Real Estate

Why Baltimore? Canton Marina, Retail/Restaurants & Helipad Acquired For $22.5 Million

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A local developer with professional and family ties to Baltimore’s entrepreneur community has made a rather large purchase. If you’re looking to park your helicopter or bring in your yacht to Lighthouse Point in the near future, you’ll be making arrangements with Scott Plank and War Horse Cities development.

Scott Plank, a former Under Armour Inc. executive that owns the War Horse Cities development firm, made big moves in October to acquire an entire marina, helipad and retail and restaurant sites on Baltimore’s Canton waterfront. The purchase was for $22.5 million and adds significantly to Plank’s holdings and interests in the Canton zone.

He already owns holdings in the luxury Sagamore Pendry Hotel in Fells Point and Anthem House in Locust Point, and his purchase of this marina will affect the future operations of the Inner Harbor water taxi system. Plank’s brother, Kevin, owns Sagamore Ventures, an investment company that purchased the existing water taxi system in 2016. Kevin Plank, if you’re a Baltimore native, is the founder and CEO of Under Armour.

The marina purchase included the acquisition of 16 different properties, including the marina, the helipad, air rights at 1800 Clinton Street, a large parking lot, several businesses and a boat storage.

#FollowDevelopment on Twitter! Thanks to the BizJournals on the alert!

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