DEVELOPMENT LEASE AGREEMENT WITH MQ TMB HOLDINGS

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

Miami-Dade County is approving a Development Lease Agreement with MQ TMB Holdings, LLC for a 310,026 square foot parcel at Miami Executive Airport. The project involves the development of aviation hangar facilities, taxi lane, and ancillary infrastructure, with a minimum investment of $7,000,000.00. The lease term is 25 years with a five-year renewal option. The county anticipates $6,372,695.00 in projected revenue over the initial term. The development will be completed in two phases, with the first phase including hangars, office space, and infrastructure, and the second phase including an aviation school and FBO terminal. The agreement is subject to conditions precedent, including approvals from traffic and consulting engineers and the Federal Aviation Administration (FAA). Public comment is not stated in this document.