OTHERPENDING

Burleson EDC Plans $2M Incentive for The Grove

The Burleson 4A Economic Development Corporation is proposing a $2,000,000 performance-based incentive agreement with Street Realty Capital, LLC to support The Grove, a $10 million mixed-use development at 130 E. Renfro Street. The agreement ties staged cash grants to building permits, certificates of occupancy for three buildings, and the leasing of new sales tax generating tenants through December 31, 2029.

Status
PENDING
Document date
July 20, 2026
Contract type
OTHER
Vendor
Street Realty Capital Llc
Agency
City of Burleson city · TX

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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$2,000,000 in incentives (cash grants)
Contract type
OTHER
Contract term
Building permit by April 1, 2027; construction commenced by July 1, 2027; CO deadlines: Building 1 by October 1, 2028, Building 2 by June 1, 2029, Building 3 by December 31, 2029; development completion by December 31, 2029
Renewal date
2029-12-31
Renewal
Agreement includes milestone-based payments and clawback provisions requiring repayment of development grant funds if construction is not completed following commencement; no explicit renewal or extension options described.
Document type
AgendaPacket
Source document
Burleson 4A Economic Development Corporation AgendaPacket 2026-07-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Burleson city?

Street Realty Capital Llc was awarded this government contract by City of Burleson city, as recorded on July 20, 2026. The contract value is $2,000,000 in incentives (cash grants).

How much is the Street Realty Capital Llc contract with City of Burleson city worth?

The Street Realty Capital Llc contract with City of Burleson city is valued at $2,000,000 in incentives (cash grants).

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Burleson 4A Economic Development Corporation AgendaPacket 2026-07-20 (AgendaPacket), dated July 20, 2026 from City of Burleson city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Street Realty Capital Llc hold?

Street Realty Capital 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.

View Street Realty Capital Llc's profile

What is City of Burleson city currently buying?

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

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