Builder, baker, moneymaker

John Paterakis Sr.'s H&S Bakeries built a fortune selling bread. Now his H&S Properties Development Corp. is betting that making buildings rise in Fells Point will move downtown's center east. H&S Properties' Michael S. Beatty recently discussed the firm's big plans and its efforts to continue development in a downturn.

By Jon Goldstein

January 7, 2002