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In commercial general construction, trends come and go…and, sometimes, come right back again. For instance, in Chicago, the Fashion Outlets of Chicago debuted on August 1 , marking the area’s first new Chicago shopping center development in 20 years. Case-in-point–the Fashion Outlets of Chicago.
Now that spring is officially here, I wanted to reflect on the Chicagoretail construction trends and news we’ve seen so far in 2011. From the new commercial construction projects we know are in the pipeline, to what I heard at the recent Bisnow ChicagoRetail Summit , I am cautiously optimistic. Michigan Avenue.
Michigan Avenue in Chicago is seeing a mix of high-end retailers and value retailers, a trend that will continue in 2013 in markets across the country. This mix benefits retailers such as American Girl, which Englewood built out in 2009 at Water Tower Place, as more foot traffic passes through the area.
Englewood Construction recently completed a Season’s 52 on Chicago’s Magnificent Mile. We are coming into the final stretch of 2013, a year that has been rather good for the commercial construction industry. In our own backyard, numerous Chicago mixed-use construction projects will be going up next year. Big is back.
If you are a player in the retail world, odds are you spent a few days in Las Vegas last month at ICSC’s “ Global Retail Real Estate Convention ” (RECON). It’s always an exciting event for the retail real estate industry. Here are my three takeaways for retail construction trends from RECON 2014: Money is out there.
In fact, Chicago cupcake restaurants and food trucks are popping up all over the place. However, the best Chicago cupcakes Englewood Construction ever had were the ones from our latest Chicago education construction job. What about satisfied commercial construction client testimonials?
As a shopping center landlord or retail developer, you might find yourself with a big empty retail space you need fill – especially if you had Borders or Circuit City as a tenant. became a multi-tenant commercial construction job…. The answer is none. If your GC doesn’t know that rule, don’t work with them.
Englewood Construction is an expert in winter condition commercial construction practices. The Chicago blizzard of 2011 is a story we’ll be talking about for generations. While most businesses, including commercial construction projects, were closed on Wednesday, Feb. Our commercial maintenance hotline was on high alert.
The grocery market has been extremely hot in the Chicago area. In the depths of a historically cold Midwestern winter, one market has remained particularly hot for Chicagocommercial general contractors—grocery store construction. Englewood recently completed a Trader Joe’s in Libertyville, Ill.
The recent Chicago City Council approval of a second Wal-Mart in the city limits is excellent news for Chicago’scommercial construction industry. History shows commercial developers do well opening new big box retail stores like Bed Bath and Beyond, Home Depot or Best Buy near Wal-Marts. in Pullman, circa 1950s.
The rise of on-line shopping has been a boon to retailers, but if we are honest, it has been detrimental to commercial general construction, with the closing of many brick and mortar retail stores. That’s why savvy shopping center developers are developing new strategies to compete and win against online retail.
Fast-casual restaurants like Noodles & Company should be a bright spot for commercial construction in 2011. It’s that time of year again, when I dust off the crystal ball to predict commercial construction trends for the following year. Around Labor Day 2008, the faucet shut off for commercial construction projects.
It’s taken some time, but shopping mall commercial construction activity is back in a big way, as owners and operators have initiated only what can be described as a renovation renaissance. Almost everywhere we look, it seems an older, out-dated shopping mall is undergoing a substantial commercial construction renovation.
For the most part, a commercial construction firm’s job is pretty straightforward. Here are three examples of when you should reach out to your commercial construction general contractor. Here are three examples of when you should reach out to your commercial construction general contractor. Before You Select A Site.
It’s time to revisit another prediction I made last year in my blog post Commercial Constructions Trends to Watch in 2010 — Outside the Big Box. As for grading myself on that commercial construction trend, I would like to borrow a page from President Obama and say “incomplete.”. Chicago Place shopping mall retrofit.
With the 2012 Summer Olympics right around the corner, it got me thinking that with London six hours ahead of Chicago, much of what we’ll be watching will be old news taped from earlier in the day. Again, the best commercial contractors know how to anticipate for these challenges and work them into the construction schedule.
Englewood recently began work on Season’s 52 in Chicago. Construction season is upon us, and you know what that means…rising commercial construction costs. The summer always brings more commercial construction activity, more bids, and, as a result, higher pricing. Don’t skimp on architects. Design Build Firms.
Observations and Conversations about Commercial Construction, Development and Management. What are Today’s Best New Retail Developments? I get asked a lot about commercial construction trends. Recently someone asked me: “What is the best retail center to build today?”. Restaurant. Shopping Center. Hospitality.
This quartet from Englewood Construction has almost 100 years of combined commercial construction experience among them -- (l to r) Chuck Taylor, Bill Di Santo, Kim Redmond and Rod Frank. If the story proves true it not only is a blemish on the commercial construction industry, but it shows a violation of trust with a client.
With our firm’s long track record in retail construction, we’ve witnessed firsthand the ebb and flow of activity across this sector over the years. It’s true the retail mix among flagship stores in prime locations is changing. Today, many of those traditional mall retailers have closed their flagships.
Englewood Construction has worked on a number of Chicagoretail construction projects in high-traffic urban areas, such as American Girl Place on Michigan Avenue. Is this a new retail construction trend ? Probably so. Probably so. But, in a residential building like Presidential Towers, you can’t do that.
Coming out of the International Council of Shopping Centers’ RECon convention in Las Vegas last month, there’s been a lot of conversation in the media around the future of retail development. 2) Vehicles to “Drive” Mall Traffic. 2) Vehicles to “Drive” Mall Traffic.
