FACILITIESPENDING

City Mulls Option Amendment for Affordable Housing Deal

The City of Charleston is considering a First Amendment to its Option Agreement with America Street Ventures LLC for the purchase of three City-owned parcels on Aiken and America Streets for a mixed-use project with up to 52 affordable and workforce housing units. The amendment extends the option to September 30, 2026, sets a $1,000,000 purchase price, recognizes a $400,000 City contribution tied to affordable units, and imposes restrictive covenants and potential additional price if fewer affordable units are delivered.

Status
PENDING
Document date
August 15, 2026
Contract type
FACILITIES
Vendor
America Street Ventures Llc
Agency
City of Charleston city · SC

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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
$1,000,000
Contract type
FACILITIES
Contract term
Option period extended to September 30, 2026
Renewal date
2026-09-30
Renewal
First Amendment extends the existing purchase option period to 2026-09-30 and modifies pricing and affordable housing covenants; future amendments or exercises of the option are not yet specified.
Document type
AgendaPacket
Source document
City of Charleston Committee on Real Estate Agenda Packet 2026-08-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Charleston city?

America Street Ventures Llc was awarded this facilities contract by City of Charleston city, as recorded on August 15, 2026. The contract value is $1,000,000.

How much is the America Street Ventures Llc contract with City of Charleston city worth?

The America Street Ventures Llc contract with City of Charleston city is valued at $1,000,000, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Charleston Committee on Real Estate Agenda Packet 2026-08-17 (AgendaPacket), dated August 15, 2026 from City of Charleston city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does America Street Ventures Llc hold?

America Street Ventures 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 America Street Ventures Llc's profile

What is City of Charleston city currently buying?

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

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