bALTIMORE PENINSULA
Baltimore Peninsula Announces New Leases with Urbano Tex-Mex Restaurant and LIVE-K Karaoke at Rye Street Market
New concepts expand dining and entertainment options for residents, tenants and visitors alike
Baltimore, MD (May 9, 2024) – Today, the Baltimore Peninsula development team, led by MAG Partners and MacFarlane Partners, in partnership with Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management, announced it has signed two new leases with Tex-Mex concept Urbano (4,500 square feet) and futuristic karaoke experience LIVE-K (7,800 square feet) for Rye Street Market.
“Our retail strategy at Baltimore Peninsula is driven by the goal of creating a vibrant, dynamic neighborhood. Already, the community’s retail provides critical amenities, exciting activities and enticing food and beverage destinations,” said MaryAnne Gilmartin, Founder and CEO of MAG Partners. “We expect that these regionally loved concepts will quickly become popular destinations for the community to enjoy.”
“As a development partner in Rye Street Market, I’ve always believed in its potential to become one of Baltimore’s most popular gathering spots,” said Pinky Cole, restaurateur and development partner in Rye Street Market. “Urbano and LIVE-K are the perfect additions to the growing neighborhood and I’m excited to welcome them as my Rye Street Market neighbors!”
“It’s special to place our footprint in Baltimore and offer our innovative concept in a place that is close to our roots,” said Chad Sparrow of Urbano. “The development and vision of Baltimore Peninsula perfectly align with our concept, passion and growth plan. It’s a privilege to partner with the leaders behind this project as our roots and passion blossomed from areas just miles away.”
“After the success of our DC location, we can’t wait to bring LIVE-K to the heart of Baltimore Peninsula,” said Chris Zhujan of LIVE-K. “Our one-of-a-kind entertainment experience makes for the perfect date night, birthday party, corporate event and more.”
Urbano Mexican Fare is a Tex-Mex concept by Common Plate Hospitality Group, led by Managing Partner/Executive Chef Chad Sparrow and founding Partner Larry Walston. Urbano invites visitors to experience the vibrant colors, bold spices, and authentic tastes of Tex-Mex cuisine like never before. The team is passionate about bringing together the best of Texan and Mexican culinary traditions with a chef-created menu and proprietary tequila, sangria and beer offerings. Urbano’s bar, brunch, lunch, dinner and kids menus can be found here.
LIVE-K is designed with a sensational futuristic lighting style, using the pioneering concept of "Grand Scene, Grand Rendition", featuring a 22-square meter LED mega-screen atmospheric lobby, four first-class theme rooms, and 11 modern entertainment rooms. With an existing location at The Wharf in Washington, DC, LIVE-K is a leader in the world’s hottest entertainment trend and is committed to a people-oriented service concept, offering customers a professional, exquisite, and high-end experience.
Rye Street Market is located in the central town square of Baltimore Peninsula. It is conveniently located near I-95 and offers access to a shared rooftop and a brand-new fitness center. The highly anticipated Slutty Vegan and Bar Vegan are anticipated to open at Rye Street Market in Q4 2024.
This announcement maintains strong leasing activity at Baltimore Peninsula. In December, the development announced 15 new deals spanning 65,000 square feet of retail and office space with the Baltimore Ravens, Disaronno, Sagamore Ventures, Volo Sports, The Learning Care Group, Jersey Mike’s, Ben and Jerry’s, BK Lobster and more. Most recently, CFG Bank moved into its new 97,000-square-foot headquarters at 2455 House Street.
Retail leasing at MAG Partners is led by Sam Spikell and Ed Guiltinan as well as Andy Segall and Jonathan Garritt of Segall Group. Urbano was represented by Costa Gogos of Papadopoulos Properties and LIVE-K was represented by Shang Wang of Wang Enterprises.
About Baltimore Peninsula
Baltimore Peninsula is a 235-acre redevelopment project located on Baltimore City’s prime waterfront, featuring investments from Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management. As one of the largest urban revitalization efforts in the United States, Baltimore Peninsula is already having a fundamental and far-reaching impact on Baltimore’s future. At completion, this transformative project will include: up to 14 million square feet of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space. The Baltimore Peninsula redevelopment is expected to generate fresh opportunities for innovation and entrepreneurship for Baltimore City residents and its local workforce. For more information on Baltimore Peninsula, visit baltimorepeninsula.com or visit on Instagram, Facebook and Twitter.
About MAG Partners
MAG Partners is a woman-owned, urban real estate company with decades of experience developing impactful, iconic, large-scale projects throughout New York City. Led by MaryAnne Gilmartin, together the MAG Partners team has successfully designed, built and operated over 7 million square feet of office, residential and mixed-use projects, including over 2,000 units of housing, with a total value of over $4.5 billion. The firm believes and has proven that principles of beauty, diversity and sustainability create lasting value.
