DEVELOPMENT LEASE AGREEMENT WITH MQ TMB HOLDINGS

Aviation and Seaport Committee · 2026-06-08 · resolution

Miami-Dade County is approving a Development Lease Agreement (DLA) with MQ TMB Holdings, LLC for a 310,026 square foot parcel of land at Miami Executive Airport. The project involves the development of aviation hangar facilities, taxi lane, and ancillary infrastructure, with a minimum investment of $7,000,000.00. The lease term is 25 years with a five-year renewal option. The development will occur in two phases, with the first phase including hangars, office space, and infrastructure, and the second phase including an aviation school and FBO terminal. The County anticipates projected revenue of $6,372,695.00 over the initial term. The Aviation and Seaport Committee recommended forwarding the resolution to the Board of County Commissioners with amendments. The project requires approval from the Traffic and Consulting Engineers and the Federal Aviation Administration (FAA).