The Plank family has taken over a hefty slice of Canton’s waterfront.
War Horse Cities, the real estate firm founded by Kevin Plank’s brother, Scott, has acquired more than 800 docking spots for boats along the Canton waterfront, along with office and retail space and space to land and fuel helicopters, according to the BBJ’s Melody Simmons.
The developer reportedly purchased more than 16 entities at a combined price of more than $22.5 million. The marina purchase could “figure into” the expansion of the water taxi system purchased last year by Sagamore Ventures, according to the BBJ. Sagamore Ventures is owned by Kevin, known to most as the founder of Under Armour.
Scott Plank said he thinks Canton’s waterfront includes “parts of the city where we can make a substantial difference,” and that the acquisition is “about bringing more people to town or bringing new things to folks already here.”
The marina portfolio’s former owner, Selvin Passen, also sold Bo Brooks Restaurant and the marina as part of the deal.
War Horse Cities has been a partner in other ritzy developments in the city, including Fells Point’s Sagamore Pendry hotel and the recently opened Anthem House apartments right across the harbor. The firm is also partnering with Bozzuto Development on Alta 47, a 47-townhome project in Locust Point.
War Horse is also eyeing an overhaul of the Hollins Market neighborhood and has purchased numerous properties there, as the Sun reported last year.
This story has been corrected to reflect that Kevin Plank owns Sagamore Ventures, rather than Scott Plank.
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