CONSTRUCTIONPENDING

Jacksonville Considers $49.7 Million Beaver Street Incentives

Jacksonville is considering a redevelopment agreement with 119 Beaver St W, LLC for a mixed-use project with approximately 259 residential units and 37,000 square feet of retail space. The proposal includes a REV grant of up to $21.412 million and a $28.25 million completion grant.

Document date · September 29, 2026

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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
Up to $21,412,000 REV grant plus $28,250,000 completion grant
Contract type
CONSTRUCTION
Contract term
75% recaptured enhanced value grant for 17 years; completion grant payable in two installments upon project completion
Renewal
The REV grant has a 17-year term; the completion grant is payable in two installments after project completion.
Document type
Agenda
Source document
City of Jacksonville Agenda 2026-10-05

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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 Up to $21,412,000 REV grant plus $28,250,000 completion grant.

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 Up to $21,412,000 REV grant plus $28,250,000 completion grant, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Jacksonville Agenda 2026-10-05 (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.

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