Ballantyne – Page 10 – New Angle Realty

May 3, 2016

Neighborhood spotlight: Ballantyne area’s Cady Lake

Beautiful Cady Lake in the Ballantyne area of Charlotte is a great neighborhood with proximity to fantastic shopping, dining and recreational facilities and wonderful single-family homes.

Located on Tom Short Road near Ballantyne Commons Parkway, Cady Lake is convenient to Blakeney, Stonecrest and Ballantyne Village. Everyday necessities are available at any of those destinations, and Ballantyne Village YMCA is less than 5 miles away.

I-485 access is available from Rea, Providence or Johnston roads, all of which are just a few minutes away from Cady Lake! SouthPark is convenient via Rea to Colony roads, and Uptown is less than 45 minutes away via Providence Road, depending on time of day and traffic.

Cady Lake is a Pulte Homes community with amenities that include a pool, clubhouse, tennis courts and a playground. Catch-and-release fishing is allowed in the focal point of the neighborhood, Cady Lake.

The neighborhood, which was built in 2000, has open floor plan homes between 2,400 square feet and 3,400 square feet with attached 2-car garages. Lot sizes average about one-third of an acre. Home prices range from the low-$300,000s to the mid-$400,000s.

A total of 14 homes have sold in Cady Lake during the last 12 months, for an average of 1.2 homes sold per month.

Those homes averaged $392,362 and nearly $127 per square foot. Sales averaged nearly 98% of list price in the last year. The highest and lowest sold prices in the last year are $435,000 and $310,000, respectively.

There are currently 5 homes for sale in Cady Lake, 4 of which are under contract as of May 2. Current list prices range from $347,000 to $444,900.

The neighborhood is zoned for Polo Ridge Elementary School, J.M. Robinson Middle School and Ardrey Kell High School. Polo Ridge and J.M. Robinson are within walking distance of Cady Lake. Ardrey Kell is only 3.5 miles away past Blakeney Shopping Center.

March 7, 2016January 18, 2017

Sprouts market may join Colinayre

Sprouts Farmers Market could find a home in Ballantyne as part of 521 Partners’ rezoning request for the Colinayre property at the southwest corner of southwest corner of Providence Road West and Johnston Road.

Sprouts is a health-focused grocery store that originated in Arizona in 2002 and now has 200 stores nationwide.

Like Trader Joe’s, Sprouts offers healthy foods and supplements at a more affordable price points. The grocer offers natural and organic foods, bulk dry goods, a full-service deli and baked goods.

Sprouts expanded to the southeast in 2014. This Ballantyne location would be the grocer’s first in the Carolinas.

521 Partners submitted last year a rezoning request for the 13 acres across from the Publix Super Market at Ballantyne Town Center. Currently, the property is zoned for offices. The mixed-use development plan that 521 Partners submitted would make the property a commercial center allowing for retail.

According to the request, the proposed development will include a mix of uses, including office, retail, a bank and a hotel. The site plan is broken into three separate development areas – a 3-story, 24,000-square-foot building for a bank and offices; a 4-story, 123-room hotel (Holiday Inn Express) or a two-story office building of 50,000 square feet; and a nearly 17,000 square foot office/retail building, 30,000-square-foot grocery store (tentatively Sprouts) and a 6,000-square-foot retail/dining building.

The Bank of North Carolina site and hotel are already under construction as part of a previously-approved plan.

As per the agreement with the planning commission, 521 Partners will create Johnston Road access to the new development, which was initially a sticking point for retail space approval. The entire space will be connected with walkable areas.

Sprouts will join a host of other health-focused markets in the area. Earth Fare, Trader Joe’s and The Fresh Market are all within 5 miles of the new planned Colinayre development.

March 3, 2016March 3, 2016

Southampton: Great location at a great price point

Southampton in the Ballantyne area of South Charlotte is a mature, sprawling neighborhood of about 400 single-family homes.

This family-friendly, social neighborhood s located off Ardrey Kell Road just east of the intersection of Marvin Road.

It is very convenient to Johnston and Rea roads for I-485 access. The Shoppes at Ardrey Kell, Blakeney, Stonecrest and Ballantyne Village are all less than 5 minutes away for shopping and dining close to home. A commute to Uptown will take a little less than an hour depending on traffic.

Neighborhood amenities include an Olympic-sized swimming pool, walking trails, basketball court, clubhouse and playground. The community also has its own swim team. Elon Park and Recreation Center is within walking distance.

The homes in Southampton were built in the early 2000s and consist mostly of brick veneer and vinyl siding. Many of the homes are larger starter homes of about 3,000 square feet. Homes were built by Centex Homes, Crosland and Pulte Homes. Many of the homes have gotten some light updating since originally built but typically sell for high $100,000s to $300,000s.

Currently, there are 4 homes listed for sale in Southampton. An average of 2.8 homes sold per month during the last 12 months, making the current inventory just under 6 weeks.

