New Ownership for Harborplace “Hopefully by the End of the Year”

| November 8, 2021 | 0 Comments

As Waterfront Partnership was celebrating the opening of phase one of the Rash Field redevelopment at the Inner Harbor, there was a sense of optimism for the Harborplace pavilions that have been stuck in receivership since June 2019. Waterfront Partnership President Laurie Schwartz told the ownership situation at the shopping pavilions will be resolved “hopefully by the end of year.” She added, “it’s coming.”

Ashkenazy Acquisition Corporation took over ownership of the Light Street and Pratt Street Pavilions at Harborplace in 2013 and began renovations in 2017. But, the renovations dragged on and tenants began to leave the complex in recent years. This included Banana Republic, Ripley’s Believe It or Not, Philly Pretzel Factory, Urban Outfitters, Build-A-Bear, M&S Grille, Noodles & Company, Five Guys, and La Tasca.

Remaining tenants at Harborplace include Hooters, Bubba Gump Shrimp Co., The Cheesecake Factory, Uno Chicago Grill, Tir Na Nog Irish Restaurant & Pub, It’s Sugar, Mason’s Famous Lobster Rolls, and H&M.

New ownership for Harborplace would come at a time with increasing retail struggles for Pratt St. at the Inner Harbor. The Gallery at Harborplace mall will close at the end of the year as the complex has been losing tenants in recent years. Large retail tenants Jos. A Bank and Brio Tuscan Grille closed at 100 E. Pratt St. in recent years. A new retail pavilion is planned for 10 E. Pratt St., but has yet to break ground.

414 Light St. opened in 2019 and has added to the dining mix at the Inner Harbor. Utsuke Ramen opened in 2019 and vegan restaurants Double Zero and Liora both opened this fall.

Waterfront Partnership is also seeking a cafe partner for a space in the new pavilion at Rash Field.

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