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 retail and food and beverage concession spaces 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 and nine years for operations) and one, one-year option to renew. The concessionaire will provide financing, design, leasing, tenant coordination, construction, and property management. The concession spaces will consist of 11 food and beverage concessions and 6 retail concessions. The concessionaire will manage all aspects of the concessions program. The contract was recommended by the Aviation and Seaport Committee on July 13, 2026, and forwarded to the Board on July 20, 2026. The final action was adoption on July 21, 2026. The estimated positive fiscal impact to the County for the initial 11-year term is $55,800,000. The projected revenue is based on the vendor providing a percentage fee of 18% for alcohol sales and 12% and 14% for all other retail and food and beverage sales, respectively. The vendor, OTG MIA Venture, LLC, is a joint venture partnership comprised of OTG Concessions Management (50%) and KFIT F&B Holdings II, LLC (50%). The vendor's principal address is 352 Park Avenue, 10th Floor, New York, NY. The vendor is non-local. Three other vendors were deemed non-responsive by the County Attorney's Office: Blue Mountain Coffee House, Cheeseburger Baby Sobe, Inc. DBA Cheese Burger Baby, and Munz Co-MitbahLab-Mr.Edd.CocktailCeviche Gourmet, LLC. The concourse is expected to be available by 2030. The item is located within District 6, represented by Commissioner Natalie Milian Orbis, but the impact is countywide. The Living Wage Ordinance applies. The Small Business Enterprise Selection Factor and Local Preference do not apply. The two percent User Access Program does not apply. No public comment or stakeholder sentiment is stated in the document.