Bayer Properties announced today that it has placed an approximately 125-acre tract of land along Highway 280 across from The Summit Birmingham under contract. A significant portion of the tract is being sold by AT&T in connection with its plan to relocate various offices within Birmingham.

“We will be working with local officials and doing the necessary due diligence prior to formalizing plans for the site located across Hwy 280 from The Summit,” said Jeffrey Bayer, President & CEO at Bayer Properties.

David Silverstein, principal at Bayer Properties, added, “We certainly understand the sensitivity around development in this location, and our goal is to create a project that will be complementary to The Summit and surrounding areas and will be a true amenity for the community.”

In addition to this new site, Bayer Properties is also redeveloping The Pizitz in downtown Birmingham. The historic former department store is being transformed into apartments, creative office space and a food hall.

About Bayer Properties

Birmingham, Alabama-based Bayer Properties LLC specializes in developing, leasing, managing and marketing mixed-use real estate properties nationwide. Bayer Properties currently owns and/or operates retail and office properties totaling approximately 10 million square feet, including The Summit in Birmingham, Alabama, the Mount Pleasant Towne Centre in Mount Pleasant, South Carolina, and The Summit in Reno, Nevada. New developments include The Pizitz Building urban revitalization project in Birmingham, Alabama, and The Summit at Fritz Farm, a mixed-use project in Lexington, Kentucky. For more information, visit bayerproperties.com.