New York real estate investment firm Ashkenazy Acquisition Corp, has just acquired Baltimore waterfront property … Harborplace.
This real estate firm is known for its retail acquisitions such as, Faneuil Hall Marketplace in Boston, Union Station in Washington and now Harborplace in down towns Inner Harbor.
So what does this mean for Baltimore? Will there be more jobs for city residents? Will the tourist attraction that contributes to Baltimore’s economic growth be affected? Who contribute largely to the bottom line profit.
Some of the orginal and major tenants of the inner harbor … Harborplace have vacated the area with some new attractions taking residence. Suprisingly retailers of the inner harbor attraction did not know that the venue has been sold. “All the changes have been good,” said Febrer, who said he hopes the new owner will continue “the partnership of working together to bring people to Harborplace.”
$700 million in property and debt acquisition is a good start!