Skip to main content

City has retained FranPoint Partners

Jun 20, 2011 05:50PM ● Published by Anonymous

-Additionally, the City has signed an agreement with a contractor to install the air
conditioning upgrades at the historic market at City Dock.

The administration made the formal announcements this afternoon at the
work session of the City Council.

“Despite the litany of setbacks, the City Council and I remain firmly
committed to beginning a new chapter for the Market House,” Mayor Cohen
said. “I am encouraged that we have identified a quality interim
manager and have begun the long-overdue work to fix the air

This week, the City made its selection of FranPoint Partners, which
specializes in the development of small and emerging businesses,
including restaurants, and has a strong understanding of the Market
House business dynamics. The company prepared a managerial and
operational analysis of the market two years ago.

FranPoint Partners  CEO Richard J. Sharoff led the writing of that
report. “I am delighted to be working with the City of Annapolis again
on this valuable revitalization project,” said Mr. Sharoff.  “I know
our firm can add significant value to the building, and as a 20 year
resident of Annapolis, I have a personal goal to see the success of
this historic landmark.”

The Annapolitan has three decades of business experience, including
serving as director of corporate planning for Sara Lee Corp. and chief
executive officer of Vie de France. He was responsible for transforming
a small, Midwestern ice cream company (Maggie Moos), showcasing it on a
national level and making it a huge success.  The FranPoint Partners
team will also include Carol Fearns, former general manager of
Westfield Annapolis, who will be responsible the day-to-day oversight
of Market House operations.

Fresh Air Concepts, a Howard County-based HVAC contractor, who will
install the upgraded heating and air conditioning system, was selected
via competitive bidding earlier this month.

The company started work on installing the air conditioning system
earlier this week. This phase of the project will cost $278,000. Over
the next few weeks, fire proofing work will also be completed by
Absolute Fire Protection, a Severna Park company.

Phase two of the heating and air conditioning project will be completed
in early 2012 when geothermal wells will be installed.  The overall
budget for Market House renovations is about $500,000.  The City has a
$96,000 federal grant to defray the cost of the geothermal system, as
well as $250,000 of matching bond funds from the State of Maryland for
the overall improvements.


Community local news
  • Race/Walk Start: 8:00 am - Half Marathon 8:45 am - 5k Jogging Joe Shafran Memorial Run 9:00 am...

  • North American Sea Glass Festival

    10:00AM — 04:00PM

    The 12th Annual North American Sea Glass Festival will be held on Saturday, September 23rd, 10 a....

  • Concours d' Elegance 2017


    After nine years, the 11th annual St. Michaels Concours d’ Elegance returns to the waterfront law...

  • 27th Annual West Annapolis Oktoberfest

    10:00AM — 05:00PM

    Enjoy a day filled with beer, German food, West Annapolis businesses, artist and craft vendors, l...

  • The Baltimore Book Festival

    11:00AM — 07:00PM

    Join Baltimore’s annual celebration of the literary arts as the Baltimore Book Festival returns t...

  • Blazers. Bourbon. Cigars

    06:00PM — 09:00PM

    Join Historic Annapolis at the William Paca House and Garden for the original premiere Gentlemen'...

  • Clays 4 A Cause


    New venue this year! Come test your aim at this sporting clays events at Shrader’s Bridgtown Mano...

  • Wine on the Beach

    11:00AM — 07:00PM

    Rediscover the best of Maryland fare at Wine on the Beach, a celebration of the burgeoning wine i...

  • Easton Airport Day

    10:00AM — 02:00PM

    Look out below! It’s a rubber chicken bomb! On Saturday, September 30th, 10 a.m.–2 p.m. at Easton...

  • Wine on the Beach

    11:00AM — 07:00PM

    Rediscover the best of Maryland fare at Wine on the Beach, a celebration of the burgeoning wine i...

  • Hope Re-Imagined: Esperida

    06:30PM — 10:30PM

    Ancient Greeks recognized that community members experiencing mental illness need healing care an...

  • The fourth annual Anne Arundel County Lifeline100 Bicycle Event hosted by Anne Arundel County Pol...



Towne Social