The two-decade evolution of the Inner Harbor’s east side from rough industrial to ritzy waterfront will continue this summer with the opening of another high-end residential building called Liberty Harbor East.
A Baltimore County judge dismissed much of the claims the second wife of bakery magnate and Harbor East developer John Pakerakis made against his children, saying they stole money that she should have inherited.
The children of bakery magnate and developer John Paterakis have counter-sued his second wife, saying her extravagant spending rather than their management of his estate is why she is inheriting less than she would like.
The lawsuit John Paterakis’ widow filed this week against the bakery magnate’s children is a “desperate attempt … to obtain more money than she was left,” one of his sons wrote in a letter sent to thousands of H&S Bakery employees this week.
Breaking their silence, the children of bakery magnate and developer John Paterakis say that his second wife's lawsuit against the over his estate makes outrageous claims. Meanwhile, Roula Paterakis' widow files to remove his children as representatives of his estate.
Beyond the family feud over millions of dollars of cash the late John Paterakis allegedly left behind, the suit filed by his widow includes allegations of tax fraud that could attract the attention of state and federal authorities.
The widow of John Paterakis is suing his children, alleging in a lawsuit she filed Monday that they concealed millions of dollars of the bakery magnate and developer’s estimated $1 billion fortune to deny her what she’s entitled to.
Marriott International is reviewing the cladding used on the outside of the Baltimore Marriott Waterfront hotel to make sure it complies with safety standards after the same material accelerated a London apartment building fire that killed dozens.
As Bill Paterakis prepares to take the helm of the family's companies following the death of his father, John Paterakis Sr., on Sunday, the son said he expects to take a more conservative approach. The family plans to continue to develop Harbor East and to expand the bakery business.
John Paterakis, the multimillionaire risk-taking baker who built his H&S Bakery into the largest privately owned in the country, redeveloped Harbor East, and made governors and mayors his political beneficiaries, died Sunday. He was 87.
An excavator scooted through a parking lot in Harbor East on Monday, clawing up slabs of asphalt as work started on one of Baltimore's biggest new real estate projects, a massive development that promises to fill the last gap in the Lancaster Street waterfront.
Former Mayor Sheila Dixon, who has led in polling but trails Pugh in fundraising, recently got a boost when business leaders held a fundraiser for her at developer John Paterakis Sr.¿s Marriott Waterfont Hotel in Harbor East.
Baltimore's spending panel approved Wednesday a memorandum of understanding with the state for millions of dollars to tear down 4,000 vacant houses as part of a project designed to transform blighted sections of the city.
Three stories of a new office tower now poke above the ground on the waterfront peninsula between Fells Point and Harbor East. A 280-foot yellow crane, several excavators, dump trucks and loaders, and the sound of incessant beeping filled the site Monday, as some 275 workers shifted waste, finished driving piles, and poured concrete in advance of a Wednesday ceremony to formally mark the tower's rise.
Baltimore's assessable tax base increased by $1.3 billion last year, the state tells us, so what's wrong with this picture? What's wrong is this: Baltimore's growing wealth could cost it $14 million in state funding for our public schools.
For years, Baltimoreans United In Leadership Development (BUILD) has raised alarms about the subsidies that were given away to developers in the form of tax abatements, tax increment financing (TIFs) and payment-in-lieu-of taxes (PILOTs). Subsidizing Baltimore's newest developments always with the promise that "everyone in Baltimore will benefit" and with little to no concern for the far-reaching impact must end.
By Andrew Foster Connors, Glenna Huber and Douglas Miles