Baltimore Business Journal reported today that Bob Kinkead, the Beard award-winning chef behind Kinkead’s, has his eyes on Phillips Seafood’s restaurant in downtown Annapolis, which he hopes to purchase and rename Hell Point Seafood.
Reports the Journal:
The Alcoholic Beverage Control Board of Annapolis on Wednesday granted Robert Kinkead a liquor license transfer for the waterfront City Dock property. The restaurant owner operates Kinkead’s, a Mobil four-star restaurant in the Foggy Bottom neighborhood of Washington.
The deal is contingent on obtaining financing in a credit-crunched market, Kinkead said in an interview.
“Banks are not lending much money,” he said. “It’s making it very difficult.”
Kinkead would take over two-thirds of Phillips’ 15,000-square-foot restaurant. The remaining, which includes outdoor seating, is under contract by the National Sailing Hall of Fame, which wants to use the space as a museum. The real estate is valued at $2.9 million, according to state property records.
The 180-seat restaurant would open in March at the earliest, Kinkead said. Kinkead came up with the name because that part of town was once called Hell Point.
Kinkead has reportedly been on the prowl for real estate for another restaurant ever since he closed Colvin Run Tavern in 2007. More as we know it.