DEVELOPMENT AND LEASE AGREEMENT WITH PINE DEVELOPMENT

Housing Committee · 2026-07-14 · resolution

Resolution approving a development and lease agreement with Pine Development, LLC for a 36-unit affordable housing development on 1.24 acres of County-owned property within the Metrorail right-of-way at the intersection of East 21st Street and East 4th Avenue in Hialeah, Florida. The project includes a four-story building with 36 residential units (each approximately 500 square feet) and approximately 1,500 square feet of ground floor retail space. The lease term is 99 years with projected County revenue of approximately $21,145,998.12. The status is Deferred as of the Housing Committee meeting on 7/14/2026. The applicant is Pine Development, LLC. The case file number is 261132. The resolution waives public notice requirements under Resolution No. R-407-19. The development will be rented to households at or below 120% of Area Mean Income for the full 99-year term. The Federal Transit Administration has issued written concurrence. The property is in Commission District 6, represented by Commissioner Natalie Milian Orbis, who is the Prime Sponsor. The item was introduced on 6/22/2026 and is scheduled for the agenda on 11/17/2026 as item 8N. The developer must complete construction within five years of the award or rights revert to the County. The developer will pay an annual development fee of $37,000 until lease execution, then annual rent of $37,000 for the first two lease years, increasing by 3% annually from the third year. The Department of Transportation and Public Works is the requester. The resolution waives Implementing Order 8-4. The County Mayor is Daniella Levine Cava. The Deputy Mayor is Roy Coley. The County Attorney assigned is Bruce Libhaber. The developer is a Florida limited liability company. The property was acquired with partial federal funding. The developer must incorporate the HIA-LINE project in coordination with the City of Hialeah. The estimated total revenue is $21,145,998.12. The development will be constructed at the sole expense of the developer. The developer must submit detailed construction plans for DTPW approval. The Miami-Dade Department of Housing and Community Development will administer the income restrictions. Due diligence found no adverse findings. The project is within walking distance of the Hialeah Metrorail Station. The development includes parking spaces and landscaped green space under the guideway. The resolution authorizes the County Mayor to execute the agreements. The County Property Appraiser will receive a copy of the agreements within 30 days of execution. The development is on vacant property. The building is adjacent to the Metrorail guideway. The proposal was unsolicited. The lease becomes effective upon satisfying all conditions precedent and obtaining all required development approvals and building permits. The annual rent increase is three percent. The development fee is paid from award until lease execution. The project is a non-competitive award under Section 125.379 of the Florida Statutes. The resolution was deferred at the Housing Committee on 7/14/2026. The agenda date is 11/17/2026. The item number is 8N. The file type is Resolution. The status is Deferred. The version is 0. The cost is not stated. The final action is not stated. The effective date is not stated. The expiration date is not stated. The registered lobbyist is none listed. The sunset provision is no. The indexes are none. The reference is not stated. The control is not stated. The notes are not stated. The legislative history includes assignments to County Attorney on 6/23/2026 and Office of Agenda Coordination on 6/22/2026. The report notes DTPW - No sponsor - pending July cmte - County attorney Bruce Libhbaer - attachments: attachment C- pgs 378. The public comment or stakeholder sentiment is not stated.