BALTIMORE PENINSULA ANNOUNCES RETAIL MARKET ‘THE EXCHANGE’
Today, the Baltimore Peninsula development team announced a new retail tenant coming next year called The Exchange. This “multi-vendor goods and services retail space” will be located on the first floor of the Rye Street Market office building at 301 Mission Blvd.
The Exchange is a partnership with Slutty Vegan Founder Pinky Cole Hayes, who recently announced her restaurants Slutty Vegan and Bar Vegan will be opening in the same building. Hayes will work with the Baltimore Peninsula development team to curate the vendors at The Exchange.
The approximately 5,000 sq. ft. The Exchange will have numerous spaces ranging from 90 sq. ft. to 165 s q. ft. The spaces are designated for local retailers offering “a hyperlocal collection of merchandise and goods.” There will also be a food stall, a seating area, and additional space to be used as a yoga studio and multi-purpose room.
The Exchange will offer “flexible, shorter-term obligations, lower costs to open, and technical support for local, minority and women-owned businesses, furthering the Baltimore Peninsula development team’s MOU commitment to assisting small minority and women business owners with the expansion of their companies.”
Leasing efforts will be led by Andrew G. Segall of Segall Group.
The Baltimore Peninsula development team is comprised of developers MAG Partners and MacFarlane Partners with investments from Kevin Plank and his Sagamore Ventures investment firm, and the Urban Investment Group within Goldman Sachs Asset Management.
“The Exchange embodies our commitment to cultivating a space for local entrepreneurship to thrive,” said Plank in a press release. “Creating a dedicated space for small businesses provides the ideal opportunity for the Baltimore Peninsula development team to further fulfill its MOU commitments, which are an integral piece of our overall vision. We look forward to exploring ideas from the community and working with local entrepreneurs to provide a platform for support and growth through The Exchange.”
“There is a deep well of creative talent and entrepreneurial spirit in Baltimore that deserves a platform for growth,” said MaryAnne Gilmartin, founder and CEO of MAG Partners, in a press release. “I couldn’t be more excited to unveil The Exchange and provide our residents and visitors with a one-stop-shop for the best Baltimore has to offer. As the vision for The Exchange starts coming to life, we welcome all small business owners to reach out and share your ideas for how we can partner to create a unique, unparalleled experience in South Baltimore.”
“After recently celebrating my homecoming at Baltimore Peninsula, I couldn’t be more excited to lean into my role as development partner in Rye Street Market with The Exchange,” said Hayes in a press release. “Uplifting small business owners means a lot to me as a Baltimore-born entrepreneur, and with The Exchange, we’ll be working hard with entrepreneurs to curate an exceptional market experience that celebrates the spirit of Baltimore. As we get ready to open Slutty Vegan and Bar Vegan, I can’t wait to welcome new neighbors to the Baltimore Peninsula!”
This is the fifth retail and food concept announced to open at the Baltimore Peninsula development in 2024. The Exchange joins a revamped Rye Street Tavern by the Clyde’s Restaurant Group, Slutty Vegan, Bar Vegan, and a new coffee shop and general store by Method Co.