“Completed in 1925, the Pizitz was home of the eponymous landmark department store owned by Louis Pizitz, a Jewish immigrant who turned a modest dry goods mercantile into a regional retail empire. The property was completely renovated and reopened in 2016. It features 143 luxury residences, an award winning food-hall, coworking space, and an art-house theater that together have catalyzed the renaissance of downtown Birmingham”
Property Type: Mixed-Use
Building Area: 251,000 sq. ft.
Year Built: 1925
Year Renovated: 2016
Total Development Cost: $68,000,000
Developers:
Bayer Properties
Wisznia|Architecture+Development
Stonehenge Capital
Architects:
Wisznia|Architecture+Development
KPS Group
General Contractor: Brasfield & Gorrie
Financing:
HUD/FHA-Insured 221 (d)4
HUD 108
Federal Historic Tax Credits
State Historic Tax Credits
New Markets Tax Credits
Alabama Saves Energy Conservation Loan
Birmingham City Infrastructure Grant
Residential Units: 143
Retail Area: 39,855 GSF
Office Area: 12,993 GSF
Parking Spaces: 365