LANDMARK - FOURTH AMENDMENT

Board of County Commissioners · 2026-05-19 · resolution

Miami-Dade County Board of County Commissioners adopted a resolution approving the Fourth Amendment to a Lease and Development Agreement with Landmark QOZB Construction, LLC. The amendment pertains to approximately 92.95 acres of county property located at 20000 NW 47 Avenue, Miami, Florida. The project involves a mixed-use development including affordable housing, retail space, warehouse space, and recreational facilities. Key modifications include an increase in the second renewal option from 30 to 37 years, a revised rent schedule with an initial annual base rent of $218,136.00 plus percentage rent, a reduction in affordable housing units to no less than 190, a reduction in retail space to a minimum of 24,000 square feet, and a reduction in warehouse space to a minimum of 1,377,000 square feet. The agreement also mandates the construction of county-owned recreation and sports facilities, including athletic fields, an indoor community center of at least 36,550 square feet, and a linear park of at least 14.72 acres. The tenant's job creation obligation was reduced from 767 to 100 new full-time equivalent jobs. The amendment also includes provisions for easements and waives certain county code provisions related to appraisals. Public comment sentiment is not stated in the document.