$500 Million Mixed-Use Project Planned on 147-Acre Site Near Miami Gardens

A company led by Juan Carlos Mas, a member of the prominent Mas family with stakes in MasTec, has proposed a $500 million mixed-use development on 146.8 acres of county land just west of Miami Gardens at 20000 Northwest 47th Avenue. The project is planned to include workforce housing, retail, a hotel, warehouses, and recreational sports facilities. The Miami-Dade County Commission is set to review the transfer of the land lease from 13 Pista LLC to Mas’ entity, Landmark QOZB Construction LLC, on November 6, according to the South Florida Business Journal.

Mas, who chairs the Coral Gables-based Mas Group of Cos. and Synergy Equipment, also holds shares in MasTec and is the brother of Jorge and Jose Mas, who have taken leading roles in the Inter Miami CF development. The brothers are responsible for Miami Freedom Park, a mixed-use project centered around a soccer stadium, parks, and hospitality and retail venues.

The opportunity for Mas’ project arose after 13 Pista LLC, the original leaseholder, defaulted on its agreement with the county, which initially intended the site for Drivers Club Miami, a two-mile track designed for auto enthusiasts. Meanwhile, a similar venture, the Concours Club at Miami-Opa Locka Executive Airport, has since opened and is operational. In December 2022, the county issued a lease termination notice to 13 Pista LLC. However, in November 2023, the firm submitted a proposal to transfer the lease to Mas’ company.

Under the terms of the proposed deal, Mas’ Landmark QOZB Construction would assume the lease for 73.8 acres, with the potential to add another 73 acres. Financially, the agreement outlines a 30-year lease with two 30-year renewal options. The first year’s rent would be $181,645, increasing over time, contributing to an estimated $17.33 million in rent payments across the lease term. Mas’ company would also cover $367,104 in past-due rent, $1.34 million for demolition costs, and $1.37 million in liquidated damages on behalf of 13 Pista LLC.

Other obligations include collaborating with two nonprofits on-site, His House and the Center for Family and Child Enrichment, to provide 13 acres for new facilities. The county is set to contribute up to $3.08 million for the relocation of His House, while Mas’ firm would pay $4.4 million if the nonprofits stay on-site, or up to $12.9 million if they relocate.

The project’s plans call for at least 1,000 multifamily units for households earning 120% or more of the area median income, along with a 65,000-square-foot sports and entertainment-focused retail area, over 1 million square feet of warehouse space, 100 hotel rooms, and 20 acres dedicated to recreational facilities, including a sports complex. A 25,000-square-foot community center, privately owned but open to the public, is also planned. The development is set to unfold over six phases, with the initial phase focused on recreational and sports facilities.

A specific site plan for the project has yet to be filed, with details expected later in the process.

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