Ballantyne (Charlotte neighborhood)

Ballantyne
Edge City / Neighborhood
Ballantyne at the intersection of Johnston Rd and Ballantyne Commons Parkway in April 2024
Ballantyne at the intersection of Johnston Rd and Ballantyne Commons Parkway in April 2024
Map
Interactive map of Ballantyne
Coordinates: 35°03′17″N 80°51′01″W / 35.0547°N 80.8502°W / 35.0547; -80.8502
Country United States
State North Carolina
CountyMecklenburg County
CityCharlotte
Council District7
Neighborhood Profile Areas75, 169, 187, 188, 189, 253, 255, 257, 355, 356
Founded1992
Annexed1999–2003[1]
Founded byBissell Companies
Government
 • City CouncilEdmund H. Driggs[2]
Area
[3]
 • Total
5,114 acres (2,070 ha)
Population
 (2016)[4]
 • Total
70,582
 • Density8,833/sq mi (3,410/km2)
Time zoneUTC-5 (EST)
 • Summer (DST)UTC-4 (EDT)
Zip Code
28277
Area codes704 and 980
Quality of Life Dashboard

Ballantyne is a neighborhood and developing edge city[5] on the southside of Charlotte, North Carolina, occupying a 2,000-acre (8.1 km2) area of land adjacent to the South Carolina border. The neighborhood is home to St. Matthew Catholic Church.

In June 2013, Wingate University announced that it was moving its Matthews campus to Ballantyne.[6]

History

Ballantyne was originally a large hunting tract owned by the Harris family, descendants of former North Carolina governor Cameron A. Morrison.[7] In 1992, Johnny Harris and his brother-in-law, Smoky Bissell, started Ballantyne Corporate Park, which has become one of the most successful master-planned communities in the United States. Harris had the 2,000 acres rezoned, the largest in Mecklenburg County history. Another developer, Crescent Resources, had already purchased the 610 acres that would later become the Ballantyne Country Club and the accompanying residential development.[8] In October 1995, Bissell bought out his brothers-in-law's shares for $20 million and established Ballantyne, named after his great-aunt. Bissell also developed and designed the Ballantyne Hotel, which opened in September 2001.

At the intersection of Johnston Road and Ballantyne Commons stand four 30-foot monuments representing transportation, technology, finance, and the human spirit of Charlotte. The art installation was commissioned by Yugoslavian artist Boris Tomic, who spent three years crafting them at a brick factory in Salisbury.[8]

Proposed secession from Charlotte

On April 14, 2012, residents met to discuss an idea of breaking away from the city of Charlotte to form their own city.[9] In the history of North Carolina, this has never been done before. If it is done, the residents will name the new city Providence. However, there is currently[when?] a North Carolina community that already carries this name and has its own zip code.[10] Due to a layout that combines a variety of land uses and densities plus a reliance on vehicular journeys, traffic congestion in the area has been a consistent problem.

Demographics

As of 2011, Ballantyne had a population of 20,936. The racial makeup of the neighborhood was 69.2% White American, 11.3% Asian American, 10.3% Black or African American, and 2.5% of some other race. Hispanic or Latino American of any race were 6.7% of the population. The median household income for the area was $96,435.[11]

Cityscape

Ballantyne Corporate Park

Ballantyne Corporate Park in December 2023

Ballantyne Corporate Park is a 535-acre (217 ha) business park. With over 4,000,000 square feet (370,000 m2) of Class A office space, the business park includes the headquarters of Dentsply Sirona, Babcock & Wilcox, Curtiss-Wright, Snyder's-Lance Inc, Premier Inc, Extended Stay America, Inc, SPX, RXO, and ESPN regional television.[12] Brighthouse Financial, TIAA, and Wells Fargo also have a major corporate presence in Ballantyne.[13]

In 2010, Ballantyne Corporate Park was recognized as International Office Park of the Year by the Building Owners and Managers Association International (BOMA).

