Goldman Sachs, one of the backers of the massive Port Covington development in Baltimore, must be happy with how things are progressing for them in the city of Baltimore. The investment bank has publicly stated they are interested in other sites in Baltimore, including a large space at Mondawmin Mall vacated by Target earlier this year.
Target left the mall and plans to sell their building. The retailer was a key part and major anchor in Mondawmin Mall’s redevelopment in 2008.
There have been talks between Goldman Sachs and Baltimore’s Mayor about putting a movie theater in the vacant mall space.The investment bank already is heavily involved with a theater project in Newark, NJ through their Urban Investment Group, which focuses on investments that boost the fortunes of cities in redevelopment, has already committed to a $233 million investment in Port Covington.