Almost six years after the first tenants moved in, the Ritz-Carlton Residences, a luxury condominium complex on Key Highway, has announced its major restaurant tenant.
It will be Sip Wine Shop & Restaurant, a combination retail wine market and tapas restaurant.
Based in Milton, Ga., Sip began as separate concepts - a wine shop owned by Amy and Foster Smith, and a tapas restaurant and wine bar owned by Ann and Mark Jacobs.
In partnership, the Smiths and the Jacobses now operate two Sips in the Atlanta area. The exact makeup of the Baltimore operating team is unclear.
A restaurant tenant has been touted for the Inner Harbor complex as early as 2004, when the project broke ground after long delays. The first tenants moved in back in July 2008.
In December 2010, Joe Graziose, senior vice president at RXR Realty, told the Sun that the company was in final negotiations with a restaurant operator.
Residences at the luxury complex, the first Ritz-Carlton property without a hotel component, are priced between $499,999 and $4 million.
A Labor Day opening is expected for the 5,800 square-foot restaurant, which will serve a tapas-style menu.
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