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Ashkenazy Acquisition Corp.

Harborplace owners move forward with plans to improve pavilions

Baltimore officials said the owners of Harborplace are moving closer to renovating the signature Inner Harbor properties, which have faded since their celebrated opening more than 30 years ago into a collection of stores dominated by chain restaurants, souvenir sellers and vendors of cold desserts.

City Council President Bernard C. "Jack" Young said he expects Ashkenazy Acquisition Corp. to be able to meet a three-year deadline for the upgrades that was part of a lease extension signed in 2012. New York-based Ashkenazy owns the pavilions, while the city owns the land and leases it to the mall owner.

"The Ashkenazy group are moving in the right direction and...