GROUND LEASE RE RESIDENCES AT LUMMUS PARC LLC

Board of County Commissioners · 2026-06-02 · resolution

Miami-Dade County Board of County Commissioners adopted a resolution approving and authorizing the execution of a 99-year amended and restated ground lease and a consulting agreement for the redevelopment of the Gallery at Lummus Parc (Phase 1) and Residences at Lummus Parc (Phase 2). Phase 1 involves 257 units and a parking garage, with 57 RAD units transferred. Phase 2 involves 182 units, including 23 RAD units. The total estimated amount for the Phase 1 consulting agreement is $354,566,874.00. The County Mayor is authorized to negotiate and execute the Phase 2 lease and consulting agreement without further board approval. The project is a Rental Assistance Demonstration (RAD) conversion and redevelopment. Previously, Resolution R-809-22 awarded development rights to RUDG, LLC for this property, and Resolution R-696-24 authorized seeking HUD approval to transfer RAD units. HUD approved the transfer on September 30, 2025. A scrivener's error corrected the address in a whereas clause to 25 NW North River Drive.