Baltimore, January 6, 2026
Metropolitan Bank Holding Corp (MCB) has completed the acquisition of Harborplace pavilions in Baltimore, marking a significant step towards revitalizing the city’s waterfront. This 3.2-acre site, a staple of the harborfront since 1980, will undergo redevelopment aimed at enhancing community engagement and economic growth. MCB has assembled a distinguished design team to modernize the area while preserving its historical significance. This ambitious project aligns with the city’s goals to attract new businesses and enrich the local economy.
MCB Acquires Harborplace Pavilions to Lead Waterfront Revitalization in Baltimore
A New Era for Baltimore’s Waterfront
Baltimore, Maryland – The recent acquisition of the Harborplace pavilions by Metropolitan Bank Holding Corp (MCB) signifies a pivotal moment for the revitalization of Baltimore’s waterfront. Completed on June 21, 2023, this takeover gives MCB full control over the historic 3.2-acre site located at the intersection of Pratt and Light streets. These retail pavilions have been a core part of the city’s harborfront since their establishment in 1980, offering a blend of shopping, dining, and entertainment to millions of visitors each year.
MCB’s commitment to this redevelopment is not only a testament to the bank’s dedication to community enhancement but also a solution aimed at reinvigorating local economic growth. The initiative aligns with Baltimore City’s broader goals to rejuvenate its waterfront and attract new businesses while showcasing a vibrant destination for residents and tourists alike.
Design Team Assembled for Redevelopment
To breathe new life into the Harborplace pavilions, MCB has brought together a distinguished four-member design team that reflects a commitment to innovative and inclusive design.
- Gensler: An international architectural firm that will take the lead in shaping the overall design.
- Sulton Campbell Britt & Associates: A minority-led firm that will contribute valuable perspectives and insights.
- BCT Design Group: Recognized for their prior work on the new Lexington Market, they will lend their expertise to the project.
- Unknown Studio: This Baltimore-based landscape architecture and urban design studio will focus on enhancing the outdoor spaces.
This team is expected to begin work immediately, focusing on modernizing the space while respecting its historical significance and community needs.
Historical Significance of Harborplace
Opened in 1980 by The Rouse Company, Harborplace has a storied past that began as a pioneer of the festival marketplace concept. Designed by Benjamin Thompson and Associates, the site has drawn as many as 18 million visitors annually at its peak. As MCB moves forward with redevelopment plans, the intention is to retain the nostalgic elements of Harborplace while introducing contemporary features that enhance its appeal and usability for today’s visitors.
MCB’s Role in Baltimore’s Waterfront Revitalization
With this acquisition, MCB has positioned itself as a key player in the revitalization of the Harborplace area. The bank views this redevelopment as not only a strategic investment but also a means to stimulate the local economy and foster urban renewal. MCB’s involvement in this project exemplifies how privately-led initiatives can complement city efforts to enhance infrastructure and economic opportunities.
About Metropolitan Bank Holding Corp (MCB)
MCB is a financial institution focused on delivering comprehensive banking services tailored to community development and urban revitalization projects. Their recent acquisition of the Harborplace pavilions underscores their commitment to strengthening Baltimore’s economic landscape.
For More Information
For updates on the Harborplace redevelopment and other initiatives, please visit MCB’s official website or reach out to their public relations department.
Frequently Asked Questions (FAQ)
What is the significance of MCB’s acquisition of the Harborplace pavilions?
MCB’s acquisition grants the bank full control over the 3.2-acre waterfront site at Pratt and Light streets, including the two retail pavilions that have been central to Baltimore’s harborfront since their opening in 1980.
Who is leading the redevelopment of the Harborplace pavilions?
MCB has assembled a diverse four-member design team to spearhead the transformation: Gensler, Sulton Campbell Britt & Associates, BCT Design Group, and Unknown Studio. These firms are set to begin their work this month, focusing on reimagining the space to better serve the community and visitors.
What is the historical significance of Harborplace?
Opened in 1980 by The Rouse Company, Harborplace was designed by Benjamin Thompson and Associates. At its peak, it attracted 18 million visitors annually and set the standard for festival marketplaces worldwide. The redevelopment aims to honor this legacy while introducing modern elements to enhance its appeal.
What is MCB’s role in Baltimore’s waterfront revitalization?
As the new owner, MCB is committed to revitalizing the Harborplace area, aligning with the city’s broader efforts to rejuvenate its waterfront. The bank’s involvement is seen as a catalyst for economic growth and urban renewal in the region.
Where can I find more information about the Harborplace redevelopment?
For updates on the Harborplace redevelopment and other initiatives, visit MCB’s official website or contact their public relations department.
Key Features of the Harborplace Redevelopment
| Feature | Description |
|---|---|
| Ownership | MCB has acquired full control over the 3.2-acre waterfront site at Pratt and Light streets, including the two retail pavilions. |
| Design Team | A diverse four-member design team has been assembled: Gensler, Sulton Campbell Britt & Associates, BCT Design Group, and Unknown Studio. |
| Historical Significance | Opened in 1980, Harborplace attracted 18 million visitors annually at its peak and set the standard for festival marketplaces worldwide. |
| Redevelopment Goals | To modernize the Harborplace pavilions while honoring their historical significance and enhancing community engagement. |
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Author: STAFF HERE BALTIMORE WRITER
The BALTIMORE STAFF WRITER represents the experienced team at HEREBaltimore.com, your go-to source for actionable local news and information in Baltimore, Baltimore County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Baltimore Book Festival, Preakness Stakes, and Artscape. Our coverage extends to key organizations like the Baltimore Chamber of Commerce and Visit Baltimore, plus leading businesses in shipping and healthcare that power the local economy such as the Port of Baltimore and Johns Hopkins Medicine. As part of the broader HERE network, we provide comprehensive, credible insights into Maryland's dynamic landscape.
