DEVELOPMENT LEASE AGREEMENT WITH CR AVIATION

Aviation and Seaport Committee · 2026-06-08 · resolution

Miami-Dade County is approving a Development Lease Agreement (DLA) with CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The agreement allows for the development of aviation hangar facilities and ancillary infrastructure over a 30-year term with a five-year renewal option. CR Aviation is required to invest a minimum of $4,000,000.00, with an estimated $5,188,663.00 in rent and other revenue due to the County over the initial term. The project includes demolition of existing buildings and construction of a 40,000 square foot hangar. The agreement is subject to conditions precedent, including approvals from traffic and consulting engineers and the Federal Aviation Administration (FAA). CR Aviation will also implement a workforce development program and address noise impacts.