A 131-year-old Western Maryland paper mill, a major employer of residents across three states, will close by June 30. Verso Corp. said Tuesday the closure in Luke will result in 675 people losing their jobs. The employees live in Maryland, Virginia and West Virginia. The Miamisburg, Ohio, company said it is shuttering the 228-acre plant in “response to the continuing decline in customer demand for the grades of coated freesheet paper produced at the mill, along with rising input costs, a significant…
from https://www.bizjournals.com/baltimore/news/2019/04/30/western-maryland-paper-mill-to-close-impacting-675.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/184556671587
Development of an eight-story tower with 58 new apartments at Roland Park Place is underway. The senior living complex in North Baltimore has been expanding its footprint for two years under a $30 million first phase that added a new dining hall, updated health clinic, coffee bar and a 4,140-square-foot cultural center. The $60 million second phase of the project unveiled Tuesday morning will add a luxury apartment tower to the development. The project was designed by Hord Coplan Macht and will…
Legal cannabis markets nationwide garnered $80 million in sales on 4/20 this year.
JPMorgan Chase, the largest retail bank in the U.S. with $2.6 trillion in assets, plans to open 20 branches and 40 ATMs in Greater Baltimore as part of a major expansion.
The owners of trash incinerators in Southwest Baltimore and Curtis Bay are suing the city over recent legislation that they say could force them to shut down. Wheelabrator Baltimore and Curtis Bay Energy filed the complaint against the mayor and City Council Tuesday in U.S. District Court. The case revolves around Council Bill 18-0306, which places limits on the amount of carbon dioxide, dioxins, particulate matter and other air pollutants that the facilities produce. It also requires continuous…
A cluster of 38 rowhouses in Upton will soon be redeveloped as part of a $10 million project unveiled Tuesday. The homes are located in the 800 blocks of Harlem and Edmondson avenues just off Martin Luther King Jr. Boulevard and will be sold at market rates expected to reach $250,000 per dwelling. The renewal project is part of an ongoing effort to create a new gateway to West Baltimore. “This really is about the future of the west side,” said Michael Braverman, city housing commissioner. “It…
The first three vendors inside a revamped Cross Street Market could be ready to open next week. Arsh Mirmiran, a partner at Caves Valley Partners, said he expects Fenwick Choice Meats, Steve’s Lunch and The Sweet Shoppe will be back in business inside the market within a matter of days. The Towson-based developer will announce an official opening date soon. Meanwhile, construction work continues at the historic Federal Hill market, which first opened in 1846. Caves Valley Partners kicked off…
Bon Secours Mercy Health is planning to merge with an Ireland health system. The deal would follow on Mercy Health’s merger with Maryland’s Bon Secours system last year.
Biopharmaceutical firm Precigen Inc. has opened a 5,000-square-foot open gene and cell therapy manufacturing facility in Germantown. Located adjacent to the company’s headquarters, the new facility at 20376 Seneca Meadows Parkway adds to Precigen’s existing footprint in Germantown, which currently supports more than 95 employees. Precigen started building out the facility in 2018 to support gene therapy manufacturing, focusing on rapid manufacturing and scaling production appropriately to meet…