"Time will tell if he'll someday be mentioned in the same breath as a Jim Rouse," Rawlings-Blake said of the visionary developer of Harborplace and Columbia, "but he's certainly headed in that direction."
Beatty split from Paterakis at the end of last year to form his own development company to accommodate his interests beyond the Harbor East and Harbor Point area. There was no disagreement, Beatty said, and they remain friends and continue to work together. He bought out Paterakis' share of the Harbor Point land, for a price that he declined to disclose other than it was "a lot" of money.
And it appears that Paterakis has sole ownership of any bread-baking between them. Beatty said that while he enjoys being in the kitchen or at the grill during his off hours, he realized that baking required too much precision while cooking could be more improvisational.
"You can always fix it," he said. "If something's too salty, you can always add lemon."
Michael S. Beatty
Company: Beatty Development
College: Villanova University
Job History: As a 9- or 10-year-old in Shoreham, N.Y., started a lawn-cutting and house-painting company called Par Excellence. After college, worked for South Charles Realty, which handled commercial real estate repossessions of the MNC banking company, until joining Paterakis in 1993 and later forming H&S Properties Development.
Family: Wife, Nathalie, three sons