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Ballantyne

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11 hours ago, kermit said:

It was nice of the county to provide this textbook image illustrating why sprawl reduces productivity. In a world where money is made by skilled people interacting with other skilled people this may be the stupidest arrangement of space imaginable.

 

 

 

I have a blue light filter on my phone and I though those were random grassy patches. What in the parking hell.... 

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The project at Ballantyne Village is being financed by the federal EB-5 funding program, as is the Intercontinental in Uptown. (Cynically, EB-5 sells US Green cards to foreigners if they are willing to invest a lot of money in risky projects and make below market returns)
That program is having issues at the moment, some related to fraud, but the bigger issues are the increasing wait times for green cards, which is making investors nervous.




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Fantastic.... is 11 stories a new-tallest for Ballantyne? Great that there are apartments being added as well.

Now where are the express light rail trains to uptown *cough cough*

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19 minutes ago, Matthew.Brendan said:

Fantastic.... is 11 stories a new-tallest for Ballantyne? Great that there are apartments being added as well.

Now where are the express light rail trains to uptown *cough cough*

11 stories would be the new tallest for Ballantyne yes and I think an extension to Ballantyne by LYNX is something Northwoods would support in the future. 

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Do you guys think an Apartment Tower in Ballantyne (My guess is 8 to 10 stories) would do well in the Corporate Park?  I can understand towers in Southend (Hawk) or Uptown but one in Ballantyne?  The Park does have sidewalks throughout but strikes me as much more Car Centric so not sure how well Apartments would do here. 

Another question is does the Ballantyne Village Area fall under Northwood Ravins purchase of the Corporate Park?  Was talk many years ago about an Apartment Tower above the parking deck there.

Edited by Hushpuppy321

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1 minute ago, Hushpuppy321 said:

Do you guys think an Apartment Tower in Ballantyne (My guess is 8 to 10 stories) would do well in the Corporate Park?  I can understand towers in Southend (Hawk) or Uptown but one in Ballantyne?  The Park does have sidewalks throughout but strikes me as much more Car Centric so not sure how well Apartments would do here. 

Another question is does the Ballantyne Village Area fall under Northwood Ravins purchase of the Corporate Park?  Was talk many years ago about an Apartment Tower above the parking deck there.

As there are no real suburban midrise apartments hard to say.  But if the rents are somewhat comparable to new complexes in the area I would say yes.  People love views and this would have a golf course view. 

Ballantyne Village is not owned by Northwood.  and yes an apartment tower was talked about there too and a hotel but not sure anything solid has happened.  

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12 hours ago, KJHburg said:

New 11 story office building to be started next month in Ballantyne and along with an apartment tower of some size.  First for new owners Northwood and Northwood Ravin is doing the apartments.  

https://www.bizjournals.com/charlotte/news/2019/05/09/first-look-northwoods-first-development-as-owner.html

Very exciting!

Maybe this will start a Development trend of densifying the corporate park with true mixed use.

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3 minutes ago, FreeOpinions said:

Very exciting!

Maybe this will start a Development trend of densifying the corporate park with true mixed use.

I think you should figure out how to check your Urban Planet inbox.

Edited by ricky_davis_fan_21
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UNCC Urban Inst. article about adding higher density apartments to Ballantyne (there are apartments there now just low rise suburban type garden apartments) 

https://ui.uncc.edu/story/Ballantyne-SouthEnd-Office-Apartments

they point out it is as interesting a development as all the Class A office space being added to South End where there was none before.  

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The apartment tower is supposed to be 16 floors, meaning it could be a bit taller or about the same as the 11 story office building. 

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^^^That rooftop fire pit has to be the largest in Charlotte.  Very nice amenities for suburban office building. 

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