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There are many things you can change and remodel in your home, but these 7 key home improvements are guaranteed to increase the value of your home. Remodeling the Kitchen. After all, the kitchen is the heart of the home and kitchen remodeling continues to have the highest budget allocation. Adding a Bathroom.
Englewood completed renovations to guests rooms and the main restaurant as well as created a fitness and wellness center above the main ball room of the famed Drake Hotel in Chicago. This number is expected to increase in 2013, sparking Chicago hotel construction. percent in 2013. Smith Travel Research reports that U.S.
We saw drawings for new Chicago restaurant projects, retail construction work, office renovations, school construction and learning center additions – you name it, we saw it. In fact, our commercial construction budget work was back to 2008 levels. In fact, in some cases, the job was a retail remodel with a square footage reduction.
It doesn’t matter what kind of new shopping center construction you desire–whether it is a Power Center, a Lifestyle Center, or a strip mall in a high-traffic infill location–nothing will be built unless the numbers make sense for the commercial construction budget. Construction budgets can make or break a deal. Commercial Remodeling.
Instead, landlords are focused on renovating shopping malls and remodeling office buildings to attract new tenants and entice existing tenants to renew their lease. Unfortunately, a landlord’s biggest liability in a commercial construction project can be an insensitive general contractor whose only concern is making his deadline and budget.
We saw much-improved activity in shopping center construction – not necessarily the building of new malls, but in general commercial contractors working with landlords and developers on pre-construction services , such as commercial construction budgeting to help them propose attractive lease deals for new tenants. Low – Green building.
I know this is a tough one to follow as we all need to keep commercial construction budgets in check, but we saw too many companies go with pick-up truck contractors in 2010 only to be burned later. While bidding on the commercial construction remodel of a 500+ sq. Don’t always take the lowest bid.
We were pulling a feeder cable through a Chicago retail construction project when we heard the explosion. At one point or another, even the best Chicago commercial construction contractors are susceptible to a construction site demon. Then, the transformer blew out. What the heck happened? Step 3: We fixed the problem. Case closed.
In addition, many national senior housing operators are in “acquisition” mode and are boosting their portfolio by snapping up value-add properties they can remodel and put under their brand umbrella. They are also in high demand, making them a smart investment for improvement and renovation budgets.
Modeled after laws in New York, Chicago, and the District of Columbia, this bill is designed to work with the County’s recently enacted PACE program to create market based incentives for building owners to increase energy efficiency. Bill 6-14 would create an Office of Sustainability.
We’re already seeing a boom in senior housing construction as new communities pop up, particularly in suburban areas, but another avenue where we anticipate a high level of construction activity next year is existing communities that must refresh and remodel to stay competitive with new players.
Here’s what stood out to me: Englewood’s retail portfolio includes experiential concepts such as American Girl Place in Chicago. Looking back to when we dipped our toes into senior housing construction, our blog posts focused on remodeling work at existing facilities.
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