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BUILD asks Paterakis for $10M donation

Is John Paterakis Santa Claus? That could be the case if a local church-based community group gets its wish for a $10 million donation, requested during a sit-down in the billionaire developer and bakery mogul’s Harbor East offices recently. Baltimoreans United in Leadership Development, or BUILD, asked Paterakis to show them the money so they could dedicate it toward a fund for school construction. According to Rob English, BUILD’s lead organizer, the group made the ask, but was politely given no firm answer or commitment. In mid-November, BUILD marched on Harbor East, once a rotting waterfront warehouse enclave now called the city’s “gold coast,” seeking to raise awareness of the need for wealthy developers like Paterakis to help support youth-based programs in the community and school renovations. The city has given them large tax breaks, BUILD argues, and that has hindered revenues. It’s a debate that is certain to carry over into the new year. ***** SG Partners LLC recently purchased a 13-building portfolio on Ambassador Road, Governor’s Court and Windsor Boulevard in Woodlawn for $32.4 million. The mix of single-story and two-story commercial office product totals nearly 375,000 square feet of space and is 79 percent leased, officials said.

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