OTHERPENDING

Major Downtown Mixed-Use Incentive Proposed For 119 Beaver

The City is considering a major redevelopment agreement with 119 Beaver St W, LLC for a 259-unit mixed-use project anchored by a grocery store downtown. The proposal includes a 17-year, 75% REV grant capped at $21.4 million and a $28.25 million completion grant, subject to future appropriations.

Status
PENDING
Document date
August 4, 2026
Contract type
OTHER
Vendor
119 Beaver St W Llc
Agency
City of Jacksonville · FL

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
Not to exceed $21,412,000 (REV grant) plus $28,250,000 completion grant, to be appropriated by subsequent legislation
Contract type
OTHER
Contract term
REV grant term of 17 years; completion grant paid in two installments upon project completion
Renewal
REV grant incentive structured over 17 years; no renewal beyond that term is indicated. Completion grant is a one-time two-installment payment upon project completion.
Document type
Minutes
Source document
City of Jacksonville Finance Committee Meeting Minutes 2026-08-04

Related contracts

Other contracts from 119 Beaver St W Llc.

View all →

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 4, 2026. The contract value is Not to exceed $21,412,000 (REV grant) plus $28,250,000 completion grant, to be appropriated by subsequent legislation.

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 Not to exceed $21,412,000 (REV grant) plus $28,250,000 completion grant, to be appropriated by subsequent legislation.

What type of contract is this?

This is a government 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 Finance Committee Meeting Minutes 2026-08-04 (Minutes), dated August 4, 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

What is City of Jacksonville currently buying?

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

View City of Jacksonville'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