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Deals & Dealmakers

Ballantyne Village – a True Mixed-Use Development – Continues to Grow with New Retail, Office, and Hospitality

 In the past six months, retail leasing momentum at Ballantyne Village has come back in a big way, adding several new restaurant, bar, and beauty concepts to the tenant lineup. Foundry Commercial, which leases and manages retail at the center, was also recently named the exclusive office leasing agent at Ballantyne Village, where a former movie theater was recently converted into a 55,000+ square foot Class-A office property.

“We’re experiencing incredible leasing momentum throughout Ballantyne Village as we emerge from the pandemic, attracting a high-end consumer to the live-work-play environment that’s become so synonymous with this community,” stated Greg Guido, Co-Managing Member of Stonemar Properties, the property owner. “Our new office space has floor-to-ceiling windows, an abundance of natural light, high ceilings, and a one-of-a-kind opportunity to create a private rooftop amenity space for the exclusive use of the new tenant. And with all the restaurants, fitness, and service-oriented tenants, as well as shopping available directly below the office space, our highly amenitized environment is a perfect fit for today’s workforce.”

Recently, Foundry Commercial leased retail space at Ballantyne Village to Casa Del Tequila, a 2,623-square-foot authentic Mexican restaurant and tequila bar; Vel Tree, a 2,503-square-foot soulful vegan restaurant; and Deka Lash, a 1,082-square-foot eyelash extension and beauty shop. Vel Tree is open, and both Casa Del Tequila and Deka Lash are expected to open by early summer.

Just last month, in addition to providing retail brokerage and property management services at Ballantyne Village, Stonemar Properties tapped Foundry Commercial to also handle office leasing at the center, which offers large floor plates optimal for various layouts, 13’ ceiling heights, the potential for a private tenant rooftop, and unparalleled access to amenities. Ballantyne Village has recently attracted attention as the highly anticipated 186-guestroom AC Hotel Charlotte Ballantyne opened there earlier this year. Additionally, directly across the street is the phased ‘Ballantyne Reimagined’ project – with the intention of creating a more urban, walkable community – which is expected to include 10 additional parks, an outdoor amphitheater to accommodate 3,500+ people, a brewery, and a connection to the greenway.

Given the momentum and recent development in the area, interest in adding more Class-A office space in the Ballantyne neighborhood increased. Located directly above 40+ food and beverage, fitness, and boutique shopping concepts, and connected to the new hotel, Ballantyne Village’s office property boasts 55,000+ square feet of available space. The office space features plentiful parking on a recently revamped covered parking deck, ample directional signage, and an outdoor patio space overlooking the center’s retail.

“There’s really nothing quite like this office opportunity in the Charlotte area, and as we experience increasing interest from tenants for highly amenitized office properties, Ballantyne Village is one of the best options in the market for tenants to cater to this demand,” said Meredith Ball, Office Agency Leasing Partner for Foundry Commercial.

Ballantyne Village is located at the southwest corner of Johnston Road and Ballantyne Commons Parkway, the most prominent intersection in Ballantyne. Office tenants can currently activate an amazing signage opportunity at the high-traffic entrance to the plaza.

As stated previously, Foundry Commercial handles office and retail leasing as well as management of Ballantyne Village. Foundry Commercial’s Meredith Ball and Claiborne Dandridge are leasing the office space at Ballantyne Village; Keely Hines handles retail leasing. For leasing inquiries, call 704-523-0272. 

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