DEVELOPMENT AND LEASE AGREEMENT WITH PINE DEVELOPMENT

Housing Committee · 2026-07-14 · resolution

Miami-Dade County deferred a resolution approving a development and lease agreement with Pine Development, LLC for an affordable housing project. The project involves developing a 36-unit affordable housing development on 1.24 acres of county-owned property within the Metrorail right-of-way. The lease agreement is for 99 years, with projected revenue to the county of approximately $21,000,000.00 in development fees and rental income. The Housing Committee deferred the item on 7/14/2026.