Committee Defers $49.6 Million Gateway Redevelopment Package | City of Jacksonville | 119 BEAVER ST W LLC

Scope & details

The full contract record, as filed.

Contract amount

REV Grant not to exceed $21,412,000; Completion Grant not to exceed $28,250,000

Contract type

CONSTRUCTION

Contract term

Construction completion estimated June 2030; 17-year REV Grant; 10-year grocery store lease requirement

Renewal date

2030-06-30

Renewal

The proposed agreement includes a 17-year REV Grant distribution period and a 10-year initial grocery store lease requirement. Completion grant clawback and grocery store operating conditions apply.

Document type

Minutes

Source document

City of Jacksonville Minutes Finance Committee Meeting October 6, 2026

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City of Jacksonville Minutes Finance Committee Meeting Minutes 2026-10-06

TABLED

City of Jacksonville, FloridaREV Grant not to exceed $21,412,000; Completion Grant not to exceed $28,250,000Oct 6, 2026

City of Jacksonville Minutes Neighborhoods, Community Services, Public Health and Safety Committee Meeting 2026-10-05

APPROVED

Jacksonville Fire and Rescue, FloridaUp to $21,412,000 REV Grant plus $28,250,000 Completion Grant; total potential incentives up to $49,662,000Oct 5, 2026

City of Jacksonville Minutes Neighborhoods, Community Services, Public Health and Safety Committee 2026-10-05

AMENDED

Jacksonville Fire and Rescue, FloridaREV grant not to exceed $21,412,000; Completion grant of $28,250,000Oct 5, 2026

City of Jacksonville Agenda Finance Committee 2026-10-06

PENDING

City of Jacksonville, FloridaREV grant not to exceed $21,412,000; $28,250,000 completion grantSep 29, 2026

City of Jacksonville Agenda October 5, 2026

PENDING

City of Jacksonville, FloridaREV grant not to exceed $21,412,000; $28,250,000 completion grantSep 29, 2026

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 October 6, 2026. The contract value is REV Grant not to exceed $21,412,000; Completion Grant not to exceed $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 REV Grant not to exceed $21,412,000; Completion Grant not to exceed $28,250,000, covering construction work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Jacksonville Minutes Finance Committee Meeting October 6, 2026 (Minutes), dated October 6, 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?

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