South Baltimore Business Roundup

| July 27, 2012 | 0 Comments

Betamore Offers Opportunity for Tech Entrepreneurs 

The 8,000 square foot top floor of 1111 Light St. has been leased by Betamore, a new incubator and co-working space for tech entrepreneurs.  From an Article in the Baltimore Sun:

“We like to call ourselves an urban campus for entrepreneurship and technology-based companies,” says Greg Cangialosi, one of the founders.

Co-founder Mike Brenner offers a catchier description: “We’re a gym for nerds.”

It will have two levels of membership. A $200-a-month “community membership” is designed for the entrepreneur who only needs to use Betamore’s facilities periodically, say, a couple of times a week. Those members will be able to reserve space based on availability. On any day, Betamore will have room for 40 community members.

A “dedicated membership” will run $400 to $450 per month. For these members, Betamore sets aside a dedicated workstation that can be used 24/7.

Entrepreneurs must apply for membership and, if accepted, they will work with a stable of mentors and be expected to graduate their startup business out of the space in 12-18 months.  Cangialosi is a Federal Hill resident and recently sold his Federal Hill business Blue Sky Factory.

Light Steet Cafe to Replace Republic Noodle

Just a couple of doors down from 1111 Light Street will be the home of Light Street Cafe.  Light Street Cafe will return the property back to its original roots as a breakfast themed restaurant, after a short stint as Republic Noodle. Here is a description of their menu from their website:

Light Street Cafe’ in Baltimore, Maryland, is a gourmet coffee shop serving breakfast all day, as well as delicious sandwiches, soups, and more.

The outside has undergone a paint job and work is currently under construction on the inside. Knockout Fitness also appears close to opening in the former Poptronics across the street.

Opi’s Closes, Creates Large Opportunity

After 7-Eleven recently closed their doors for a move to 1111 Light Street, Opi’s Laundromat in the adjacent retail space at 1024 Light St. has also closed its doors.  With both properties currently available, they are being offered by JBL Real Estate as a combined space of 7,150 square feet or individually at more than 3,000 square feet each.  7,000 square feet would certainly be an unique space for Federal Hill Main Street, so we’ll keep you posted on what we hear.  JBL has recently signed leases for many retail locations on Light St.

GE Site Sold in Locust Point

Baltimore Business Journal is reporting that the former General Electric Service Center on Fort Ave. at the corner of Lawrence St. was sold for $3.5 million to three investors in June.  The site is 78,000 square feet. The group, 900 East Fort Ave. LLC, plans to meet with members of the Locust Point community before releasing more details.

Daily Record reported in March that the project will include 200 apartments and street level retail.  The property also suffers from environmental concerns and has been enrolled in the Maryland Voluntary Cleanup Program.

Ridgely’s Delight Hoping for Fence on MLK

WBAL Radio is reporting that Ridgely’s Delight is working with the city to get a fence constructed on their west border to MLK Blvd. From the article:

“What we’re looking to do is install a 4-foot fence, we don’t want to be a gated community, but what we want people to do is walk around the fence to the crosswalks,” says Conlon. “Crosswalks exist now, but what happens is people are crossing in the middle of a 6-lane highway.”

Conlon says a fence would also be a deterrent to crimes like muggings and vehicle break-ins on some of Ridgely Delight’s smaller streets. He adds the fence would also cut down on the amount of trash blowing into the neighborhood from MLK.

A fence would certainly make an escape much more difficult for suspects in muggings and robberies. I’d also like to see a major improvement to the intersection of Washington Blvd. and MLK Blvd. so Ridgely’s Delight, Pigtown and Barre Circle have better connectivity. A wide brick cross walk with more trees comes to mind, but hopefully the experts will come up with a better design.

 

About the Author:

Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, beach volleyball enthusiast, dog lover, and "bar food" foodie. Email me at [email protected] and follow me on Twitter at @SoBoKevin.
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