DEVELOPMENT AND LEASE AGREEMENT WITH PINE DEVELOPMENT

Housing Committee · 2026-07-14 · resolution

Resolution to approve 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 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 was deferred by the Housing Committee on 7/14/2026 to the 10/14/2026 meeting. The proposed development includes a four-story building with 36 residential units (approximately 500 square feet each) and approximately 1,500 square feet of ground floor retail space. Units are proposed for households at or below 120% of Area Median Income (AMI). The lease term is 99 years with projected County revenue of approximately $21,145,998.12 from development fees and rental income. Annual development fee of $37,000.00 until lease execution, then annual rent of $37,000.00 for first two lease years, increasing by 3% annually from the third year. The developer must complete construction within five years of award or rights revert to the County. The Federal Transit Administration has issued written concurrence. The developer is required to implement and incorporate the HIA-LINE project in coordination with the City of Hialeah. Public comment concerns included: Commissioner Regalado's concerns about the City of Hialeah's High Line plans, lack of developer contribution to the High Line, the unsolicited proposal process, and lack of community benefits package; Commissioner Bermudez noted the new Hialeah Mayor Bryan Calvo was not consulted; Chairwoman Bastien questioned affordability at 120% AMI (noting a one-person household would need $114,480/year and a family of four $163,440/year to qualify) and the discrepancy between senior housing designation and workforce pricing; Vice Chairwoman Lopez raised concerns about the AMI framework and absence of a community benefits package; Commissioner McGhee stated the $163,000 threshold for a family of four could not credibly be called affordable. The deferral was moved by Chairwoman Bastien, seconded by Vice Chairwoman Lopez, and passed.