DEVELOPMENT AND LEASE AGREEMENT WITH PINE DEVELOPMENT

Housing Committee · 2026-07-14 · resolution

Resolution approving a development and lease agreement with Pine Development, LLC for a 36-unit affordable housing development on 1.24 acres of County-owned property within the Metrorail right-of-way at the intersection of East 21st Street and East 4th Avenue in Hialeah, Florida. The project includes a four-story building with 36 residential units (each approximately 500 square feet) and approximately 1,500 square feet of ground floor retail space. The lease term is 99 years with projected County revenue of approximately $21,145,998.12. The status is Deferred as of the Housing Committee meeting on 7/14/2026. The applicant is Pine Development, LLC. The case file number is 261132. The resolution waives public notice requirements under Resolution No. R-407-19. The Federal Transit Administration has issued written concurrence. The development will be rented to households at or below 120% of Area Mean Income for the full 99-year term. The developer must complete construction within five years of award or rights revert to the County. The property is in Commission District 6, represented by Commissioner Natalie Milian Orbis, who is the Prime Sponsor. The resolution was introduced on 6/22/2026 and the agenda date is 11/17/2026. The staff recommendation is to approve. The document does not state any public comment or stakeholder sentiment.