Business

Changes sought in Baltimore City’s Middle East community under an ambitious $1.8 billion redevelopment plan over 20 years ago have so far brought mixed results. A report by the nonprofit research firm Urban Institute found the project to reshape 88 acres in the neighborhood by the East Baltimore Development Inc., or EBDI, has succeeded on some fronts, but also fallen short of its original goals to upgrade the community with 1,500 new affordable and market-rate housing units, lower poverty levels in the area and add more new residents with at least a bachelor’s degree. The report found, though, that the EBDI area had recorded higher rents for apartment units since 2011. The 62-page report was released on Wednesday. It recommended further study of the large-scale redevelopment in the coming years to measure its success.

A California-based discount grocer will move into the Baltimore market in the spring, taking over a shuttered Giant, Baltimore County officials said Tuesday. Grocery Outlet Bargain Market will open in the Liberty Road corridor, which has been without a supermarket since Giant closed in 2018. Grocery Outlet opened its first Maryland location in Hagerstown. The vacant supermarket in the Milford Mill Shopping Center at Liberty and Milford Mill roads will be partially demolished and renovated. Baltimore County will provide $2 million for site redevelopment through a revolving loan fund and the American Rescue Plan Act. The support includes $1.4 million from the loan fund and $600,000 in federal funds.

Plans to convert a portion of the Notre Dame of Maryland University campus into a senior living complex are moving forward with construction expected to begin in early 2024. Baltimore-based Brightview Senior Living officials said on Monday the development will be the company’s first in the city and will hold 171 apartment homes offering independent living, assisted living and memory care services. It is expected to open by 2026. The complex, which was first announced in 2020, will add to 23-year-old Brightview’s portfolio of 45 senior living communities in eight states. The private senior living chain already has five senior living developments in Greater Baltimore in Catonsville, Annapolis, Crofton, Edgewater and Severna Park. The move comes amid other changes in the works at Notre Dame.

Baltimore shoppers have a long love affair with Lexington Market, and for good reason. This culinary institution is now reinventing itself but always has been a noisy and rambunctious destination, and is about as Baltimore as it gets. Lexington Market was — and is — a genuine gathering spot. It was mobbed with buyers when Baltimore’s population peaked, in the 900,000 range.

Boca Raton, Florida-based Terran Orbital, which went public earlier this year, soared in early Monday trading after Bethesda, Maryland-based Lockheed Martin said it would invest $100 million in the company. Terran Orbital makes small satellites and has NASA contracts. It said it will use the investment to expand manufacturing. The Strategic Cooperation Agreement with Lockheed runs through 2035. It’s the second investment Lockheed has made in the company.

On a steamy summer morning, hundreds of business owners, lawyers, lobbyists and government contractors packed into a hotel ballroom near BWI Thurgood Marshall Airport. They were there to hear about the state’s plans to find a new contractor to run the concessions operations — food, drink, retail and other hospitality services — at the busy transportation hub. “The purpose is to improve on a very good airport concession and make it exceptional,” Morris Williams III, manager of the Commercial Business Activities Section in the Office of Commercial Management at the Maryland Aviation Administration, told those assembled at the hotel.

Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission.