Charleston gets no bids for historic mansion
The city of Charleston received no bids for a historic mansion it rescued from foreclosure about five years ago and is trying to sell.
The four-story Josiah Smith Tennent house at 729 East Bay St. is on the market as part of a bid-solicitation process that closed Tuesday.
“We anticipate reopening the solicitation as provided in the current bid documents to allow additional time for buyers to submit offers/bids for consideration,” a spokesperson said.
City Council will have the final say on whether to accept any legitimate offer for the 1859-era property.
In 2008, Charleston spent $1.4 million to buy the house when it was facing foreclosure. The site is near the pedestrian ramp of the Arthur Ravenel Jr. Bridge.
Mayor Joe Riley has said the goal is to put the house into the private sector and to take the money the city has been dedicating for the building and put it elsewhere into community development projects on the East Side.
The house is considered significant for its historic and architectural past as representative of the wealth that accrued in that part of the city before the Civil War.
Today the building covers 10,413 square feet and sits on about one-quarter of an acre.