The Pizitz, one of Birmingham’s most iconic downtown buildings, is up for sale.
The Cushman & Wakefield Sunbelt Multifamily Advisory Group announced today they have the exclusive listing of The Pizitz, a 143 unit luxury apartment community with 41,679 SF of ground floor, mezzanine, and lower level commercial space.
In 2023, The Pizitz will turn 100 years old. Built in 1923, the building was once the flagship department store for the Alabama-based, family-owned department store chain Pizitz.
Closed in 1988, the building was restored and redeveloped for $70 million beginning in 2014 by Bayer Properties. The building reopened in 2016 after 24-months of work. Along with the apartments, the building added several amenities, including:
- The Pizitz Food Hall, home to 13 food stalls and a bar
- Forge, a coworking office space
- Two 100-seat cinemas with lounges, a bar and concession stand along with a classroom and administrative offices for the Sidewalk Film Festival
Location, Location, Location
The Pizitz is located along the 2nd Avenue North corridor and serves as a connecting point from the bustling business district to surrounding attractions such as the McWane Science Center, Lyric Theatre, Alabama Theatre, Regions Field and Railroad Park.
Interested in owning The Pizitz? Offers are due by July 28, 2022