Recently, our director of operations Chuck Taylor was featured in a Chicago Tribune article based on the reporter’s curiosity about a hotel peephole he kept in his office. What made this peephole so interesting was that it was salvaged from the hotel construction renovation we did of a HoJo in Chicago.
As 2011 comes to a close, it’s time for us to look back on the commercial construction building trends , news and projects of this past year and share our thoughts on the highs and lows in the industry. In fact, our commercial construction budget work was back to 2008 levels. HIGH – Everyone was submitting drawings in 2011.
Here are our predictions of the four commercial construction industry trends we expect will shape our work in different sectors – and the construction landscape overall – in the year ahead: Senior Housing Communities Woo Workers with Facility Updates. Developers Think Outside the Big Box to Fill Retail Vacancies.
We don’t like to get hung up on milestones too much at Englewood Construction, but I think we would be remiss if we did not take a little time to reflect on the firm’s 10-year anniversary and the current state of our national commercial construction company, as well as acknowledge all of the people and hard work that got us to where we are today.
Englewood Construction is currently negotiating a contract with Mrs. Green’s to convert former Fox and Obel in Chicago. Like most businesses, the commercial construction industry is a relationship business. Here are the top three reasons to work with general commercial construction contractors in a negotiated bidding process.
At the end of 2009, I wrote a blog post called “Commercial Construction Trends to Watch in 2010.” With four months under our belt, I think the time is right to revisit one of the trends I mentioned called “Back on Track” and its relevance to the retail construction industry. Think I’ll give myself a “B” on that one.
As noted early this year, 2012 was a great year for Englewood Construction as we saw our commercial general contracting activity increase immensely. Going into 2013, we thought momentum in the commercial construction industry would carry through. Olive Garden is building its first location in Chicago. We weren’t wrong.
January is a great time to create a commercial construction checklist of resolutions to help improve your commercial real estate business in the coming year. Schedule a commercial construction preventive maintenance visit. While bidding on the commercial construction remodel of a 500+ sq.
As commercial construction news reports say business continues to pick up, we are happy to see some new faces around the office at Englewood Construction. That’s right; we are adding staff to our national commercial general contracting firm in what has been a very robust period of activity. That approach is bearing fruit now.
Commercial Construction is beginning to take off. Congratulations to Englewood Construction’s Retail Group on a ZERO punch list for our second Purple project completion in Schaumburg, IL’s Woodfield Shopping Center. Golf-X, Chicago, IL. Floor & Decor, Chicago, IL. Golf-X, Chicago, IL. Safety First!
At the beginning of 2009, I don’t think anyone, including a national commercial general contractor like Englewood Construction, was prepared for the twists and turns that would face the commercial construction industry. Low – Chicago losing the 2016 Olympic bid. High – Niche or value-driven retail construction.
Most of the commercial construction news we discuss in this blog involves new Chicagoretail and restaurant construction projects or analyzing commercial construction trends. But every once in a while we have something special to share. I’ll admit, when we heard we won we were pleasantly surprised.
I’ll say it again, 2010 was a rebuilding year for the commercial construction industry. So I’ve created a commercial construction checklist for what we considered the highs and lows of 2010 commercial construction trends. It wasn’t as bad as 2009, but not as good as 2008. Low – Green building. High – Institutional Construction.
Value-based retailers like hhgregg, Ross Dress for Less and Savers should experience construction growth in 2012. It’s that time of year when our team predicts the 2012 commercial construction trends – from what’s on tap for Chicagoretail construction to national restaurant construction and hospitality construction.
While I think everyone in the retail industry likes to hear news that 2011 retail sales are up – as it usually means new retail construction projects are in the pipeline – it’s still tough for shopping center landlords to make deals work with retail tenants. This is most popular with big retail leases in 2011.
It’s a mixed bag of commercial construction news for shopping center developement. On one hand, retail sales continue to show improvement from last year, yet the suburban shopping mall – or at least the traditional enclosed shopping mall – seems to be on the way out. Most retailers today want less space.
in Chicago. For those familiar with Chicago, you may also know this store offers a prime corner location on the city’s famed Magnificent Mile. But what I want to do is tell you what you may not know about the retail space construction of this Zara store and how to apply this information to your next retail construction project.
There’s no doubt that local businesses will have much to celebrate if on October 2, 2009, Chicago wins the 2016 Summer Olympics bid. But just how would Chicago hosting the Olympics affect the city’s restaurant and retail construction activity ? Retail and restaurant construction would most likely start in 2015.
Anyone who knows me knows I love to talk about commercial construction trends and share the latest commercial construction news. When I was breaking the ice by asking people where they were from, I couldn’t believe how many people were from the Chicago area. Look for an educational take-a-way. I wasn’t wrong.
Being a national commercial construction general contractor can be an immensely rewarding profession. There is always a sense of pride and accomplishment after completing a retail construction, restaurant construction and commercial construction project for a client. Commercial property preventative maintenance.
Commercial construction contractors can save clients thousands of dollars by knowing the right time to buy certain materials. I heard a Home Depot ad on the radio recently targeted to commercial general contractors that made me pause. On the surface, the ad is true – buying building materials in bulk is cheaper.
Englewood’s business development team attended ICSC’s CenterBuild conference in December, where conversations revolved around retail activity and opportunities in 2020. Here are four commercial construction and commercial real estate trends we expect to shape our business and our industry: 1.
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