Monday, June 6, 2011

Mellow Mushroom, Terrace Cafe head to Ballantyne Village

Ballantyne Village, which recently dodged foreclosure, announced a slew of new tenants this afternoon, including a favorite pizza joint, a SouthPark favorite, a cell phone store, a software company and an expanded massage chain.

The upscale retail location was beset by vacancies that rose to about 50 percent during the economic downturn. Initially valued at about $71 million in 2006, the property struggled to pay off its loan. A planned hotel, office and condo tower were shelved. Owner BV Retail owed more than $31 million when lenders started foreclosure proceedings last year.

But in April, Ballantyne Village reached a refinancing agreement that allowed the owners to retain a 100-percent stake and saved the 165,000-square-foot property from the auction block, where it was set to be sold in July.

Monday, Ballantyne Village announced the following new tenants:
  • Mellow Mushroom, an Atlanta-based chain offering pizza in "an eclectic, art-filled environment," is opening a 6,800-square-foot restaurant.
  • Terrace Cafe will open its second restaurant in Charlotte, adding a 3,900-square-foot store. The restaurant currently has one Charlotte location, on Piedmont Row at SouthPark.
  • Cellular Sales, an authorized Verizon Wireless retailer.
  • eBuilder, a software management firm.
  • Massage Envy, which already is a tenant, is expanding its store.
"These additions to Ballantyne Village’s tenant mix are anticipated to attract new and repeat patronage from the surrounding communities as well as metro Charlotte,"  Ballantyne Village said in a statement. "With its growing list of tenant’s Ballantyne Village serves as a destination location for shoppers, dinners and those looking for entertainment."
at

14 comments:

  1. AnonymousJune 6, 2011 at 6:07 PM

    It's Mellow Mushroom, not Magic Mushroom. You probably want to proofread your title.

    ReplyDelete
  2. AnonymousJune 6, 2011 at 6:25 PM

    What is "Magic Mushroom"? Please revise to say it is Mellow Mushroom. Proofread people!!

    ReplyDelete
  3. Ely PortilloJune 6, 2011 at 6:25 PM

    Thanks, anonymous. I simply got carried away by the magic of it all.

    ReplyDelete
  4. AnonymousJune 6, 2011 at 6:30 PM

    naw, forget the mellow mushroom, where can i get the magic ones?

    ReplyDelete
  5. AnonymousJune 6, 2011 at 8:17 PM

    Love Mellow Mushroom! Best with Terrapin or Sweetwater.

    ReplyDelete
  6. KellieJune 6, 2011 at 8:54 PM

    Any idea when these will open?

    ReplyDelete
  7. AnonymousJune 7, 2011 at 12:19 AM

    McPizza anyone?

    ReplyDelete
  8. AnonymousJune 7, 2011 at 9:17 AM

    The Magic Mushroom place is such a trip....

    ReplyDelete
  9. AnonymousJune 7, 2011 at 2:56 PM

    I LOVE them! So excited they are coming to my neighborhood and a great location too!

    ReplyDelete
  10. AnonymousJune 9, 2011 at 12:58 PM

    The word "tennants" is plural, not possesive, like "tennant's". Get it right if you're paid to write. This is simple grammar, people.

    ReplyDelete
  11. AnonymousJune 10, 2011 at 8:19 AM

    To anonymous 6/9/11 at 12:58pm, if you're going to correct someone, at least use spell check, so you don't sound like an even bigger moron. 'Tenants' only has 2 Ns (not 3) and 'possessive' has 4 Ss (not 3). This is simple spelling, people.

    ReplyDelete
  12. AnonymousJune 10, 2011 at 2:48 PM

    That's a big space for the mushroom. Good luck with that.

    ReplyDelete
  13. AnonymousJune 11, 2011 at 12:21 AM

    Be careful about the magic mushrooms. CMPD has nothing better to do than arrest people for having a good time.

    ReplyDelete
  14. AnonymousJune 14, 2011 at 7:38 AM

    Sweet, another cell phone store!

    ReplyDelete