Shopping Center Business

MAY 2016

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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BALTIMORE 302 • SHOPPING CENTER BUSINESS • May 2016 400 East Pratt is 100 percent occupied following an expansion. Retail tenants include Shake Shack, Chick-fl-A and CVS/ pharmacy. East Pratt, occupancy jumped from 60 percent before the ex- pansion up to 100 percent after the expansion with top national tenants. "The tenants at the ground-floor retail used to be a small coffee shop and a copy center," Fowler says. "Now, there's Shake Shack, Chick-fil-A, CVS/pharmacy and a bank. We've created this great pedestrian experience that wasn't there before." "A few different streets could become great retail streets, and Pratt is one of them," Fowler adds. "Our harbor is such a magnet, and Pratt's proximity is a huge selling point." RIPE FOR RESTAURANTS In addition to the new retail on Pratt Street, last year saw a number of exciting downtown openings — including many locally owned, farm-to-table restaurants. "For years, our city divided restaurants into two categories: those for tourists and those for local residents," Fowler says. "That formula doesn't work. The restaurants that depend on tourists are challenged during non-tourist season, and it's not healthy for downtown. We're now seeing success with national chains as well as our mom-and-pop restaurants who have a huge local following and at- tract tourists too." Adding to the local flavor are the recent openings of Abbey Burger Bistro at 811 S. Broadway; Ceremony Coffee Roasters at 520 Park Avenue; Cava Mezze at 1302 Fleet Street; and Sweetgreen at 1306 Fleet Street. Another new food tenant downtown is Streets Café and Market, a Washington, D.C.-based organic natural grocer catering to the growing down- town residential and office population. The 13,000-square-foot store at 222 N. Charles Street joins Whole Foods Market and Harris Teeter to comprise downtown Baltimore's grocery store line-up. If these recent retail openings are any indication — along with the exciting res- idential and office developments taking shape — the best is yet to come for down- town Baltimore. "We're seeing more and more local and national investors, developers and retail- ers look at our downtown," Fowler says. "I'm optimistic about the future. We still feel like this is undiscovered country for retail." SCB WE'RE EXPERTS AT BUILDING RETAIL. SO YOU CAN FOCUS ON BUILDING YOUR BUSINESS. Since 1997, retail construction has been the foundation of our growth. Thousands of projects later, we can leverage our consistent processes and lessons-learned to optimize your project success. Whether you are a developer, broker or retailer, Catamount has the experience to expertly coordinate the unique details of successful retail construction, allowing you focus on your business success. CONTACT CATAMOUNT CONSTRUCTORS FOR YOUR NEXT RETAIL PROJECT CATAMOUNTINC.COM SINCE 2005, CATAMOUNT CONSTRUCTORS HAS: › Been awarded 545 Retail Projects Nationwide › Completed 532 projects valued at $884 Million › $28 Million worth of Projects currently under construction in California, Colorado, Georgia, Virginia and Texas SPECIALIZING IN: › Automotive › Big Box › Financial › Fitness › Grocery › Restaurant Roll-out › Tenant Improvement

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