IHOP replacing Panera Bread on East Pratt Street in the fall
According to officials, the International House of Pancakes signed a lease with David S. Brown Enterprises, for about 5,000 square of ground floor retail space at Lockwood Place, a mixed use retail and office project. IHOP is set to open this fall. The complex reportedly features 90,000 square feet of retail and restaurant space in a three story glass and steel building situated directly next to the National Aquarium in Baltimore and the Pier IV Concert Pavilion.
IHOP, which was founded 60 years ago, has 1750 locations nationally and internationally. The brothers who will hold the franchise, Dr. Deepak and Dr. Sunil Shrestha, also own restaurants in Catonsville, Columbia, Jessup, Forestville and Oxon Hill.
Sunil Shrestha says, "We have been searching for the optimum space downtown for many months and believe this location places us in the center of activity based on its proximity to the harbor attractions. It is near the concert hall, tourist attractions and sports venues, as well as close to several apartments, hotels and office buildings. We plan to offer quick and high-quality meals as well as coffee bar to both residents, office workers and tourists."
Lockwood Plaza also reportedly includes roadside visibility from Pratt Street, it is in a high traffic area of Baltimore City in the Inner Harbor region and is surrounded by numerous high rise commercial office towers.
Ken Bernstein of David S. Brown Enterprises says, "IHOP is a highly-recognized and iconic brand with a loyal consumer following, and its entry into Baltimore City provides a compelling new option for local employees, residents and visitors. The concept represents a tremendous fit for Lockwood Place given the high volume of pedestrian traffic in the Inner Harbor region and street frontage and visibility."