CONSTRUCTIONAPPROVED

City of Stevens Point Awards Construction Contract to Commonwealth Real Estate Acquisitions Llc (December 2025)

The City of Stevens Point and its Redevelopment Authority approved a Development Agreement with Commonwealth Real Estate Acquisitions, LLC for a mixed-use affordable housing project on the former Shopko site. The city will provide $1,450,000 in TIF support and convey the property for $1; developer will construct a 50-unit residential building and community service facility, with key milestones and public benefit covenants extending to 2047.

Status
APPROVED
Document date
December 2, 2025
Contract type
CONSTRUCTION
Vendor
Commonwealth Real Estate Acquisitions Llc
Agency
City of Stevens Point · WI

Trusted by teams at

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
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
$1,450,000 (TIF support) plus $1 purchase price for property
Contract type
CONSTRUCTION
Contract term
September 1, 2027 – December 31, 2047 (project initiation and 20-year compliance term)
Renewal date
2047-12-31
Renewal
Agreement term runs through December 31, 2047. Renewal/amendment possible only by mutual written amendment; no auto-renewal.
Document type
Minutes
Source document
Stevens Point Common Council Minutes December 2025

Related contracts

Other contracts from Commonwealth Real Estate Acquisitions Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Stevens Point?

Commonwealth Real Estate Acquisitions Llc was awarded this construction contract by City of Stevens Point, as recorded on December 2, 2025. The contract value is $1,450,000 (TIF support) plus $1 purchase price for property.

How much is the Commonwealth Real Estate Acquisitions Llc contract with City of Stevens Point worth?

The Commonwealth Real Estate Acquisitions Llc contract with City of Stevens Point is valued at $1,450,000 (TIF support) plus $1 purchase price for property, covering construction work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Stevens Point Common Council Minutes December 2025 (Minutes), dated December 2, 2025 from City of Stevens Point. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Commonwealth Real Estate Acquisitions Llc hold?

Commonwealth Real Estate Acquisitions 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 Commonwealth Real Estate Acquisitions Llc's profile

What is City of Stevens Point currently buying?

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

View City of Stevens Point's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free