New Ballantyne proposal calls for over 400 more apartments and townhomes
Developers are looking to transform an office building in south Charlotte’s Ballantyne community into an apartment and townhome complex.
A 411-unit multifamily complex is being proposed at 10840 Ballantyne Commons Parkway, according to a sketch plan review filed to the city of Charlotte on Tuesday. The development is being proposed by Northwood Ravin, a spokesperson confirmed to The Charlotte Observer.
Sketch plan reviews are non-formal meetings between developers and the city to go over potential projects.
The proposed development would spread through five apartment buildings and seven town house buildings, according to the plan’s description. The project is titled Rushmore One, which is currently an office building in Ballantyne Corporate Park. Credit card company Synchrony Financial moved into Rushmore One in 2015.
As of last March, the entire building was marketed as available to be leased. Leasing options included a signage opportunity and all three floors of the more than 171,000-square-foot building. Northwood Office is leasing the space.
Synchrony is relocating to The Towers at SouthPark, according to a spokesperson. The new space will open later this year as its being redesigned to support hybrid work, the spokesperson added.
The sketch plan is exploratory, a Northwood Office spokesperson said, and declined to provide additional comment. Northwood Ravin also said there weren’t any details to share.
If developers move forward with the plan, it would mean another housing project is coming to the “Ballantyne Reimagined” development.
About Ballantyne Reimagined
Northwood Investors purchased the 535-acre corporate park for $1.2 billion in 2017. The goal was to reimagine Ballantyne as an urban and walkable neighborhood.
Since then, developers have created The Bowl at Ballantyne, along with more housing and shopping options.
Northwood Ravin filed a land development construction plan in late November for a 3.1 acre site at The Bowl at Ballantyne, according to city records. The plan mentions transforming a parking lot at 14180 Stream Way into a mixed-use tower with multifamily units, retail and an urban streetscape.
Northwood Office completed Oro Ballantyne in mid-November, the largest tower at The Bowl at 26 stories. That tower has 356 units, ranging from studios to three-bedrooms and townhome and penthouse options.
And Northwood Ravin’s last project at The Bowl was Towerview at Ballantyne, which was completed in 2021. That’s a 16-story tower with 212 units.
Wegmans is planning to open its first Charlotte location in Ballantyne.
Whole Foods Market is planning to take over the former Earth Fare space at Toringdon Market shopping center at 12235 North Community House Road. And SoFi Technologies, a San Francisco-based fintech, signed a lease in the area and plans to create 225 jobs with an investment of $3 million.
