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About
About 150 Summit
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 150 Summit, a 640-unit, 1994/1997-built apartment community located in the premier Hwy 280 corridor of the Birmingham MSA. 150 Summit is situated at the suburban epicenter of Birmingham, a sought-after location near The Summit, US-280, and the state’s top ranked suburbs. The Summit serves as Birmingham’s premier retail destination with over 1 million square feet of upscale shops and dining, and this location offers market-best connectivity to Downtown, Hoover, and US-280.
Additionally, the community’s adjacent submarkets of Cahaba Heights and Vestavia Hills have seen impressive growth, with 33%+ rent growth over the last 5 years. Further driving demand is the high barriers to entry due to local government’s restrictions on multifamily. With $5M+ in renovations in the past decade, including new roofs in 2018, 150 Summit is primed for long-term value and sustained performance.
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