In 2017, Northwood Investors purchased the office park to redevelop it into a dense, walkable community, referred to as "Ballantyne Reimagined" from H.C. "Smoky" Bissell, who developed Ballantyne Corporate Park. At $1.2 billion, the sale became the largest transaction in Charlotte real estate history.[14] The deal was also the third largest US office deal in the first half of 2017 according to data collected by Yardi Matrix.[15] The deal was 41 separate transactions totaling $1.2 billion. The transactions ranged in size from the Woodward Building and Gragg Building for $165 million to The Goddard School at 13820 Ballantyne Corporate Place purchased for $1.7 million.[16]

In October 2019, Northwood announced the area's first apartment tower, the 16-story Towerview Ballantyne. The building was part of the early stages of Ballantyne Reimagined.[17]

In March 2021, the Overlook, a 328,000 square feet (30,472 m2) office building opened.[18] Credit Karma leases 95,000 square feet (8,800 m2) in the Overlook building to establish an east coast headquarters in Charlotte. [19]

The Bowl at Ballantyne

The Bowl at Ballantyne in 2024.

In an effort to transform Ballantyne from a corporate park into a walkable, dense community, Northwood announced plans to construct a 25-acre mixed-use development on the current site of The Golf Club at Ballantyne. Phase I of the development includes 1,200 multifamily units, 300,000 square feet (28,000 m2) of retail, a 3,5000-seat amphitheater,[20] multiple parks, and a greenway. In May 2022 Northwood Investors gave more details about this phase, it will include 70,000 square feet (6,503 m2) of retail space and 350 apartments in a 26-story residential high rise.[21] The retail space will be anchored by Olde Mecklenburg Brewery which will be a, this will be 14,000 square feet (1,300 m2) building with a 7,000 square feet (650 m2) patio. Ballantyne's first brewery.[22][23] Phase II includes an additional 1,000 multifamily units, 300 townhomes, and 400,000 square feet (37,000 m2) of additional office space.[24]

Ballantyne Village

Ballantyne Village in September 2025

Ballantyne Village is a 171,000 square foot mixed used development (excluding the Panorama Tower). It was purchased by American Realty Advisors and Stonemar Properties for $43.2 million in 2017. Previously it was purchased by Charlotte-based Vision Ventures and Mount Vernon Asset Management for $26 million in 2013. It includes a number of restaurants, personal care business, 25,000 square feet of office space[25] with an additional 53,000 square of office being developed in place of the Regal Ballantyne Village that closed in 2020[26] , and outdoor gathering space.[25] One of the most notable tenants is Blackfinn Ameripub which employees 125 people, occupies 7,500 square feet, and has a popular outdoor seating area. Blackfinn has been a tenant since 2016.[27]

