South Baltimore Business Roundup

Former Shoyou Sushi Building For Sale

Shoyou Sushi has expanded and relocated to 1450 Light St. Its former building at 1504 Light St., which Shoyou leased, is now up for sale for $285,000. The property is 1,456 sq. ft. and includes the first-floor restaurant space and a two-bedroom apartment on the second floor. It is described as “perfect for an owner/user. ”

Former Ebenezer Ethiopian Building Under Contract

Ebenezer Ethiopian expanded and relocated to 647 W. Pratt St. in Ridgely’s Delight. Its former space at 821 Washington Blvd. is currently under contract after an Alex Cooper auction. The 1,202 sq. ft. building features the first-floor restaurant space and a two-bedroom, two-bathroom apartment on the second and third floor.

Amazing HVAC Relocates to Morrell Park 

Amazing Heating and Air Conditioning has relocated from 1922 Light St. in South Baltimore to a bigger space at 2630 Georgetown Rd. in Morrell Park. Amazing’s former space was part of a 30,000 sq. ft. former slaughterhouse that will undergo a renovation.

Historic Light Street Library for Lease

The former Light Street Library at 1401 Light St. is currently for lease. The 2,700 sq. ft. building was built in 1880 and was used in recent years as an event space. The asking price is $3,500/month and permitted uses include residential, educational facility, daycare, community space, office space, social club, and healthcare clinic. It features large open spaces and a kitchen.

Ready Robotics Leaving Port Covington 

Ready Robotics is moving its headquarters from a 6,000 sq. ft. space at City Garage in Port Covington to Columbus, Ohio. City Garage is owned by Kevin Plank’s Sagamore Ventures which is an investor of Ready Robotics. From Baltimore Business Journal:

CEO Benjamin Gibbs revealed to VentureBeat that his company quietly closed the $15 million financing round in December. The round was led by Drive Capital, a venture firm based in Columbus. Ready Robotics has previously raised about $3.5 million in a seed round.

Also in the article:

“There is a ton of manufacturing and a lot of factories in the Midwest. It’s a great place for us to grow,” Gibbs said. “There are a lot [of factories] here in the mid-Atlantic as well, and we have always wanted to have a strong presence in both these regions.

Gibbs said Ready Robotics will maintain an office in Baltimore, which will house some of its sales and marketing, and research and development operations. Gibbs will split his time between both cities. The nearly 30-person company is currently in the process of working with Sagamore Ventures to determine what will happen with its 6,000-square-foot manufacturing space in City Garage, Gibbs said.

Demian Costa, managing partner at Sagamore Ventures, said the space will be filled with another startup company that will soon be announced.

Pier Six Pavilion Renamed MECU Pavilion

The Pier Six Pavilion at the Inner Harbor is now the MECU Pavilion after a new naming rights sponsorship with operator Live Nation. The amphitheater opened in 1981 and holds more than 4,000 fans and hosts about 25 concerts a season. From a press release:

“As Baltimore’s hometown credit union for over 80 years, we are delighted to partner with Live Nation to support a popular local venue with such a rich musical history,” said John Hamilton, President and CEO of MECU. “While many in Baltimore are familiar with MECU’s great deposit and loan rates, free premium checking and profit givebacks, this partnership will introduce our trusted brand to an even broader audience of Baltimore-area music fans.”

For 2018, several world-renowned artists have already announced a tour stop at the venue, including Steve Miller Band with Peter Frampton, Khalid, Barenaked Ladies, and Trombone Shorty & Orleans Avenue. For ticket information, please visit MECUPavilion.com.

“We are thrilled to welcome MECU into the Live Nation family. Our partnership will provide the company with a new avenue to reach, engage and connect with live music fans and the Baltimore community,” said Andy Peikon, Senior Vice President of Live Nation Media & Sponsorship.

via http://www.southbmore.com/2018/05/02/south-baltimore-business-roundup-149/