Not long after Nick’s Fish House opened in 2004, overlooking the Patapsco River, the neighborhood around it began to transform.

Then in 2015, Kevin Plank’s Sagamore Development purchased the restaurant for nearly $6 million and hired industry veterans Jim Weisgerber, Eric Sugrue and Steve Montgomery to run the place. They upgraded the crab house’s deck, adding a new bar and live music.

This year, Sagamore Ventures is “handing the reins” back to them by selling them the property, the company’s Chief Financial Officer Greg Resh said in a statement. Resh called it an “honor to be a part of the continued success of the neighborhood’s very first tenant.” State tax records show the property changed hands in July for $750,000. A spokesperson for developers said that figure was related to the marina and did not represent the full purchase price of the restaurant.

In a release, Montgomery said the team is planning expansions and upgrades to the site to serve the growing area, which was previously called Port Covington and is now known as Baltimore Peninsula.

The sale comes as Baltimore Peninsula is poised to become one of Baltimore’s top dining destinations. The area recently welcomed the revamped Rye Street Tavern, run by Clyde’s Restaurant Group.

Other planned concepts include Slurp Noodle Bar, which will bring hand-pulled noodles and other traditional Chinese dishes to the ground floor of Rye House next year. Pinky Cole’s Slutty Vegan and Bar Vegan as well as a Ben & Jerry’s location are all expected to open this year.

This article has been updated.