Complex sentence: In April 1995, Risk burned down and seven months later he opened, with Ingrid Casares, a second nightclub, called "Liquid", which became a center of Miami's South Beach nightlife in the 1990s.
Split into simpler sentences: In April 1995, Risk burned down and seven months later he opened a second nightclub, "Liquid". Liquid became a center of Miami's South Beach nightlife in the 1990s.