uy Saks Fifth Avenue Gift Cards The battle between Saks Fifth Avenue and Bal Harbour Shops in north Miami is heating up.

According to the complaint that it filed with the Circuit Court for the Eleventh Judicial Circuit on August 17 (as first reported by Bloomberg) Bal Harbour Shops asserts that despite entering into a since-modified lease agreement back in June 1974 for space in the Miami mall Saks has not paid rent since March 16 2020. “Pursuant to the lease,” Bal Harbour Shops states that Saks “is not obligated to pay any ‘minimum rent,’” per se but is “obligated to pay ‘percentage rent’ in amounts determined by [its] ‘net sales’ from the Saks premises,” as well as “certain ‘pass-through’ expenses relating to common area expenses real estate taxes and marketing fraud charges.”

Harry Benitah’s projects include Buena Vista Flats and a 5,000-square-foot building at 3620 Northeast Second Avenue in the Miami Design District. In 2016 the Benitahs sold their Bay Point house to Miami Heat star Goran Dragic for $7.9 million.

Saks also indicated that the suit asserts that in an effort to increase pressure on the retailer to resolve a dispute related to lease payments during the COVID-19 pandemic Lazenby disclosed confidential information provided by Saks Fifth Avenue to Bal Harbour in accordance with its lease agreement.

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