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 revenue to the County 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 Federal Transit Administration has issued written concurrence. The development will be rented to residents with household incomes at or below 120% of Area Mean Income for the full 99-year term. The developer must complete construction within five years of the award or rights revert to the County. The property is in Commission District 6, represented by Commissioner Natalie Milian Orbis. The item was introduced on 6/22/2026 and is scheduled for the agenda on 11/17/2026 as item 8N. The resolution also waives Implementing Order 8-4. 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 three percent annually from the third lease year. The County Mayor or designee is authorized to execute the agreements. The County Property Appraiser is to receive a copy of the agreements within 30 days of execution. The project is located near the Hialeah Metrorail Station. The developer must submit detailed construction plans for DTPW approval. The developer must incorporate the HIA-LINE project in coordination with the City of Hialeah. No public comment or stakeholder sentiment is stated in the document.