Business

As the Domino Sugar refinery in Baltimore officially crossed the century mark last month, two of the biggest construction projects the plant has ever undertaken are taking shape. The first project, which is scheduled to be completed in October, will allow the waterfront refinery to nearly quadruple its storage of finished sugar from 4.6 million pounds to an additional 14 million. The other project will rebuild the raw sugar storage shed that burned to the ground in a roaring, three-alarm fire last year.

A Towson wealth management firm is increasing its office space by 5,000 square feet after nearly doubling its assets under management over the past five years. WMS Partners will move its office two blocks south next month into about 17,000 square feet at 1 W. Pennsylvania Ave. The firm previously had about 12,000 square feet at 1 Olympic Place. The move will give the firm more room to accommodate its growing number of employees and comes as WMS Partners is also considering ways to grow further through potential acquisitions, said CEO Todd Wickwire.

An 88-acre redevelopment north of Johns Hopkins Hospital is poised to add dozens of new townhomes in the coming two years. Local developer Mayson-Dixon Cos. has formed a partnership with Charm City Buyers to build a 68-unit townhouse development on two lots off of Eager Park where the city helped launch a massive overhaul in 2001. The $16 million Eager Landing will be developed by the group’s Eager Park Partners and the nonprofit East Baltimore Development Inc., or EBDI. The project is expected to finish by summer 2024.

Seasonal employees will find more beds to lay their heads in Ocean City this summer season. Nevertheless, the town’s workforce housing crisis is far from over. In recent years, the resort town has struggled to provide enough housing for workers, contributing to the hospitality industry facing drastic staff shortages. “Employee housing is directly tied to the economy of Ocean City,” said Glenn Irwin, executive director of the Ocean City Development Corp.

A new apartment building that is part of a neighborhood revitalization effort opened up to the Park Heights community on Thursday.  Property developer Pennrose, city and state officials, and the non-profit group Park Heights Renaissance cut the ribbon on the Renaissance Row apartment building after two years of construction. It brings 84 new affordable housing units and 2,300 square feet of office space to the area.