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 project is divided into two phases, with Phase 1 construction to be completed within 36 months of DLA execution and Phase 2 within 60 months. The agreement is subject to conditions precedent, including approvals from traffic and consulting engineers and the Federal Aviation Administration (FAA). The Aviation and Seaport Committee recommended forwarding the resolution to the Board of County Commissioners with amendments. No public comment is stated in the document.