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Tag Archives: developer

Baltimore seeking development consultants for Lexington Market overhaul

The Baltimore Public Market Corp. is seeking consultants to help prepare to fill Lexington Market-area retail space as well as monitor and oversee work involved with the proposed overhaul of the historic public market. The corporation, which operates the city’s ...

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Civil lawsuit accuses Baltimore developers of fraud

An investor is accusing local developers of fraud regarding the rehabilitation of properties in the North Central Historic District. San Francisco-based Foss and Co. filed a lawsuit in Baltimore City Circuit Court against Ibrahim Sheikh, Mohammed Ali Farooq and Sameena Farooq , as well as the companies Station North Development LLC and Maryland Management & Restoration LLC seeking $75,000 in compensatory damages and undefined punitive damages. The lawsuit accuses Sheikh, with the knowledge of Sameena Farooq and Mohammed Ali Farooq, of knowingly providing false information to secure an investment. "Defendants' scheme was to induce Foss to invest money into the Station North Project, falsify documents and generate false invoices to justify the investment, make false representations to the federal and state governments regarding the level of costs to rehabilitate the Properties to generate Historic Tax Credits, and then sell the Properties and Land, and move on to their next scheme," according to the lawsuit.

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Developer pledges local hiring for proposed Superblock project

A plan to grant a tax break worth millions of dollars to the developers of the proposed Superblock downtown drew a packed house to a City Council hearing Wednesday evening. The incentive would allow Lexington Square Partners to have a ...

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