GROUND LEASE AGREEMENT FOR COUNTY-OWNED LAND LOCATED ON PHT

Board of County Commissioners · 2026-07-21 · resolution

Miami-Dade County Commission adopted a resolution approving the bifurcation of a ground lease agreement for county-owned land. The project involves workforce and affordable housing development on a portion of Folio Nos. 01-3135-045-0010 and 01-3135-045-0020. The original Master Lease was for 3.3 acres at 1500 NW 12th Avenue, Miami, Florida. This action specifically approves the Phase 2 Lease with Residences at Wagner Creek, LLC (affiliated with RUDG, LLC). Key changes from the original plan include refurbishing existing Jackson Medical Towers into 358 residential units (instead of demolishing and building new), modifying the workforce housing percentage, eliminating a hotel tower, and changing the initial rent payment to a capitalized lease payment estimated at $41,331,973. The construction completion for Phase 2 is accelerated to December 2029. The Public Health Trust is authorized to administer the lease.