Haven at West Broad Magnolia Multi-Family 2 – expanded incentive…
Spartanburg CountySouth Carolina- Detected
- Jun 15, 2026
- 145 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
Spartanburg County is approving an Amended and Restated Special Source Credit Agreement with Haven at West Broad, LLC (successor to Morgan & Henry JOF ESA II, LLC) for the Magnolia Multi-Family 2 mixed-use housing project. The amendment adds an additional 2.612-acre parcel in the City of Spartanburg, updates the legal description, and increases fee-in-lieu payment calculations to reflect the expanded site.
The agreement assumes a 60,000,000 investment in a multi-family commercial housing facility and ties 30 years of infrastructure credits to both project investment and construction of at least 1,500 public parking spaces (garages or covered parking) in and around the project. This confirms a significant private multi-family and structured parking buildout, supported by county incentives. Developers, architects, engineers, multifamily contractors, structured parking designers, and property technology providers can target Haven at West Broad and Johnson Development for design-build, parking, and mixed-use services, and may also find follow-on public infrastructure or streetscape work as the area builds out.
Infrastructure credits are contingent on hitting 60M investment and 1,500-space parking goals; clawbacks apply if targets are not met. Project is in a joint county industrial/business park for fee-in-lieu benefits.
From the meeting
- Source
- Haven at West Broad Magnolia Multi-Family 2 – expanded incentive agreement
- Meeting date
- June 15, 2026
- Agency
- Spartanburg County
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