Business

A New York-based investment group has shelled out $21.7 million for an affordable housing tower in Sharp Leadenhall and is planning to spend nearly $2 million on upgrades. Hudson Valley Property Group acquired the 191-unit property at 911 Leadenhall St. last month from seller Evergreen Partners. The new owner is preparing to redo some of the units, add updated common space and make outdoor facade and landscaping improvements this year to move the development toward being fully leased, said Jason Bordainick, managing partner of Hudson Valley.

An 800-unit residential development made up of multifamily apartments, townhomes and a handful of waterfront units is in the works for the former Locke Insulators site in South Baltimore. Developer 28 Walker unveiled a master plan for the project Thursday before the city’s Urban Design & Architecture Advisory Panel, shedding light on the future of a property that has long been the subject of development speculation.

A sports and events business founded by former McDonogh School girls’ lacrosse coach Chris Robinson has been acquired by a Massachusetts-based youth sports event and club operating giant. 3Step Sports is acquiring Baltimore-based Robinson Sports as it looks to grow its girls sports business. Robinson founded his business in 2014 to help create opportunities for girls in lacrosse and prepare players to play at the college level.

The longtime owner of Donna’s Tavern & Restaurant has decided to put the Dundalk business up for auction as she prepares for retirement. The fully-operational restaurant at 6607 Pine Ave. and all its equipment will be auctioned off live and on-site on Jan. 27. A 7-day liquor license, outdoor dining space, indoor entertainment license and three, fully-leased second-floor apartments are also part of the listing on W. Wachter Auctions’ website.

Stephen Ritterbush was practically born on the water. After moving to Annapolis from Long Island in the 1950s, Ritterbush’s earliest memories were of catching glimpses of the city’s waterfront on his way to Green Street School (now known as Annapolis Elementary School) and later as a teen shredding coconuts at Jack Schley’s delicatessen inside Market House. He soon found himself skittering around Spa Creek and the Severn River in a progressively larger series of boats, even using the water to get to high school.

An Ohio-based distributor of construction materials and supplies has opened a new warehouse in Baltimore County. Nash Distribution leased the 6,000-square-foot warehouse at 601 N. Hammonds Ferry Road in Linthicum Heights to help meet consumer demands and address ongoing global supply chain shortages and backlogs. The expansion is also a response to the 30% year-over-year growth the company has observed in the mid-Atlantic region over the past two years, according to a statement from Nash Distribution President Jeremy Cantor.