CONCOURSE K CONCESSION PROGRAM AT MIA

Aviation and Seaport Committee · 2026-07-13 · resolution

The Board of County Commissioners adopted Resolution R-655-26, File Number 261157, approving the award of Contract No. EVN0028376, the Concourse K Concession Program at Miami International Airport, to OTG MIA Venture, LLC. The contract is for the development and management of 17 concession spaces (11 food and beverage, 6 retail) encompassing approximately 19,073 square feet in the upcoming Concourse K. The projected revenue is $62,200,000.00 for an initial 11-year term (two years for construction, nine years for operations) and one, one-year option to renew. The contract was awarded to OTG MIA Venture, LLC, a joint venture of OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%), with a principal address of 352 Park Avenue, 10th Floor, New York, NY. The final action was taken on July 21, 2026. The estimated positive fiscal impact for the initial 11-year term is $55,800,000. The concessionaire will provide financing, design, leasing, tenant coordination, construction, and property management. The concession spaces are expected to be available by 2030. The RFP was issued August 5, 2025, with proposals due November 17, 2025. Three proposals were deemed non-responsive by the County Attorney's Office on December 22, 2025. Negotiations ran from February 27, 2026 to May 5, 2026. The Living Wage Ordinance applies. The item was sponsored by Danielle Cohen Higgins. The vendor is non-local with 0% employee residents in Miami-Dade County. The project is located within District 6, represented by Commissioner Natalie Milian Orbis, but the impact is countywide.