Business

Baltimore’s Avenue Market is slated to undergo a $9.6 million redevelopment to improve the historic structure and bring healthy food and business growth opportunities to the city’s Upton neighborhood and surrounding areas. The project was announced Monday along with a new $2 million federal investment secured by a team of government leaders that include U.S. Senators Chris Van Hollen and Ben Cardin and Congressman Kweisi Mfume.

Despite overwhelming support from the DC Metroplex BWI Community Roundtable, a state bill designed to create a commission to study the health effects of the airport on the surrounding community failed to pass the General Assembly during this year’s session. Ever since the 2015 implementation of the Federal Aviation Administration’s Next Generation Air Transportation System, airplane noise has been an issue in Anne Arundel, Howard and Baltimore counties, said Mary Reese, of the BWI Roundtable, a liaison group between BWI Marshall Airport and the surrounding community.

Continental Realty Corp. has sold Merritt Manor, an expansive shopping center on Dundalk’s busy Merritt Boulevard, for $11.9 million. The buyer, Columbia-based Abrams Development Group, picks up an 88,332-square-foot retail center that is 96% leased. The property is anchored by a Gold’s Gym and counts GNC, Chicken Rico and Hair Cuttery among its tenants. Continental acquired the center at 1119-1211 Merritt Boulevard in 2013 when it was 83% leased, the company said in announcing the deal Monday.

Maryland gambling officials hope to bring mobile betting to the state in time for the kickoff of the National Football League’s 2022 season. If regulators are successful, fans will be able to bet on professional and collegiate events on their phones, an advance that is certain to super-charge the state’s new, and still relatively sleepy, sports betting industry. In virtually every state that has legalized sports gambling, mobile has left bricks-and-mortar betting in the dust, accounting for approximately 90% of the handle. Also true just about everywhere: The big-name firms, those with the massive advertising budgets, rake in the lion’s share of the action — and, therefore, the profits.

The city of Baltimore wants to renew and expand an expiring tax break for developers and businesses that costs tens of millions of dollars annually. A quarter of Baltimore — about 13,500 acres — is considered within an “enterprise zone,” meaning that developments and businesses in those areas are eligible for certain tax breaks from the city and state. The tax breaks hinge on improvements to the property and hiring benchmarks. Developers and real estate brokers say the program can attract business to Baltimore and generate more tax revenue over the long term.

Josh Levinson wasn’t sure Charm City Run was going to make it during the Covid-19 pandemic shutdown. But over the tumultuous two-year period, a resurgence in running, Paycheck Protection Program (PPP) loans and loyal customers not only kept the running retailer afloat but spurred an expansion. Charm City Run celebrates 20 years in business with the planned June 4 opening of a new store in the Kentlands development in Montgomery County. The Baltimore chain will now have seven stores — one each in Baltimore City, Anne Arundel, Baltimore, Howard, Harford and Frederick counties.

Condor Airlines is bringing back its seasonal service between Frankfurt, Germany and Baltimore Washington International Thurgood Marshall Airport this summer after a two-year, pandemic-related pause. Nonstop flights will be available three times per week on Monday, Wednesday and Saturday beginning on June 4. Condor’s hub at the Frankfurt Airport also offers connecting service to more than 100 destinations in Europe and beyond. Condor has offered its Baltimore-Frankfurt service seasonally since July 2012, but did not offer the flights in the summers of 2020 or 2021 due to the Covid-19 pandemic.

Under a new combined proposal with Washington, Baltimore would host 2026 FIFA World Cup matches, boosting the city’s chances of bringing the world’s most viewed sporting event to M&T Bank Stadium. U.S. Soccer, the sport’s governing body, had asked the cities earlier this month to collaborate on a “re-imagined” joint bid, reportedly over concerns about the viability of FedEx Field as a World Cup venue. As part of the joint bid that city officials announced Thursday, Washington would hold a fan festival on the National Mall.