Eye On Annapolis has learned the plans for the new Market House. While the City will not say, a source close to the project has said that there will be six vendors and that all of the leases are in the process of being signed. The Market House is scheduled to re-open in the spring of 2013.
Because the lease has not been signed, the primary tenant has asked us to not disclose their name. However, we can say that it is a local business in the downtown area who will be creating a new concept (for them) to utilize one third of the Market House Space. They told us that there will be four additional tenants in the completed building and that all of them will be food-related.
Annapolis Mayor, Josh Cohen spoke with us this afternoon and was not willing to confirm any information. When pressed, the Mayor said, “The Market House is still on track to open in the spring of 2013. I can say that there will be fewer vendors than before allowing more space for the vendors and customers.” The Mayor was able to confirm that all vendors will be food-based vendors and not retail goods. Cohen continued, “The Market House will never be like it was before; and our goal is to do it right. Most importantly, it needs to be economically sustainable to vendors and present an authentic Annapolis experience. I am very confident that we have the right mix of vendors and it will be a great success.”
Knowing how much of a problem the Market House has been over the past decade, Eye On Annapolis can understand the position of the City and the vendors about a premature announcement and will respect their wishes and keep it under wraps for now. When asked about when an announcement could be expected, Cohen would only say “soon.”
As we reviewed the concept, the latest iteration of the Market House will, indeed, be completely different and should be very successful. The primary vendor is familiar with the City and understands what needs to be done to bring traffic and revenue to the Market House–and we think so as well.
Stay tuned for an official announcement “soon.”