Stewart Penick’s Terrace, formerly Terrace Cafe, opened its SouthPark location in 2009 and quickly became a favorite among the Charlotte’s brunch and breakfast crowd, whipping up some of the city’s best red velvet waffles along with other breakfast dishes. A little over three years later, the brand introduced the Ballantyne location.
This past week, with only a sign taped to the door, it was announced that the SouthPark location was closed and customers should visit the Ballantyne store. Less than 24 hours later, the restaurant’s founder told CharlotteFive that both stores had closed.
“After some extensive negotiations that were not favorable for the Terrace Cafe of Ballantyne LLC location, I decided to close that location on Friday, November 8th, 2019, as well as the Terrace Cafe LLC Southpark location earlier in the week,” said Stewart Pennick, founder of Terrace Restaurants.
Penick said the brand had a great run, but he felt it was in the best interest to close both locations this week.
In early October, an unfavorable health inspection brought negative attention to the Ballantyne restaurant. A health inspector observed 6 medium-size roaches on the kitchen walls and one in the dining area, which led to an 87.5 ‘B’ rating for the restaurant.
In a subsequent inspection on November 1, scores increased by almost 10 points to a 96.5 A, with many of the previous violations cleared.
Closing amid SouthPark growth
The SouthPark closing comes amid a burst of growth in that area. Later this year, a second AC Hotel by Marriott is slated to open. The hotel will feature a bar on its eighth floor, complete with skyline views and a craft beverage menu.
Additionally, the city is working toward plans for a 3-mile cultural loop to connect Piedmont Row, Morrison Regional Library and Phillips Place. The multi-million-dollar investment will mirror Indianapolis’ Cultural Trail, an 8-mile project in the city’s downtown area, with plazas and distinctive artwork.
SouthPark’s Piedmont Town Center is currently home to several other restaurants, including Peppervine, which opened in early March. Chef Bill Greene brought his famous concept to Charlotte after the success of his Banner Elk restaurant, Artisanal.
Changes in South Charlotte
Just a little farther south, the South Charlotte area surrounding Ballantyne has also experienced growth.
A new AC Marriott Hotel with a rooftop restaurant and bar and office space is being built next to Ballantyne Village. The project, which will be completed in 2021, will include about 400 parking spaces. An ongoing parking dispute at Ballantyne Village has plagued shoppers and business owners for years.
Nearby, Northwood Investors is redeveloping the corporate park it bought from Bissell Cos. in 2017 for $1.2 billion, the largest real estate transaction in Charlotte history. Northwood Office is planning a new 25-acre town center in Ballantyne with shops, restaurants, parks, an amphitheater and 2,000 apartments.
Waverly, a new neighborhood off of Providence Road about 6 miles from Ballantyne, has also continued to bring in new businesses and concepts over the last few years.
In August, Austin-based cookie delivery company, Tiff’s Treats introduced its first Charlotte location in Waverly. Fans formed a line overnight to guarantee a chance to try the baked treats during the grand opening celebration and meet celebrities Brooklyn Decker and Andy Roddick. Just last week, locally owned wine shop and bar Foxcroft Wine Co., opened its newest store there.