Monday, January 13, 2014

Update from Ballantyne Breakfast Club: New developments in Ballantyne and South Charlotte

Three representatives from Your Property People attended Saturday's Ballantyne Breakfast Club at the Ballantyne Resort.

Topics addressed and announcements included:

* An update from The Bissell Companies on a proposed office building in the Ballantyne Office Park and improvements to Community House Road.

* Vision Ventures, the new owner of Ballantyne Village, addressed improvements coming to this shopping center on behalf of consumers and tenants. This center was bank owned prior to the acquisition.

* Chuck Roskovich from Publix shared the grocery chain's excitement about the Charlotte market, and its plans for opening its Ballantyne store in February 2014.

* Crosland Southeast and Childress Klein, joint developers for the new Waverly community at the corner of Ardrey Kelly and Providence Roads, shared plans for the new neighborhood, which will include upscale multi-use commercial and residential properties. On the residential front, David Weekly Homes will be the builder for 100 single family detatched homes and townhomes, and there will be approximately 375 multifamily apartments built on the site. Ardrey Kell will likely be extended to Tilly Mill to accommodate for through traffic.

* Sharon Campbell, the General Manager for the upcoming Charlotte Premium Outlets, spoke about progress made to the new development at I-485, Steel Creek Road and Dixie Mill Road (Exit 4). This is a 82-acre joint venture between Simon Property Group and Tanger Outlets, with Phase I including 90 stores. According to Ms. Campbell, the shopping center is expected to generate $140 million in annual sales and $10 million in sales tax for the region.

* Other updates included an address by the new District 7 City Council Representative Ed Driggs and State House Rep. Bill Brawley, who updated the overflow audience on local traffic funding.

The question and answer session at the end of the event focused on local citizens' continued traffic concerns, as much of this new development will likely bring increased traffic to the area.

One thing is certain: Ballantyne and South Charlotte continues to be a hot destination for retailers, corporations looking for office space, and homeowners. These free monthly Ballantyne Breakfast Club meetings provides for a great opportunity to learn about new developments, traffic issues and improvements, governmental actions, schools, and other area interests.

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