associates is a leading figure in real estate development right now alongside her brother. Jackie Soffer is currently leading a major renovation project that will see an over 300,000 square foot addition to Turnberry Associates’ Aventura Mall in the Miami metro area. The renovation will see the addition of numerous restaurants, new shops, a rooftop terrace, private lounge and a plaza to the bustling Aventura Mall (read more).
Another project that Jackie Soffer is planning to complete is called SoLē Mia. This development will feature over a million square feet of retail space, over 4,000 housing units, a hotel, parkland, lagoons, restaurants, entertainment venues such as theaters and grocery stores. SoLē Mia is expected to be the biggest real estate development project to be undertaken in the history of North Miami Beach.