Staff Reporter- Baltimore Business Journal
Ken Finkelstein, a Bethesda real estate developer, said he’s ready for his first project in Baltimore — a hotel that would replace a vacant warehouse in increasingly trendy Harbor East. Finkelstein briefed me on his plans last week, disclosing that the hotel would sit at the corner of South Central Avenue and Fleet Street. Finkelstein wouldn’t tip his hand as to which hotel chain he’s talking to. But he said he’s in negotiations and hopes to have a deal inked by the end of the year. That would fit with his plans to break ground in spring 2013 and have the hotel open by summer 2014. Finkelstein’s Englewood LLC will redevelop the former Bohager warehouse along with Baltimore’s Chesapeake Real Estate Group. The eight-story building will have a 208-room hotel, one floor of parking with 60 parking spaces, and 15,000 square feet of ground-floor retail. This is Finkelstein’s first project in Baltimore. He sees Harbor East, which he calls “a rapidly growing and dynamic part of Baltimore,” as a good spot for another hotel. Harbor East has already attracted a host of hotels ranging from limited-service to high-end. The hotels already up in the neighborhood include the Four Seasons, Marriott Waterfront, Courtyard by Marriott, Hilton Garden Inn and Homewood Suites. In addition to proximity to Harbor East, Finkelstein said his hotel will also benefit from being next to Little Italy and within walking distance of Fells Point. The project is scheduled for a hearing before Baltimore’s Urban Design and Architecture Review Panel on Nov. 29.