The owner of Ballantyne in south Charlotte has announced plans for a 25-acre town center development to include shops, restaurants, parks, an amphitheater and 2,000 apartments.
Northwood Office LLC proposes to develop its lands between the Ballantyne and Aloft hotels, Northwood president John Barton said at a community meeting at the hotel on June 8. Barton did not know how much of an investment the project would involve, according to the reports.
The Charlotte Observer says the developer told reporters at the meeting that he intends to seek a rezoning for the land this summer and start construction of the first phase of the project by early 2020. The first phase, called Ballantyne Center for now, will include 1,000 multifamily units and about 150,000 sq. ft. of retail.
The newspaper reported that in April Lending Tree had announced it would move its headquarters from Ballantyne, where it had been since 2000, to South End. The financial technology company cited South End’s amenities, such as access to light rail, that would help it attract workers in a competitive labor market.