The planned sale of Harborplace to Baltimore developer P. David Bramble is in its final stages, with the struggling downtown property potentially selling for dramatically less than its assessed value. Documents filed in the “motion to sell” by the court-appointed receiver with the Baltimore City Circuit Court signal that a private deal between the receiver, IVL Group, and Bramble’s MCB Real Estate, is imminent. Attorneys for IVL provided the documents to the Baltimore Business Journal on Monday. The court papers provide the first glimpse into a proposed sale that was announced five months ago by Mayor Brandon Scott. IVL and MCB have held details of the negotiations close ever since. Bramble, principal of MCB Real Estate, declined to comment Tuesday morning.
Here’s how much MCB Real Estate could pay for Harborplace as deal nears approval
September 28, 2022