What is meant by land-lease at Biscayne Landing?
The property on which Biscayne Landing is being built is owned by the city of North Miami and leased to the developers for a period of 200 years, after which time the lease may be renegotiated. The cost of that lease is already built into the price of Biscayne Landing residences. The benefit to residents is that they are guaranteed that this lease fee won’t go up for at least 200 years.