A total of 34 homes sold in Southampton during the last 12 months for an average sales price of $253,567. The average price per square foot is approximately $118 during the last year. Home sales averaged almost 98% of list price during the last 12 months.

There is a lot of new construction in South Charlotte right now, but many of the nearby communities are listing new homes at a higher price point. If you are looking to get into a great area and be close to fantastic schools and great shopping then take a look in Southampton.

The neighborhood is zoned for Elon Park Elementary, Community House Middle School and Ardrey Kell High School, all of which are less than 2 miles away from Southampton.

February 24, 2016

Luxury home goods, clothing coming to Blakeney

Blakeney Shopping Center is getting another high-end retailer in March with the addition of Soft Surroundings.

The St. Louis-based retailer announced its plans to expand to North Carolina, with its Blakeney shop being the company’s first in the state.

The brand sells luxury women’s clothing, home goods, jewelry and skincare in its 24 nationwide locations.

Fifteen additional locations are planned this year, and the Charlotte store will be the first of the new locations to open in 2016. A Greensboro location is slated to open later in the year.

Soft Surroundings will join women’s clothiers like Talbot, Ann Taylor LOFT, Banana Republic and White House Black Market in Blakeney.

The 270-acre mixed-use development known as Blakeney (Blakeney Square, Blakeney Crossing and Apartments at Blakeney) is located on Rea Road near Ardrey Kell Road. It includes 600,000 square feet of retail, single-family attached and detached homes, office development and apartment homes.

The outdoor shopping center has more than 13 dining locations, in addition to big anchor stores such as Target, Marshall’s/Home Goods, Best Buy and Banana Republic.

All phases of the project were completed in 2012 by developer Crosland Southeast.

Interested in a home in the Blakeney area? There are currently 4 on the market in the Blakeney area.

January 28, 2016

Reavencrest: Great location & lifestyle

The Pulte-built Ballantyne neighborhod of Reavencrest is conveniently located between Rea and Tom Short roads. The enclave of homes has been a popular destination for families since its construction in the early 2000s.

There are 5 neighborhoods within Reavencrest, each with its own unique characteristics. Those subsections are The Arbours, an enclave of patio homes with maintained lawns; The Terrace Townhomes; The Cascades; The Laurels; and Preserve at Reavencrest.

One of the obvious reasons to choose Reavencrest is its ideal location close to everything in Ballantyne. Both Blakeney and Stonecrest are within walking distance for shopping and dining. Ballantyne Village is a mere 5-minute drive from home. Citywide travel is convenient with I-485 access from Rea or Johnston roads, as well as back-road travel via Providence and Park roads.

Homes in Reavencrest average between $200,000 and the low $300,000s. Neighborhood amenities include a pool, tennis courts, clubhouse and fenced playground.

During the last year, an average of 1.5 homes per month have sold in Reavencrest. Currently, there are 4 homes listed for sale in Reavencrest, putting inventory at approximately 2.7 months.

Eighteen homes sold in Reavencrest during the last 12 months and closed for an average of 98% of list price. The highest sold price was $314,000 and lowest price was $214,500.
The average sales price is $280,300 and $126 per square foot.

Reavencrest is zoned for Polo Ridge Elementary, Jay M. Robinson Middle School and Ardrey Kell High School. All are within 2 miles of the neighborhood.

The variety of home choices and fantastic location make Reavencrest a great choice for everyone in search of a new place to call home!

January 18, 2016

Great living, location in Providence Country Club

Golf, fine dining, great shopping and spa pampering are all convenient when home is Ballantyne’s Providence Country Club.

Located south of I-485 and just north of the Union County border, Providence Country Club has luxury homes on mature lots. The country club, established in 1989, offers members a myriad services, including a pool facility, an 18-hole Dan Maples-designed golf course and a clubhouse.

Not far from home, shopping at Blakeney, Stonecrest and Ballantyne Village are all less than 10 minutes away. Traveling north toward Uptown is convenient via I-485, Providence, Rea and Park roads.

Homes in Providence Country Club typically range from the mid-400s to over $1 million. The highest sold price for the last year was $1.02 million and lowest was $468,000. The 38 homes that sold in the last 12 months sold for an average of 97.3% of list price.

The average sales price for the last 12 months is $684,287. The average price per square foot is just shy of $159.

Currently, there are 12 homes on the market in Providence Country Club, of which, only 2 are under contract. An average of 3.2 homes sold per month during the last 12 months, putting the neighborhood’s inventory at approximately 3.8 months.

Nearby Vanderbilt at Providence has 5 months inventory, while all of Charlotte and Mecklenburg County have 3.5 months inventory each.

The Ballantyne area has come a long way since the land started being heavily developed in the early 1990s. The addition of Ballantyne Corporate Park and more shopping destinations put Ballantyne on the map as a self-sustaining suburb. Now more than ever, Providence Country Club is a great destination for living and playing in South Charlotte!