CONTRACTPENDING

Miami Gardens Proposes Hotel Garage Lease With P3 Markets

Disclosed value: $18,618,183 lease rate; $5,000,000 purchase option; From agenda
Document date: Oct 24, 2026

What it covers

Miami Gardens is considering a 50-year ground lease with P3 Markets LLC for a hotel and parking garage development on City-owned property. The proposed lease carries an aggregate stated lease rate of $18,618,183 and includes a 50-year renewal option.

Who holds it

P3 Markets LLC holds this facilities contract with City of Miami Gardens.

What happens next

Term as filed: 50-year initial lease term, with one optional 50-year renewal term.

See who signed off on this contract.

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Contract details

Contract type: Facilities
Amount: $18,618,183 lease rate; $5,000,000 purchase option
Document date: October 24, 2026
Term: 50-year initial lease term, with one optional 50-year renewal term
Vendor: P3 Markets LLC
Agency: City of Miami Gardens
Source document: City of Miami Gardens Agenda 2026-10-28 (Agenda)

P3 Markets LLC's other public contracts

City of Miami Gardens, FloridaMiami Gardens Awards Hotel Garage Development RFP · Oct 24, 2026Undisclosed City of Miami Gardens, FloridaHotel and Parking Garage RFP Awarded to P3 Markets · Apr 22, 2026Undisclosed City of Miami Gardens, FloridaHotel and Garage Project Awarded to P3 Markets LLC · Apr 22, 2026Undisclosed City of Miami Gardens, FloridaCity Awards Hotel & Garage RFP to P3 Markets · Mar 25, 2026Undisclosed City of Miami Gardens, FloridaHotel & Parking Garage Contract Awarded to P3 Markets LLC · Mar 25, 2026Undisclosed All P3 Markets LLC contractsVendor profile

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Questions about this contract

Who was awarded the facilities contract by City of Miami Gardens?

P3 Markets LLC was awarded this facilities contract by City of Miami Gardens, as recorded on October 24, 2026. The contract value is $18,618,183 lease rate; $5,000,000 purchase option.

How much is the P3 Markets LLC contract with City of Miami Gardens worth?

The P3 Markets LLC contract with City of Miami Gardens is valued at $18,618,183 lease rate; $5,000,000 purchase option, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Miami Gardens Agenda 2026-10-28 (Agenda), dated October 24, 2026 from City of Miami Gardens. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does P3 Markets LLC hold?

P3 Markets LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Miami Gardens currently buying?

Explore City of Miami Gardens's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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