City Backs Mixed-Use Project With $21M REV Grant

The City of Jacksonville and the Downtown Investment Authority plan to enter a redevelopment agreement with 119 Beaver St W, LLC for a mixed-use project featuring roughly 259 residential units and major grocery-anchored retail space. The deal includes a 17-year REV grant capped at $21,412,000 and a $28,250,000 completion grant, with DIA overseeing project implementation.

Scope & details

The full contract record, as filed.

Contract amount

$21,412,000

Contract type

OTHER

Contract term

17 years

Renewal date

2043-12-31

Renewal

REV grant runs for 17 years; completion grant of $28,250,000 to be appropriated by subsequent legislation in two installments upon project completion.

Document type

Agenda

Source document

City of Jacksonville Finance Committee Agenda 2026-08-19

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Jacksonville?

119 Beaver St W Llc was awarded this government contract by City of Jacksonville, as recorded on August 19, 2026. The contract value is $21,412,000.

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 $21,412,000.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Jacksonville Finance Committee Agenda 2026-08-19 (Agenda), dated August 19, 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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