RSS FEED
Mayor Stephanie Rawlings-Blake released a statement Tuesday afternoon that said Harborplace, owned by General Growth Companies, has been sold to a New York real estate investment firm.
The new Harborplace owners, the Ashkenazy Acquisition Corporation, owns similar properties in other cities, according to the mayor’s press statement, including Faneuil Hall Marketplace in Boston, Union Station in Washington, D.C., and San Antonio’s Rivercenter.
“This is a company with a track record of investing in and managing premier destinations, each with its own local character, in cities across America,” Rawlings-Blake said. “I am absolutely committed to working closely with Ashkenazy to continue making progress and to secure Harborplace’s legacy as a source of great pride for the people of Baltimore for years to come.”
General Growth Properties, based in Chicago, purchased Harborplace from The Rouse Company, the original developers of the iconic Baltimore attraction in 2004.
General Growth Properties will maintain ownership of the Gallery shopping center, according to reporting by the Maryland Daily Record.
“GGP recently added national retail chain stores and other large-scale attractions to the [Harborplace] development including retailer H&M and the Bubba Gump Shrimp Co. restaurant where Phillips seafood was once located,” the Daily Record wrote, noting that Harborplace, built 32 years ago for $30 million, now receives an estimated 17 million visitors a year.
