Since the lease expires on Dec. 31, there is strong evidence Jacksonville, FL-based FEC is considering either divestiture or development options on the rail-accessible site at 100 N.E. 36th St.
Officials at FEC have referred all questions about the site to the Miami-Dade County Seaport Department, which has not responded to a request from GlobeSt.com for additional information about the current negotiations.
Sources familiar with the those negotiations suggest FEC has proposed an increase in the lease rate it is asking, requiring the county to confirm that proposed market rate or to consider a buyout.
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