Business

Resort officials this week agreed to convey air rights above an alleyway to the developer of an oceanfront hotel, but not before a lengthy discussion on a revised site plan. On Monday, the Mayor and Council voted to adopt the second reading of an ordinance conveying air rights above a portion of Washington Lane for the development of an oceanfront Boardwalk hotel between 13th and 14th streets.

Curtis Bay Energy, the nation’s largest medical waste incinerator, which operates in South Baltimore, has been fined $1 million as a criminal penalty for improper disposal of biohazardous materials following a lengthy investigation by Maryland’s Office of the Attorney General’s Environmental and Natural Resources Crimes Unit, according to Attorney General Anthony Brown.

RCM&D has acquired a Hunt Valley insurance firm, the first in what the company says will be a string of purchases after three years without a major deal. The deal for Consolidated Insurance + Risk Management closed this month and gives Towson-based RCM&D, a large risk management, insurance and employee benefits company, a portfolio of small and midsize businesses that it didn’t previously have as clients, firm executives said this week.

St. John Properties Inc. has acquired an 82-acre site in rural Southern Maryland with plans to create Berry Pointe, a sprawling business complex with retail, flex and office space. The private Woodlawn developer recently bought the property on Route 228 near Crain Highway in the Charles County town of Waldorf for an undisclosed price, the company disclosed on Tuesday. St. John is planning to launch construction next year on 635,000 square feet of single-story office, flex and retail space at Berry Pointe, a project the developer said could create up to 2,100 new jobs.

Nearly 50 restaurants and drink-focused spots opened in Greater Baltimore in the first three quarters of 2023, with more planned to come by next year. In an industry still rebounding from the lingering impacts of the Covid-19 pandemic, Greater Baltimore continues to add new dining options for customers. At least 47 have opened this year, with a handful still expected to debut. Many of the new spots come from new restaurant owners trying their luck in the industry for the first time, while others come from restaurant veterans who are expanding their concepts or adding new ventures to the mix.

A global transportation company has moved its headquarters to downtown Frederick and is involved in the historic preservation of the building it bought. Transportation Management Services (TMS) purchased a roughly century-old building at 46 S. Market St., on the south bank of Carroll Creek, for $1.35 million. The building has been vacant for more than four decades.

With about $6.5 billion in new investment headed to Baltimore by 2028, plans to revamp the city’s image in the coming few years need to “go big,” veteran developer Bill Struever said on Monday. Struever’s charge was issued during a nearly four-hour forum that drew dozens of local stakeholders to debate and detail ongoing projects they say will help reinvent Baltimore and spark a transformation for generations to come.