Ballantyne developers reveal details on town center, including more housing and retail

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A rendering of the planned development at Ballantyne Corporate Park.

New details about Ballantyne’s planned town center development show the project will include more residential units than previously announced, as well as additional retail and entertainment space and a possible grocery store.

Dubbed “Ballantyne Reimagined,” the 25-acre Northwood Office LLC development is planned between the Ballantyne and Aloft hotels in south Charlotte.

Phase I, which will begin construction next year, will include 1,200 multifamily units, 300,000 square feet of retail and restaurants, and an amphitheater and green space. Developers said Monday it could also include a “possible grocery use along North Community House Road.”

Phase II calls for 1,000 multifamily units, 300 town homes and 400,000 square feet of office space.

Developers touted the inclusion of affordable housing included in the combined 2,200 multi-family apartments. About 175 units, or 8% of those planned, are set aside for families earning 80% of area median income, or about $63,000 for a family of four.

Northwood Investors bought the corporate park in 2017 from local developer the Bissell Cos. for $1.2 billion, the largest transaction in Charlotte real estate history.

A community meeting is set for 7 p.m. Aug. 28 at the Ballantyne hotel.

This article originally published in The Charlotte Observer.

2 COMMENTS

  1. Please please no more..the traffic is horrible.i have li ed here since 1999.the traffic is unbearable. If you plan on doing all this building then build some more and bigger roads .1st..the traffic is beyond terrible. Wrecks everyday. Build more roads..BUILD MORE ROADS. PLEASE.

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