Birmingham, Ala. — Whole Foods Market has signed a lease for 40,000 sq. ft. at The Summit in Lexington, Ky. Currently under development by Bayer Properties LLC, The Summit Lexington is a mixed-use project with 450,000 sq. ft. of retail and restaurants plus 306 multi-family residential units.
Phase I of the project will open during the spring of 2016 with 340,000 sq. ft. of retail and the full complement of the planned 306 residential units. Phase II will add 110,000 sq. ft. of retail.
Bayer Properties LLC specializes in developing, leasing, managing and marketing mixed-use real estate properties nationwide. The company currently owns or operates retail and office properties totaling approximately 10 million sq. ft., such as The Summit in Birmingham, Ala., Mount Pleasant Town Centre in Mount Pleasant, S.C., Front Range Village in Fort Collins, Colo. and The Summit in Reno, Nev. New developments include The Pizitz Building urban revitalization project in Birmingham, Ala., and The Summit Lexington, a mixed-use project in Lexington, Ky.