Land preparation is being completed and construction is taking shape at The Summit at Fritz Farm, a 60-acre retail, dining and residential development at Man o’ War and Nicholasville Road. And developers say there should be plenty of ways in and out for car traffic.
Phase one of the development is scheduled to open in spring 2017, but free-standing apartments will be available in late 2016. Apartments above retail stores should be available in spring 2017, said David Silverstein, a principal with Birmingham-based Bayer Properties, developers of the property. Construction was about 25 percent completed, he said.
The $100 million first phase of the multi-use project will include about 300 apartments.
The Summit developers are still seeking a boutique hotel company for its 100-150 room hotel. The success of the 21c Museum Hotel in downtown Lexington has shown that Lexington can support the boutique hotel concept, Silverstein said.
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The new development will no doubt have an impact on the already busy traffic in the area, but Bayer has worked hard to offer motorists as much access as possible, Silverstein said.
The Summit will have one main entrance off Nicholasville Road, a right in/right out entrance off Man o’ War Boulevard, two entrances off Tiverton Way and one off Habersham Drive.
The Kentucky Transportation Cabinet’s Department of Highways has planned signal installation for the Nicholasville Road/Man o’ War Boulevard intersection from 7 a.m. until 3 p.m. on Aug. 14. The signal will be dark during this time and Lexington police will be directing traffic.
The Summit development will include Pottery Barn, a major tenant new to Lexington. Whole Foods, the organic grocery store chain, will move to The Summit from the Mall at Lexington Green.
Other retail tenants include clothier Brooks Brothers; J. McLaughlin, classic women’s and men’s sportswear; Orvis, the country lifestyle clothier; Lily Rain, a clothing and lifestyle store; and Arhaus, a furniture store that currently has a Lexington location at Hamburg.
Edley’s Bar-B-Que of Nashville is now confirmed as a restaurant tenant, joining a lengthy lineup of restaurants. Chef Ouita Michel of Midway plans to open Honeywood, a 125-seat restaurant. Babalu, a Mississippi-based tapas restaurant, plans to locate there, as does the Texas de Brazil steakhouse and Ted’s Montana Grill. Steel City Pops, a gourmet frozen treat store, will also open a store at The Summit.
In addition to restaurants and retail, The Summit will have 50,000 square feet of office space.
“It’s true mixed use,” Silverstein said. “It’s a city within a city. You live, work and shop in our environment.”
Gardening guru Jon Carloftis will be designing the Kentucky touches, including native plantings and decorative extras such as farm implements as sculpture, for The Summit.
“In all of our properties, the architecture is important, but the landscaping is as well,” Silverstein said.