Ballantyne (Charlotte neighborhood)

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Ballantyne
Ballantyne at the intersection of Johnston Rd and Ballantyne Commons Parkway
Ballantyne at the intersection of Johnston Rd and Ballantyne Commons Parkway
Location in Charlotte
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
 • Total5,114 acres (2,070 ha)
Population
 (2016)[4]
 • Total70,582
 • Density8,800/sq mi (3,400/km2)
Time zoneUTC-5 (EST)
 • Summer (DST)UTC-4 (EDT)
Zip Code
28277
Area code(s)704 and 980
Quality of Life Dashboard

Ballantyne is a neighborhood and developing edge city[5] on the southside of Charlotte, 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, the largest Catholic congregation in the United States.

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

History[edit]

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]

Ballantyne Corporate Park[edit]

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, Tree.com Inc, Snyder's-Lance Inc, Premier Inc, Extended Stay America, Inc, SPX, and ESPN regional television.[9] Brighthouse Financial, TIAA, and Wells Fargo also have a major corporate presence in Ballantyne.[10]

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, H.C. "Smoky" Bissell, who developed Ballantyne Corporate Park, sold the development for $1.2 billion to Northwood Investors, becoming the largest transaction in Charlotte real estate history.[11] In an effort to transform Ballantyne from a corporate park into a walk-able, 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 of retail, an amphitheater, multiple parks, and a greenway. Phase II includes an additional 1,000 multifamily units, 300 townhomes, and 400,000 square feet of additional office space.[12]

Ballantyne Village[edit]

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[13] with an additional 53,000 square of office being developed in place of the Regal Ballantyne Village that closed in 2020[14] , and outdoor gathering space.[13] One of the most notable 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.[15]

Ballantyne Village

Panorama Tower[edit]

In July 2019 Charlotte-based Panorama Holdings broke ground on the Panorama Tower in Ballantyne Village,[16] it is expected to deliver in the second quarter of 2021.[17] It is a 14 story mixed used building. At an estimated height of 182 feet it is one of the tallest buildings in Ballantyne. It includes a 186-room AC Hotel by Marriott and 100,000 square feet of office space, and a rooftop restaurant. Part of the plan for the office space is co working space, which is a part of the office market that Ballantyne that is under represented.[16] The land was acquired in two separate transactions a .6 acre plot and a .5 acre for a combined totaled of $6.7 million[16] paid in 2017. The project has been financed with a $66 million loan through Medalist Capital.[18] Jane Wu, president of Panorama Holdings, said this about the project “Panorama Tower is a first for the Ballantyne area and brings new and exciting urban amenities to one of Charlotte’s top submarkets. Ballantyne already has great office, hotel and dining, so our goal is to offer something unique within each use. It’s rare to see Class A office built over a hotel, and our restaurant will offer views like no other.”[16]

Hotels are lacking in Ballantyne. The only hotels prior to the tower were the Ballantyne Hotel and three hotels in the corporate park. This hotel is the third AC hotel in Charlotte, one in uptown and in one in South Park.[16] It will occupy the first seven floors of the building. The AC lifestyle brand of Marriott is known for its modern designs which includes guest rooms feature high finishes and fixtures, large picture windows, and touches of European inspiration. Some of the other unique features include European inspired dishes as part of the hotel restaurant, a fitness center, and 16th floor ballroom that can host weddings and corporate events. The hotel is expected to open to guests in September.[19]

The Panorama Tower under construction in May 2021

Demographics[edit]

Historical population
Census Pop.
20009,466
201020,936121.2%
2015 (est.)23,49512.2%
[4]

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.[20]

Controversies[edit]

On April 14, 2012, residents met to discuss an idea of breaking away from the city of Charlotte to form their own city.[21] 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.[22] 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.

Printed media[edit]

  • Ballantyne magazine

Notable residents[edit]

See also[edit]

References[edit]

  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 29 July 2020.
  3. ^ "Quality of Life Explorer (acres)". City of Charlotte, Mecklenburg County, and UNCC. Retrieved 3 May 2015.
  4. ^ a b "Quality of Life Explorer (population)". City of Charlotte, Mecklenburg County, and UNCC. Retrieved 7 May 2016.
  5. ^ https://www.ballantynecorporate.com/
  6. ^ "Wingate University to open Ballantyne campus in August". Charlotte Business Journal. 5 June 2013. Retrieved 22 May 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 Corporate Park Directory
  10. ^ "Bissell's Ballantyne bet pays off". Charlotte Business Journal. 19 April 2013. Retrieved 22 May 2021.
  11. ^ 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.
  12. ^ "Phasing".
  13. ^ a b "ARA, Stonemar Properties acquire Ballantyne Village". Charlotte Business Journal. 10 May 2017. Retrieved 21 May 2021.
  14. ^ "Ballantyne Village cinema to close as property owner plans 'unconventional' office space". Charlotte Business Journal. 31 January 2020. Retrieved 21 May 2021.
  15. ^ "Ballantyne Village to add women's boutique this fall". Charlotte Business Journal. 18 July 2016. Retrieved 21 May 2021.
  16. ^ a b c d e "RENDERINGS: Mixed-use tower to bring hotel, office space to Ballantyne Village". Charlotte Business Journal. 22 July 2019. Retrieved 21 May 2021.
  17. ^ "CBJ Morning Buzz: Development towering over Ballantyne reaches construction milestone; Manufacturing facility closing in region; Local bars dump OMB beer". Charlotte Business Journal. 12 October 2020. Retrieved 21 May 2021.
  18. ^ "Ballantyne project moving forward despite COVID-19 uncertainties". Charlotte Business Journal. 21 May 2019. Retrieved 21 May 2021.
  19. ^ "AC Hotel Charlotte Ballantyne eyes September opening". Charlotte Business Journal. 18 June 2021. Retrieved 21 June 2021.
  20. ^ "Quality of Life Explorer". City of Charlotte, Mecklenburg County, and UNCC. Retrieved 3 May 2015.
  21. ^ "Archived copy". Archived from the original on 2012-07-22. Retrieved 2012-04-14.{{cite web}}: CS1 maint: archived copy as title (link)
  22. ^ "Zip Code 27315 Profile, Map and Demographics - Updated November 2021".
  23. ^ Jenkins, Lee (June 26, 2017). "How Allen Iverson finally found his way home". Sports Illustrated. Retrieved November 8, 2021.

External links[edit]