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Kensington Building Redevelopment Project Receives $1.95M TIF

City of Norfolk logoCity of Norfolk
Disclosed value
$1,950,000
From agenda
Document date
Apr 3, 2023
Term
15 years

The 30-second brief

What it covers

HCI Real Estate seeks $1.95 million TIF for Kensington Building redevelopment into a boutique hotel with 62 rooms, restaurant, meeting space, fitness room, and business center. Project includes public improvements and is expected to cost over $14 million.

Who holds it

Hci Real Estate holds this tif bond contract with City of Norfolk. Its other public contracts on record include work for City of South Sioux.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Tif Bond
Amount
$1,950,000
Document date
April 3, 2023
Term
15 years
Vendor
Hci Real Estate
Agency
City of Norfolk
Source document
community_development_agency_meeting_agenda_april.pdf (Agenda)

Hci Real Estate's other public contracts

City of South Sioux, NebraskaAgency Lists HCI Real Estate Development Claim · Oct 6, 2026$91.8KCity of South Sioux, NebraskaTIF Payment for Subphase 3 Scheduled · Sep 15, 2026$2.6KCity of South Sioux, NebraskaTIF Payment for Flatwater Subphase 5 Scheduled · Sep 15, 2026$12.5KCity of South Sioux, NebraskaTIF Payment for Flatwater Subphase 6 Scheduled · Sep 15, 2026$5.1KCity of South Sioux, NebraskaCDA Approves $91,755 in TIF Payments to HCI Real Estate · Sep 15, 2026All Hci Real Estate contractsVendor profile

More City of Norfolk contracts

Midwest Bank N aNorfolk Approves Midwest Bank Event Street Closure Agreement · Oct 3, 2026UndisclosedNorth Fork Area Transit IncNorfolk Plans $100,000 Transit Agreement with North Fork · Oct 3, 2026Gehring Construction & Ready Mix Company IncNorfolk Awarded $209,229 Infrastructure Contract to Gehring · Oct 3, 2026$209.2KOlsson IncNorfolk Plans $143,000 Olsson Engineering Services Contract · Oct 3, 2026BIZCONorfolk Plans $74,594 AV Equipment Purchase from BIZCO · Oct 3, 2026$74.6KAll City of Norfolk activityAgency profile

Questions about this contract

Who was awarded the tif bond contract by City of Norfolk?

Hci Real Estate was awarded this tif bond contract by City of Norfolk, as recorded on April 3, 2023. The contract value is $1,950,000.

How much is the Hci Real Estate contract with City of Norfolk worth?

The Hci Real Estate contract with City of Norfolk is valued at $1,950,000, covering tif bond work.

What type of contract is this?

This is a Tif Bond contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_development_agency_meeting_agenda_april.pdf (Agenda), dated April 3, 2023 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hci Real Estate hold?

Hci Real Estate 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 Norfolk currently buying?

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

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