Miami's popular nightclub Club Space is more than a club
Redefining Club Space
Miami’s popular nightclub broadens its reach.
In a small area around 11th Street in downtown Miami’s entertainment district, the city allows 24-hour liquor licenses, and the 24-hour Club Space has built its reputation in part on long parties and performances. On a typical weekend, some 3,000 people patronize the nightclub. There aren’t a lot of places where you can “experience the sunrise during a party,” says Coloma Kaboomsky, co-owner of the club.
When Club Space opened in 2000, the surrounding area was desolate. There were no residents in the area, and it was largely closed on weekends. Not any more. Club Space shares its block with two other popular clubs, E11even and Heart, as well as a restaurant and all-day coffee shop.
Kaboomsky and his partners, Davide Danese and David Sinopoli, were already well-known underground music promoters when they bought the club in late 2016, from its second owners. Club Space was not doing well. The trio added live acts to what had primarily been a DJ-only venue.
The new owners also focused on improving what Kaboomsky calls the “hospitality” of the club, including training its 150 employees, lowering prices for water and ATM fees and creating a robust non-alcoholic drink menu. In addition, Club Space hosts about 100 people at free weekly yoga classes on its open-air terrace.
Kaboomsky’s vision for Club Space: “It’s definitely not just a club or a venue. It’s a center for culture.”
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- Ryder System hired former OneMain Financial CFO Scott T. Parker as its CFO, replacing the retiring Art Garcia.
- Tokyo-based SoftBank Group created the $5-billion SoftBank Innovation Fund, the largest technology fund focused on Latin America.
- Miami-based private equity firm H.I.G. Capital acquired weight loss company Jenny Craig.
- The Miami International University of Art & Design will move to a new campus on property owned by developer Moishe Mana in downtown Miami’s historic Flagler district.
- Mike Allen will become Barry University’s first male and first non-clergy president when he takes over from Sister Linda Bevilacqua in July; Allen is currently vice president for student affairs at the Catholic University of America in Washington, D.C.
- A partnership between Baptist Health South Florida and Houston-based Belmont Village Senior Living will develop senior living communities in the region.
- Holland & Knight named partner Wifredo A. “Willy” Ferrer executive partner of its 260-person Miami office.
- Shutts & Bowen named John E. Meagher managing partner of its 240-person Miami office.
- The FBI set up an international corruption squad office in Miami (its fourth nationwide), with a focus on white-collar criminals with South American connections.
- VC firm Florida Funders, which invests in early-stage companies in the state, launched its first Miami Investor Summit with 130 accredited investors in April.
- Startup builder LAB Ventures is raising a $50-million fund to invest in real estate industry startups.
- Oolite Arts, formerly ArtCenter/ South Florida, will develop an artistic campus on property it recently purchased in Miami’s West Little River area; it sold its building on Miami Beach’s Lincoln Road for $88 million in 2014.
- The city of Miami broke ground on a project to mitigate flooding in a low-lying area of the Coconut Grove neighborhood, using a new drainage system, raising roadways and constructing new driveway approaches and concrete curbs. It’s the first project conducted with Miami Forever Bond money. Also with an eye toward dealing with sea-level rise, the city approved changes to its zoning code to allow construction and redevelopment to raise habitable structures up to five feet above base flood elevation and to allow first-floor retail spaces to have additional height.
- Siblings Jackie Soffer and Jeff Soffer have split up the Turnberry real estate development company. Jackie remains CEO and chairman of Turnberry, the owner of Aventura Mall and a partner in the Miami Beach Convention Center hotel. Jeff is launching Fontainebleau Development, which will own most of what were Turnberry’s hospitality assets and will expand the Fontainebleau Miami Beach resort brand internationally. They continue to share ownership of several properties, including SoLé Mia.
- New Jersey-based developer RBH Group has proposed a mixed-used Teachers Village near downtown Miami; it would include 251 affordably priced apartments for teachers, office space, a hotel and 45 condos.
- Residential real estate brokers The Jills and The Zeder Team merged to form a company called The Jills Zeder Group. The two teams have closed more than $5 billion in real estate sales.
- Magnum Construction Management, the general contractor on the Florida International University pedestrian bridge that collapsed and killed six people in 2018, has filed for Chapter 11 reorganization.
- Sidney Levin
Sidney Levin, a Miami business and community leader who was co-founding chair of the Beacon Council and led the region’s recovery from Hurricane Andrew as chairmanelect of the Greater Miami Convention & Visitors Bureau, died at age 83. Levin also served as secretary of commerce under Gov. Bob Graham and was an executive at FPL.
Read more in Florida Trend's June issue.
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