DEVELOPMENT AND LEASE AGREEMENT WITH PINE DEVELOPMENT

Housing Committee · 2026-07-14 · resolution

Resolution approving a Development Agreement and 99-year Lease Agreement between Miami-Dade County and Pine Development, LLC for a 36-unit affordable housing development on 1.24 acres of vacant 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 developer will pay an annual development fee of $37,000 until lease execution, then annual rent of $37,000 for the first two lease years, increasing by 3% annually from the third year through the 99-year term. Total projected County revenue is $21,145,998.12. The resolution waives Resolution No. R-407-19 (public notice requirement) and Implementing Order 8-4. The Federal Transit Administration has issued written concurrence. Status is Deferred. The Housing Committee deferred the item on 7/14/2026, with a due date of 10/14/2026. Agenda date is 11/17/2026, agenda item number 8N. Introduced 6/22/2026. Requester is Transportation and Public Works. Sponsor is Natalie Milian Orbis. No public comment or stakeholder sentiment is stated in the document.