South Charlotte can sit back and enjoy the fact that the ever popular 175,000 sq ft
Ballantyne Village has restructured its mortgage debt which in turn, ended the threat of foreclosure. Ballantyne Village is a popular entertainment destination for South Charlotteans and definitely draws from areas outside the immediate population. The village offers a variety of fine eateries, high-end shopping, boutiques, office space, a movie theatre and a YMCA. Weekends are usually hopping with energy as young professionals gather to blow off steam from the work week. I know that many times, I walk to the Village to enjoy some Panera eats as well as attending Church there on Sundays.
Amazingly, Ballantyne Village was valued at $71,000,000 at the peak of the market in 2006 but was recently valued at $31,000,000! Talk about a market correction! All of this aside, it's good to see that
BV Retail was able to restructure the loan and proceed with business.
- Ballantyne Village
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
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