LANDMARK - FOURTH AMENDMENT

Board of County Commissioners · 2026-05-19 · resolution

Miami-Dade County Board of County Commissioners adopted a resolution approving the Fourth Amendment to a Lease and Development Agreement with Landmark QOZB Construction, LLC. The amendment modifies the lease for approximately 92.95 acres of county property located at 20000 NW 47 Avenue, Miami, Florida (Folio Number: 30-1131-001-0030). Key changes include reducing the affordable housing component to no less than 190 units, reducing retail space to a minimum of 24,000 square feet, reducing warehouse space to a minimum of 1,377,000 square feet, and requiring the construction of county-owned recreation and sports facilities (9.16 acres), including an indoor community center (36,550 square feet) and a linear park (14.72 acres). The second renewal option for the lease was increased from 30 years to 37 years. The rent schedule was modified, with an initial annual base rent of $218,136.00, plus percentage rent. The tenant's job creation obligation was reduced from 767 to 100 new full-time equivalent jobs. The amendment also includes provisions for easements and waives certain county code provisions related to appraisals. The project aims for economic development, job creation, and affordable housing.