A mixed-use building planned as part of BB&T Ballpark, home of the Winston-Salem Dash (High Class A; Carolina League), is on hold after a developer failed to secure financing and withdrew from the project.
Lindbrook Development Services withdrew from building the six-story, 100,000-square-foot structure, which would have contained a ground-floor restaurant and Class A office condominiums, according to the Winston-Salem Journal. It would have located past the concourse in right field. In addition, the Dash would have moved its team offices to the new building. The issue: a potential lease for upwards of half the building fell through, leaving Lindbrook without the leverage to attact financing.
This building was once a key when Dash owner Billy Prim pitched city officials on buying the financially troubled ballpark. However, since then, Prim has put off plans to move his own bottled-water company to ballpark office space, and city officials say their financing for the ballpark is not dependent on property taxes generated by any ballpark office space. Still, the city says it intends to move ahead with other commercial space as part of a second phase of ballpark development.
Photo: Opening Night at BB&T Ballpark.
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