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. Key changes include modifications to the mixed-use project, reducing affordable housing to no less than 190 units, retail space to a minimum of 24,000 square feet, and warehouse space to a minimum of 1,377,000 square feet. The project will now include county-owned recreation and sports facilities (9.16 acres), an indoor community center (at least 36,550 square feet), and a linear park (14.72 acres). The lease renewal option was extended from 30 years to 37 years for the second renewal. The initial annual base rent is $218,136.00, with percentage rent added. The tenant's minimum development investment is reduced to $310,000,000.00, and the job creation obligation is reduced to 100 new full-time jobs. The amendment also includes provisions for easements and waives certain county code provisions related to appraisals for additional acreage. Public comment is not stated in this document.