CONSTRUCTIONPENDING

Jacksonville Considers $49.7M Redevelopment Incentives

Jacksonville is considering a redevelopment agreement with 119 Beaver St W, LLC to support a mixed-use project with approximately 259 residential units and 37,000 square feet of retail space. The proposal includes a 17-year, 75% recaptured enhanced value grant capped at $21.412 million and a $28.25 million completion grant.

Document date · September 29, 2026

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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
75% recaptured enhanced value grant not to exceed $21,412,000; completion grant of $28,250,000
Contract type
CONSTRUCTION
Contract term
17 years for the recaptured enhanced value grant
Renewal
Proposed 17-year recaptured enhanced value grant; completion grant payable in two installments upon project completion.
Document type
Agenda
Source document
City of Jacksonville Agenda Finance Committee 2026-10-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Jacksonville?

119 Beaver St W Llc was awarded this construction contract by City of Jacksonville, as recorded on September 29, 2026. The contract value is 75% recaptured enhanced value grant not to exceed $21,412,000; completion grant of $28,250,000.

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 75% recaptured enhanced value grant not to exceed $21,412,000; completion grant of $28,250,000, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Jacksonville Agenda Finance Committee 2026-10-06 (Agenda), dated September 29, 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

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