Printed media

  • Ballantyne magazine

Notable residents

See also

References

  1. ^ "Charlotte Explorer". City of Charlotte. Retrieved October 14, 2021.
  2. ^ "District 7 Charlotte City Council Member Ed Driggs". City of Charlotte. City of Charlotte. Retrieved July 29, 2020.
  3. ^ "Quality of Life Explorer (acres)". City of Charlotte, Mecklenburg County, and UNCC. Retrieved May 3, 2015.
  4. ^ "Quality of Life Explorer (population)". City of Charlotte, Mecklenburg County, and UNCC. Retrieved May 7, 2016.
  5. ^ "Home". ballantynecorporate.com.
  6. ^ "Wingate University to open Ballantyne campus in August". Charlotte Business Journal. June 5, 2013. Retrieved May 22, 2021.
  7. ^ Markovitch, Jeremy (March 2, 2016). "Being Ballantyne in the Always New Charlotte". Our State. Retrieved October 31, 2016.
  8. ^ a b Newsome, Melba (November 19, 2012). "There's Something About Ballantyne". Charlotte Magazine. Retrieved October 31, 2016.
  9. ^ "Ballantyne ponders divorce from Charlotte | CharlotteObserver.com & the Charlotte Observer Newspaper". Retrieved April 14, 2012.{{cite web}}: CS1 maint: deprecated archival service (link)
  10. ^ "27315 ZIP Code - Providence, North Carolina Map, Demographics and Data". Zipdatamaps.com. Retrieved March 26, 2023.
  11. ^ "Quality of Life Explorer". City of Charlotte, Mecklenburg County, and UNCC. Retrieved May 3, 2015.
  12. ^ Ballantyne Corporate Park Directory
  13. ^ "Bissell's Ballantyne bet pays off". Charlotte Business Journal. April 19, 2013. Retrieved May 22, 2021.
  14. ^ Portillo, Eli (March 8, 2018). "Behind the scenes on Ballantyne's $1.2 billion sale: 'A deal that wanted to be made'". Charlotte Observer. Retrieved March 8, 2010.
  15. ^ Fahey, Ashley (August 23, 2017). "Report: Ballantyne sale 3rd largest U.S. office transaction in first half of 2017". Charlotte Business Journal. Retrieved October 15, 2022.
  16. ^ Fahey, Ashley (March 2, 2017). "Buying up Ballantyne: How much did Northwood pay in Charlotte's biggest real estate deal?". Charlotte Business Journal. Retrieved October 22, 2022.
  17. ^ Fahey, Ashley (October 1, 2019). "FIRST LOOK: Northwood Ravin's first Ballantyne Corporate Park apartments to include 16-story tower". Charlotte Business Journal. Retrieved October 15, 2022.
  18. ^ Fahey, Ashley (May 5, 2021). "Northwood Office president talks $1B Ballantyne Reimagined project, what's next for office space and retail". Charlotte Business Journal. Retrieved October 15, 2022.
  19. ^ Hudson, Caroline (April 21, 2021). "PHOTOS: Inside Credit Karma's new East Coast HQ in Ballantyne — part of $13M-plus investment". Charlotte Business Journal. Retrieved October 15, 2022.
  20. ^ Franco, Elise (August 3, 2022). "Northwood Development on vision for entertainment venue at Ballantyne project, what's still to come". Charlotte Business Journal. Retrieved October 22, 2022.
  21. ^ Rago, Gordon (May 18, 2022). "See renderings of the Bowl at Ballantyne, a 20-acre project bringing a 'main street' feel". Charlotte Observer. Retrieved October 15, 2022.
  22. ^ Thomas, Jennifer (March 15, 2022). "Northwood's Ballantyne project lands OMB as efforts ramp up to bring more retail, restaurants". Charlotte Business Journal. Retrieved October 22, 2022.
  23. ^ Huguley, Collin (May 17, 2022). "RENDERINGS: Northwood Investors gives new peek at OMB-anchored The Bowl at Ballantyne". Charlotte Business Journal. Retrieved October 15, 2022.
  24. ^ "PHASING". Retrieved March 26, 2023.
  25. ^ a b "ARA, Stonemar Properties acquire Ballantyne Village". Charlotte Business Journal. May 10, 2017. Retrieved May 21, 2021.
  26. ^ "Ballantyne Village cinema to close as property owner plans 'unconventional' office space". Charlotte Business Journal. January 31, 2020. Retrieved May 21, 2021.
  27. ^ "Ballantyne Village to add women's boutique this fall". Charlotte Business Journal. July 18, 2016. Retrieved May 21, 2021.
  28. ^ Jenkins, Lee (June 26, 2017). "How Allen Iverson finally found his way home". Sports Illustrated. Retrieved November 8, 2021.
  29. ^ Milliken, Paul (July 5, 2022). "Football pioneer reflects on 1956 Sugar Bowl controversy". FOX 5 Atlanta. Retrieved March 26, 2023.
  30. ^ "Names in the News". www.sportsbusinessjournal.com. Retrieved March 26, 2023.
allikas: http://en.wikipedia.org/wiki/Ballantyne_(Charlotte_neighborhood)