Developers still working to reopen Fishmarket

COMMERCIAL REALTY NOTES

December 19, 1990|By Edward Gunts

The owners of Baltimore's Fishmarket are still moving ahead with plans to reopen it even though part of the management team temporarily shut down its Baltimore office.

Merrill Diamond, a spokesman for the McCourt Co., the project's original developer, said the office of its partner, Baltimore Management Inc. was closed until the development team secures financing for the project. He added that two members of Baltimore Management team, Texans Billy Bob Barnett and Spencer Taylor, are working steadily toward a reopening but didn't need to be in Baltimore full-time until financing is arranged.

"It seemed to us that there was no point in having an office open on a full-time basis and staffed on a full-time basis until we have a firm timetable for our financing," he said. Mr. Barnett and Mr. Taylor have projects in New Orleans that they can attend to while working on the Fishmarket reopening, and they remain in near-daily contact with the McCourt office, he added.

McCourt opened the Fishmarket in December 1988 and closed it in July of 1989. Officials announced Nov. 15 that they were working with Mr. Barnett and Mr. Taylor to reopen it early next year with a modified format.

Mr. Diamond said yesterday that the project is still on track for a spring reopening, assuming that the team obtains financing. The project would result in the creation of 500 to 700 jobs, he added.

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One of the seven groups that submitted proposals for recycling the Pier 4 Power Plant has withdrawn its bid from consideration.

Fusion Management Group Inc., a local group that proposed to convert the Power Plant to a $4 million entertainment complex with television and video production facilities, withdrew its proposal recently, according to city officials. Principals Roxanna Green and Michael Hoffberger could not be reached for comment.

David Gillece, head of Center City-Inner Harbor Development Inc., said he hopes to invite representatives of the remaining groups to meet with his staff shortly after the first of the year and that he may be able to say more about the selection process by the middle of the month.

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Around the region:

* Richter Cornbrooks Gribble Inc. of Baltimore has been selected over four other finalists to be the architect for the latest phase of the Delaplaine Visual Arts Center in Frederick. The $2 million project involves the conversion of the old Mountain City Mill on South Carroll Street to a full-fledged arts center with space for exhibits and lectures.

* Environmental Services Group. Inc. and Clearview Mental Health Services have leased space at 6611 Tributary St., an 84,000-square-feet office building and warehouse in the Holabird Industrial Park. The project is now 100 percent leased and its developer, Riparius Development Corp., is planning a 51,000-square-foot warehouse expansion. Dixon Harvey of Riparius Development Corp. is handling leasing.

* Moscow Nights Inc., a restaurant and bar featuring "authentic Russian fare and atmosphere," leased 10,000 square feet in the former Bolton Hill Dinner Theater space on the ground floor of the Sutton Place apartments at 1111 Park Ave. A grand opening is expected next summer. Henry "Hans" Wittich IV and Lorraine G. Fiset of Latshaw Commercial Properties represented the landlord and tenant.

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