Bayer Properties Selects Bethlehem Township for Upscale Regional Retail Complex.Business Editors/Real Estate Writers BETHLEHEM TOWNSHIP Bethlehem Township may refer to several places in the United States:
Bayer Properties Incorporated and Forest City Enterprises, Inc. today announced plans to develop The Summit, an 800,000-sq.-ft. upscale, open-air retail complex scheduled to open in 2006. The Summit will be the key retail component of a 500-acre, master-planned site on Freemansburg Avenue along the Route 33 extension that connects Route 22 and Interstate 78. "With the completion of Route 33, this has become the most strategic location in the region," said Bethlehem Township Manager Jon Hammer. "The Summit retail development adds to the momentum that Saint Luke's Hospital and other new developments are providing for us." Bayer developed The Summit, Birmingham, a 850,000-square-foot upscale open-air center that opened in Birmingham, Ala., in 1997 and features Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New and Parisian department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. and upscale specialty stores such as Williams-Sonoma, Ann Taylor Notable people named Ann Taylor include:
n. A small country that is economically dependent on a single export commodity, such as bananas, and is typically governed by a dictator or the armed forces. , Pottery Barn Pottery Barn is an American-based chain of home furnishing stores with stores in the United States and Canada. It is a wholly owned subsidiary of Williams-Sonoma, Inc. History , The Sharper Image and Chico's. The Summit, Birmingham also features 13 restaurants including P.F. Chang's, Cheesecake Factory and California Pizza Kitchen California Pizza Kitchen (NASDAQ: CPKI, known within the food industry as CPK) is a casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, . The developers noted that the new complex will serve a regional market by virtue of its location, size and merchandise mix. It will feature upscale retailers, distinctive architecture, extensive landscaping and sculpture, and community-centered activities. "Our analysis of the market indicates a trade area of nearly one million people with at least 85,000 households earning more than $75,000 a year," said Bayer Properties President Jeffrey Bayer. "These households do not currently have convenient access to the type of upscale retailing offered by our Summit properties. Given the excellent growth projections for the region, we believe this site represents one of the premier development opportunities in the country." The developers anticipate The Summit will feature two department stores, 75 to 80 specialty shops and multiple restaurants, in addition to other unique, themed anchor tenants. It will be part of a mixed-use regional development that will also include the announced $40 million, 180-acre St. Luke's St. Luke's or St Luke's can refer to:
The existing 200-acre Lehigh Valley The Lehigh Valley or the Allentown-Bethlehem-Easton, PA-NJ metropolitan area is a metropolitan region in eastern Pennsylvania and western New Jersey, in the United States. It is the third-most populated metropolitan region in Pennsylvania, after Philadelphia and Pittsburgh. Industrial Park VI adjacent to the site, along with retailing now under construction, leads township authorities to believe the area will become the major hub of commerce in the Lehigh Valley. "I believe, with the partnership of Bayer Properties and Forest City Enterprises, we have found the ideal combination of master-planning and development expertise to bring great upscale retailing to this region," Hammer added. "The icing on the cake is both companies' track records at forming excellent public/private partnerships in the communities where they develop properties." About Forest City Enterprises Forest City Enterprises, Inc. is a $5 billion NYSE-listed real estate company headquartered in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. . The company is principally engaged in the ownership, development, acquisition and management of commercial and residential real estate throughout the United States. The company's portfolio includes interests in retail centers, apartment communities, office buildings and hotels in 21 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . For further information, see www.forestcity.net. About Bayer Properties Bayer Properties Incorporated is a privately held, 20-year-old development, management, leasing, tenant representation and brokerage firm based in Birmingham, Ala. The company has developed Summit centers in Birmingham Ala. and Louisville, Ky., and also has new projects in the planning stages in Reno, Nev. and Fort Collins, Colo. The centers are nationally recognized for their distinctive architecture, extensive landscaping and shopper-friendly environments. For more information visit www.bayerproperties.com. |
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