CONCOURSE K CONCESSION PROGRAM AT MIA

Aviation and Seaport Committee · 2026-07-13 · resolution

Resolution approving award of a competitive revenue-generating contract, Contract No. EVN0028376, Concourse K Concession Program at Miami International Airport, to OTG MIA Venture, LLC with projected revenue of $62,200,000.00 for an initial 11-year term and one, one-year option to renew for Miami-Dade Aviation Department. The contract provides for the development and management of 17 retail and food and beverage concession spaces encompassing approximately 19,073 square feet in the upcoming Concourse K. The concessionaire will provide financing, design, leasing, tenant coordination, construction and property management. The 17 spaces consist of 11 food and beverage concessions and 6 retail concessions. The contract was adopted by the Board of County Commissioners on 7/21/2026. The RFP was issued on August 5, 2025, and closed on November 17, 2025, with four proposals received. Three proposals were deemed non-responsive by the County Attorney's Office on December 22, 2025. Evaluation meetings were held on January 9, 2026 and January 21, 2026. Negotiations commenced on February 27, 2026 and concluded on May 5, 2026. The concourse is expected to open in 2030. The estimated positive fiscal impact for the initial 11-year term is $55,800,000, with cumulative value of $62,200,000 if the option to renew is exercised. Revenue is based on a percentage fee of 18% for alcohol sales and 12% and 14% for all other retail and food and beverage sales. The vendor is non-local, with a principal address of 352 Park Avenue, 10th Floor, New York, NY. The joint venture partnership is comprised of OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%). Vendors not recommended for award: Blue Mountain Coffee House (non-responsive), Cheeseburger Baby Sobe, Inc. DBA Cheese Burger Baby (non-responsive), Munz Co-MitbahLab-Mr.Edd.CocktailCeviche Gourmet, LLC (non-responsive). No public comment or stakeholder sentiment is stated in the document.