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CenterCal Acquisitions to develop Project Elevate

City of Elk Grove logoCity of Elk Grove
Disclosed value
$82-$113 million
From meeting minutes
Document date
Jan 22, 2025

The 30-second brief

What it covers

City Council authorized the City Manager to execute a Letter of Intent (LOI) with CenterCal Acquisitions, LLC for Project Elevate. CenterCal and the City will negotiate a Purchase Agreement for Council consideration in early 2025. If successful, construction is expected to commence within 12 to 18 months.

Who holds it

Centercal Acquisitions holds this real estate development contract with City of Elk Grove. Its other public contracts on record include work for Town of Elk Grove and Elk Grove Village village (pt.).

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Contract details

Contract type
Real Estate Development
Amount
$82-$113 million
Document date
January 22, 2025
Term
NA
Vendor
Centercal Acquisitions
Agency
City of Elk Grove
Source document
city-of-elk-grove-meeting-minutes-2025-01-22_a73.pdf (Meeting Minutes)

Centercal Acquisitions's other public contracts

Town of Elk Grove, WisconsinCenterCal Acquisitions Negotiating Purchase Agreement for Project Elevate · Jun 11, 2025UndisclosedTown of Elk Grove, WisconsinCenterCal to develop Elk Grove's Project Elevate · Feb 26, 2025UndisclosedCity of Elk Grove, Californiacity-of-elk-grove-resolution-2025-02-26_d05.pdf · Feb 26, 2025UndisclosedElk Grove Village village (pt.), Illinoiselk-grove-village-resolution-2025-02-26_22b.pdf · Feb 26, 2025UndisclosedCity of Elk Grove, CaliforniaCity looking for elevated retail with CenterCal Acquisitions · Feb 12, 2025UndisclosedAll Centercal Acquisitions contractsVendor profile

More City of Elk Grove contracts

Aecom EngineeringAECOM Engineering Continues Grant Line Road Environmental Work · Oct 14, 2026UndisclosedCENTERCALCenterCal Authorized to Purchase and Develop Elk Grove Site · Oct 14, 2026$4 millionNJANJA Performs Schematic Design for Homeless Shelter · Oct 14, 2026UndisclosedINTERWESTInterwest Provides Architectural Review for Shelter Project · Oct 14, 2026UndisclosedChild ActionChild Action Provides Employee Childcare Referral Services · Oct 14, 2026UndisclosedAll City of Elk Grove activityAgency profile

Questions about this contract

Who was awarded the real estate development contract by City of Elk Grove?

Centercal Acquisitions was awarded this real estate development contract by City of Elk Grove, as recorded on January 22, 2025. The contract value is $82-$113 million.

How much is the Centercal Acquisitions contract with City of Elk Grove worth?

The Centercal Acquisitions contract with City of Elk Grove is valued at $82-$113 million, covering real estate development work.

What type of contract is this?

This is a Real Estate Development contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-elk-grove-meeting-minutes-2025-01-22_a73.pdf (Meeting Minutes), dated January 22, 2025 from City of Elk Grove. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Centercal Acquisitions hold?

Centercal Acquisitions 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 Elk Grove currently buying?

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

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