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 of approximately 500 square feet each 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 Resolution No. R-407-19 requiring public notification prior to non-competitive lease of County-owned property. The Federal Transit Administration has issued written concurrence. The development will be located within the Metrorail corridor and will incorporate the HIA-LINE project. The 36 units will be rented to households with incomes at or below 120% of Area Mean Income for the full 99-year term. The annual development fee is $37,000.00 until lease execution, then annual rent of $37,000.00 for the first two lease years, increasing by three percent annually from the third lease year. The property is in Commission District 6, represented by Commissioner Natalie Milian Orbis, who is the Prime Sponsor. The developer must complete construction within five years of the award date or rights revert to the County. The County Mayor is Daniella Levine Cava. The staff recommendation is to approve. The item was introduced on 6/22/2026 and the agenda date is 11/17/2026. The Housing Committee deferred the item on 7/14/2026 with a due date of 10/14/2026. The requester is Transportation and Public Works. The monitor is Javier Bustamante, Assistant Director, Project Management and Support Services, DTPW. Due diligence found no adverse findings. The property was acquired with partial federal funding. The development will be constructed at the sole expense of the developer. The development will include parking spaces and landscaped green space under the guideway. The resolution authorizes the County Mayor to execute the agreements and provide copies to the County Property Appraiser within 30 days of execution. The resolution waives Implementing Order 8-4. The development is adjacent to the Metrorail guideway and within walking distance of the Hialeah Metrorail Station. The developer must submit detailed construction plans for DTPW approval. The rental restrictions will be administered by the Miami-Dade Department of Housing and Community Development. The estimated total revenue is $21,145,998.12. The development fee and rent are specified. The resolution is pursuant to Section 125.379 of the Florida Statutes. The developer is a for-profit corporation. The lease becomes effective upon satisfying all conditions precedent and obtaining all required development approvals and building permits. The resolution includes renewal and termination provisions. The County Attorney assigned is Bruce Libhaber. The report notes DTPW - No sponsor - pending July cmte - County attorney Bruce Libhbaer - attachments: attachment C- pgs 378. The sponsor is Natalie Milian Orbis. No registered lobbyist is listed. The effective date and expiration date are not stated. The sunset provision is No. The final action is not stated. The cost is not stated. The reference and control are not stated. The version is 0. The agenda item number is 8N. The notes are blank. The indexes are NONE. The legislative history includes actions by the Housing Committee, County Attorney, Roy Coley, and Office of Agenda Coordination. The item was assigned to the County Attorney on 6/23/2026 with a due date of 7/2/2026. Roy Coley assigned the item on 6/22/2026 to the Office of Agenda Coordination. The Office of Agenda Coordination assigned the item to the County Attorney on 6/22/2026 with a due date of 9/1/2026. The Housing Committee deferred the item on 7/14/2026 with a due date of 10/14/2026. The pass/fail is not stated. The document does not state any public comment or stakeholder sentiment.