FINANCIAL_SERVICESPENDING

Major incentive package proposed for 119 Beaver St redevelopment

The Finance Committee read and re-referred a proposed redevelopment agreement with 119 Beaver St W, LLC that would provide a 17-year REV grant up to $21.4 million and a $28.25 million completion grant to support a new mixed-use residential and retail project anchored by a regional grocery store downtown. The Downtown Investment Authority would oversee the agreement and monitor project performance if approved.

Status
PENDING
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
119 Beaver St W Llc
Agency
City of Jacksonville · FL

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Recaptured Enhanced Value (REV) grant up to $21,412,000 plus $28,250,000 completion grant (total potential incentives up to $49,662,000)
Contract type
FINANCIAL_SERVICES
Contract term
REV grant: 75% for 17 years
Renewal
REV grant structured over a fixed 17-year term; completion grant installments contingent on project completion and future appropriations.
Document type
Minutes
Source document
City of Jacksonville Finance Committee Meeting Minutes 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Jacksonville?

119 Beaver St W Llc was awarded this financial services contract by City of Jacksonville, as recorded on July 21, 2026. The contract value is Recaptured Enhanced Value (REV) grant up to $21,412,000 plus $28,250,000 completion grant (total potential incentives up to $49,662,000).

How much is the 119 Beaver St W Llc contract with City of Jacksonville worth?

The 119 Beaver St W Llc contract with City of Jacksonville is valued at Recaptured Enhanced Value (REV) grant up to $21,412,000 plus $28,250,000 completion grant (total potential incentives up to $49,662,000), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Jacksonville Finance Committee Meeting Minutes 2026-07-21 (Minutes), dated July 21, 2026 from City of Jacksonville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 119 Beaver St W Llc hold?

119 Beaver St W 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 119 Beaver St W Llc's profile

What is City of Jacksonville currently buying?

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

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