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 36 units on 1.24 acres of county-owned property within the Metrorail right-of-way near the Hialeah Metrorail Station. The lease term is 99 years, with projected county revenue of approximately $21,000,000.00 in development fees and rental income. The agreement was introduced on 6/22/2026 and deferred by the Housing Committee on 7/14/2026. The Federal Transit Administration has reviewed and concurred with the project. Public notification requirements were waived.