The Summit (Birmingham)

infobox shopping mall
shopping_mall_name = The Summit


caption =
location = Birmingham, Alabama, USA
coordinates =
opening_date = 1997
developer= Bayer Properties
manager =
owner = Bayer Properties
number_of_stores = 97
number_of_anchors = 2
floor_area =
floors =
website = http://www.thesummitonline.com/

The Summit, which opened in 1997, is a 1 million square foot (93,000 m²; 9.3 ha) lifestyle center located at the intersection of U.S. Highway 280 and Interstate 459 in Birmingham, Alabama, United States.

Tenants

The open-air center offers a mix of upscale merchants and restaurants, many of which have their sole Alabama location there. The main anchors include a Belk flagship store (formerly Parisian), Saks Fifth Avenue, BCBG, Bebe, Smith & Hawken, Tommy Bahama, White House/Black Market, Williams-Sonoma, Just Add Water, Bakers, Barnes & Noble, Urban Outfitters, Abercrombie, Levi's, and an Apple Store. Outparcel restaurants include the Cheesecake Factory, P.F. Chang's China Bistro, Macaroni Grill, and California Pizza Kitchen.

Anchors

The Summit is anchored by the following tenants:

*Belk "(opened 1997 as Parisian, became Belk in 2007)"
*Saks Fifth Avenue "(opened 2001)"

Development

Bayer Properties, the owner and developer of the center, planned its construction over multiple phases. The first phase was a collection of 30 retailers and restaurants including Parisian (now Belk) and Barnes & Noble that originally opened with the center in 1997. The second phase included an additional 20 retailers including Gap in 1999. The third phase was opened in 2001 with the anchor of Saks Fifth Avenue. The fourth phase opened in 2005 and includes some 20 to 30 additional retailers and restaurants, bringing the center to nearly 1 million square feet (93,000 m²). A fifth expansion will include a luxury hotel and 15 story condo tower, in addition to extra retail space.

In 2000, the center averaged US$500 in retail sales per square foot (US$5380 per sq m), compared to a national average of US$358 (US$3852 per sq m) that same year. [cite news|url=http://retailtrafficmag.com/design/trends/retail_plant/|title=Summit shoppers give new center mixed reviews|publisher="Business First of Louisville"|last=Eagles|first=Cynthia|date=2001-11-30] In promotional literature that the developer provides to prospective retail tenants, Bayer claims that customers currently spend $117 per visit, compared to a national average of $87. [ [http://www.bayerproperties.com/files/thesummitbirmingham.pdf Promotional brochure for prospective retail tenants, published by Bayer Properties] ]

"|title=It's a Bayer market|date=2007-04-01]

Lawsuit against Belk

When Belk took over the Parisian chain from Saks and announced plans to convert Parisian stores to the Belk nameplate, Bayer filed a lawsuit against Belk, contending that the Belk brand was not as upscale as Parisian, and that the conversion violated a covenant requiring Belk to occupy the space with a "first-class" retail store. [cite news|url=http://birmingham.bizjournals.com/birmingham/stories/2006/09/04/daily13.html|publisher="Birmingham Business Journal"|title=Bayer sues to block Belk from replacing Parisian at Summit|date=2006-07-06] The suit was settled in 2007. Terms of the settlement were not made public, but Belk did announce plans to make the store a "flagship" store — its first such location outside North Carolina, and third overall in the chain — with upgraded brand names and lines over and above their standard offerings. [cite news|url=http://www.al.com/business/birminghamnews/junderwood.ssf?/base/business/1178440040247430.xml&coll=2|title=Belk knew The Summit wasn't joking|publisher="The Birmingham News"|last=Underwood|first=Jerry|date=2007-05-06] The name change took place in September 2007.

References

External links

* [http://www.thesummitonline.com The Summit Official Website]
* [http://www.bayerproperties.com Bayer Properties web site]
* [http://icsc.org/srch/sct/sct0503/index.php International Council of Shopping Centers article on Lifestyle Centers]
* [http://www.usatoday.com/money/industries/retail/2007-01-31-lifestyle-master_x.htm USAToday listing of Lifestyle Centers around the country]