Today, Sagamore Ventures announced it has sold the Nick’s Fish House real estate to the restaurant’s long-time operators Jim Weisgerber, Eric Sugrue, and Steve Montgomery. Weisgerber, Sugrue, and Montgomery took over the business in 2015.
Popular Delaware shore restaurants including The Starboard in Dewey Beach, Bethany Blues in Bethany, and Big Fish Grill in Rehoboth are also owned by a combination Weisgerber, Sugrue, and Montgomery.
According to state tax records, the Nick’s property is a 4,623 sq. ft. building on 1.756 acres. The two-story restaurant building sits adjacent to the restaurant’s large covered deck on the Patapsco River, a carryout shed, and a parking lot.
Nick’s, which has been open since the early 2000s, was the only restaurant in Port Covington (now called Baltimore Peninsula) for many years until the new development began taking shape.
Surrounding its property on two sides is the under-construction Locke Landing development. Locke Landing sits on the 25 acres that was previously occupied by Locke Insulators. The development by 28 Walker is bringing two apartment buildings totaling 420 units; 297 townhomes; and 92 two-story condominiums within 46 four-story townhomes.
The Baltimore Yacht Basin, a marina just south of Nick’s property, was recently acquired by BYB Prop Real Estate Partners which is planning a complete tear down and rebuild of the marina. The new marina will include approximately 150 boat slips, including 45 to 50 boat lifts; a ‘Retail Row’ pier with an event space; amenities; a potential coffee shop; and an area for recreational waters sports such as kayaking and stand-up paddle boarding. A number of FLOHOM luxury houseboats will also be available for short- and long-term rentals.
Under Amour is wrapping up construction on its new 280,000 sq. ft. office, retail, and fitness building called TMB2 a block from Nick’s. And, the Baltimore Peninsula development, which Sagamore Ventures founded, recently added five new buildings to the neighborhood and have announced a dozen new restaurants.
“Our partnership with the team at Nick’s Fish House has been tremendously successful and gratifying,” said Greg Resh, EVP/CFO of Sagamore Ventures, in a press release. “The synergies between Sagamore Ventures and Nick’s in terms of shared entrepreneurial spirit and the desire to support an authentic, thriving community is what I am most proud to celebrate. We’re thrilled to be handing the reins over to the folks that have been integral in making Nick’s the iconic, beloved spot it is today. As Baltimore Peninsula continues to evolve, it’s an honor to be a part of the continued success of the neighborhood’s very first tenant.”
“Nick’s Fish House holds a special place in the hearts of so many Baltimoreans,” said Carly Eutsler, Nick’s long-time director of operations who now takes on the new role of managing partner, in a press release. “It’s been my personal pleasure to help build up the Nick’s family over the past decade, and I look forward to a new era for the restaurant as operators become owners.”
“We’re thrilled that our team is here to stay at Nick’s Fish House,” said Montgomery in a press release. “With this exciting stability, we’re diving into plans for expansion and upgrades to better serve the growing community. These are truly exciting times for us, and we can’t wait to build strong relationships with everyone as the Baltimore Peninsula grows and we welcome some fantastic new neighbors.”
