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. This amendment modifies the lease for 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 changes include reducing the affordable housing component to no less than 190 units, reducing retail space to a minimum of 24,000 square feet, reducing warehouse space to a minimum of 1,377,000 square feet, and requiring the construction of 9.16 acres of recreation and sports facilities, an indoor community center of at least 36,550 square feet, and a 14.72-acre linear park. The second renewal option for the lease was increased from 30 years to 37 years. The initial annual base rent is $218,136.00, with percentage rent also added. 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 is not stated in this document.