Monday, August 23, 2021

South Baltimore Business Roundup

Ice Queens Launches a Bus

Locust Point snowball shop Ice Queens now has a bus called the Queen’s Carriage. From its Facebook page:

I.Jnai Hair Opens in Federal Hill

Salon I.Jnai Hair opened at 921 S. Charles St. in Federal Hill. The retail space was most recently the home of Elseworlds Emporium, which closed in June.

Under Armour Joins World Cup Host City Bid

Under Armour has joined the Baltimore-Maryland 2026 World Cup Host City Bid. From a press release:

Headquartered in Baltimore, Maryland, Under Armour is a leader in athletic performance apparel, footwear and accessories. As part of its partnership with Baltimore-Maryland 2026, it will provide the bid with high-level football industry and marketing expertise, and support as the city campaigns to host FIFA 2026 World Cup matches.

“We’re thrilled to welcome Under Armour as a partner to the Baltimore-Maryland 2026 Host City Bid,” Terrance Hasseltine, President of Baltimore-Maryland 2026 and Executive Director of Maryland Sports Commission, said. “This is a major milestone and I’m certain our partnership with Under Armour will provide our bid with unrivaled insight and expertise and reinforce the strength of our concept.”

“As a Baltimore-based company with strong roots in our communities, Under Armour aligns completely with our mission of using FIFA 2026 World Cup matches, and the beautiful game, to transform our Baltimore-Maryland 2026 economically and culturally. Under Armour is an icon in the world of sport and here in Baltimore they will be a tremendous asset as we continue our bid to host matches at the 2026 FIFA World Cup.”

From Stacey Ullrich, senior director of global community impact at Under Armour:

“Baltimore is Under Armour’s home and we’re incredibly excited and proud to be supporting the efforts of Baltimore-Maryland’s bid to host FIFA 2026 World Cup matches. We believe in the transformational power of sports for communities. Creating impactful legacies and using the platform of football to transform communities across our home city and state is an unmissable opportunity and a cause we are fully committed to.”

21 Leases Signed for Downtown Office Building

While many Downtown buildings are struggling with higher-than-usual vacancy rates, two buildings on Redwood St. are seeing a boost in leasing. From a press release:

Approximately eight months after its acquisition of 225 E. Redwood Street and 233 E. Redwood Street in Downtown Baltimore City, a local investment group has signed 21 new offices leases at the two buildings, initiated a comprehensive $5 million redevelopment strategy and rebranded the assets to Vickers Exchange and Redwood Exchange respectively. Members of the two limited liability entities associated with the purchase include Kemp Byrnes and Brad Byrnes of Byrnes & Associates, Inc., a Baltimore-based boutique commercial real estate and investment company, as well as Dave Gupta, a local entrepreneur. 

225 E. Redwood Street, a four-story building formerly known as the Vickers Building is now 80% leased with this new activity. Together with 233 E. Redwood Street, an adjacent 13-story building formerly known as the Garrett building, the two projects combine for approximately 90,000 square feet of office and retail space. The renovation and repositioning program consist of transforming the upper floors of Redwood Exchange into multi-tenant office space. The ground floors of both buildings will be leased to restaurant and retail users. 

Recent leasing activity

The recent leasing activity has attracted a range of commercial office users to the buildings including two which are establishing new presences in Baltimore City after expanding from the Washington, D.C. area as well as another expanding from Philadelphia. Industries represented include professional groups offering communications, digital advertising, engineering, environmental, healthcare, legal, photography, public relations and real estate services. Other sectors are auto, arts and entertainment, financial services, jewelry repair, logistics, non-profit, nursing training and software. A short-term lease was also signed with FX Studios for use in filming the pilot for a new television series “The Spook Who Sat By The Door,” which utilized space in both buildings including the conference rooms and event space.

Final renewal negotiations are underway with Clark-Morley Salon as well as for a new operator within the venerable Werner’s Restaurant in Vickers Exchange, with the concept expected to be operational this fall.  The popular dining establishment first opened in 1950 by Werner Kloetzli, and it was chosen for the filming of numerous movies and television shows due to its distinctive chrome and maple Art Deco interior. The eatery had roles in The Wire, Liberty Heights, Ladder 49, Tin Men, Avalon and House of Cards. 

Rendering from Heath Design Group

The post South Baltimore Business Roundup first appeared on SouthBMore.com.

via https://www.southbmore.com/2021/08/23/south-baltimore-business-roundup-182/

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