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Ritz-Carlton Residences restaurant space purchased
(The Daily Record/Maximilian Franz)

Ritz-Carlton Residences restaurant space purchased

Sip Wine Shop & Restaurant has purchased the restaurant space at The Ritz-Carlton Residences, Inner Harbor.

The deal was announced Wednesday by RXR Realty, the Ritz-Carlton Residences’ developer. The new Sip Wine Shop & Restaurant is expected to open on Labor Day 2014.

“We are thrilled to welcome Sip Wine Shop & Restaurant to The Ritz-Carlton Residences, offering a new dining experience for our residents, friends and neighborhood locals,” Joe Graziose, senior vice president of RXR Realty, said in a news release. “When deciding on a concept, we knew we wanted a restaurant with sophisticated wine and menu options like no other in the area. We believe the wine selections and mix of flavors Sip’s menu offers, will be an added amenity to The Residences, and will serve as invitation to everyone in the region to come and drink, taste and discover the best new restaurant in Baltimore.”

At the restaurant 50 wines will be available to be ordered by the 1-ounce sip, half-glass, full-glass or by the bottle. In addition there will be 150 bottles of wine available from all over the world from such locations around the globe as New Zealand, Chile and France.

The 5,800-square-foot restaurant will serve a tapas-style menu for lunch and dinner. The restaurant will also feature an open kitchen and seasonal outdoor dining. The concept will be the same as the Sip Wine in Milton, Georgia that opened in 2007. The space itself hasn’t been previously occupied and has always been “raw space,” according to a spokesman.

According to the news release, the restaurant will have a “bold industrial chic atmosphere highlighted by distressed wood and a vibrant color scheme that is perfectly complimented by dark wood tones.”

The 192-unit Ritz-Carlton Residences, a $250 million luxury condominium development, opened on Key Highway in 2007 during the tail end of a boom in high-end building in Baltimore. At that time, penthouse units were selling in the building for as much as $5.5 million.

But by August 2010 the developer had only sold 23 condominiums.

It was the second Ritz-Carlton project that did not have a hotel component. The first opened in Jupiter, Florida, in 2003.

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