War Horse Cities, Scott Plank’s real estate development company, has purchased several waterfront properties from Baltimore Marine Centers.
The properties include boat slips, office space, retail and a heliport. The acquisition involves BMC Inner Harbor, BMC Inner Harbor West, BMC Lighthouse Point and the Clinton Street heliport and Marine maintenance. War Horse Cities, according to a statement announcing the deal, intends to create a development plan that involves working with area stakeholders.
“The Baltimore Marine Centers properties are an excellent complement to our other extraordinarily varied work including Belvedere Square, Baltimore School for the Arts, Anthem House, The Sagamore Pendry, Francis Scott Key School, and many more,” Scott Plank said in a statement. “We are very proud to join the other popular waterfront enterprises such as Little Havana, Sandlot, Rusty Scupper, Canners Row, Loch Bar, Lebanese Taverna, Wit & Wisdom, The BoatHouse Canton, and Bo Brooks – to name a few. For War Horse Cities, this project embodies our goal of driving economic impact and strengthening our vibrant Baltimore community.”
The properties along the city’s waterfront are among some of the most valuable real estate in Baltimore. Communities along the harbor have dominated investment dollars in recent years as firms such as Beatty Development, Corporate Office Properties Trust and Sagamore Development Co. have proposed or are pursuing massive development projects that could eventually reshape Baltimore’s skyline.
While War Horse Cities has not taken on projects of that magnitude, it has undertaken a variety of developments in Baltimore across a wide swath of building types. Those projects include the luxury Anthem House apartments in Locust Point, the overhaul of the Baltimore Police Department’s Western District police precinct and the Belvedere Square shopping center in north Baltimore.
The company has also started to expand its work beyond Baltimore. War Horse Cities has invested in the co-working firm WeWork, which transformed the Golden Gate Theatre Building in San Francisco.
Plank, according to an online bio, previously worked at Freddie Mac before he joined his brother Kevin’s sports apparel firm Under Armour in 2000. Plank left that company in 2012 to focus on War Horse Cities, which he formed in 2010.