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In the Chicago area alone, there are probably close to a dozen local and regional shopping malls in the middle of a shopping center renovation project, or, slated to begin one in the very near future. However, this is not just a Chicago trend. Of course, all of this commercial construction activity has been a boon to the industry.
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.
What are Today’s Best New Retail Developments? With the way the commercial real estate market has been the last several years, people are looking to commercial construction experts for the best construction tips on how to proceed with a successful new retail development. Restaurant. Shopping Center. Hospitality. Office/Industrial.
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.
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. As for new retail construction, it seems the big winners are niche retail brands that dominate a market category, such as American Girl and lululemon.
I recently attended a senior housing conference in Chicago where a panelist discussed the challenge senior housing operators face in hiring and retaining caregivers and other staff given the high hourly wages offered by employers like Amazon. Developers Think Outside the Big Box to Fill Retail Vacancies.
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. Developers and retailers that would normally go 2 deep in bidding went 4 deep. HIGH – Everyone was submitting drawings in 2011. I was wrong.
Englewood’s business development team attended ICSC’s CenterBuild conference in December, where conversations revolved around retail activity and opportunities in 2020. Retail Developers Will Play All Sides: . As we’ve discussed previously on this blog, there are unique challenges and opportunities associated with work in this arena.
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. Basic Updates.
With so much desirable retail space available, many brands were taking advantage of desirable shopping center rents and tenant allowances to add a new store location and increase market share. While sustainable construction was a hot button in 2010 office construction, green retail and restaurant construction did not gain as much traction.
When it comes to current retail and commercial construction trends , we all know there aren’t a lot of new shopping centers under construction right now, or new office buildings under construction for that matter. we came in on time and under budget without one complaint from any of the retailers. Q uiet over there! No complaints?
I recently sat down with Kim Sawyer and Tina McGrath, two of our experienced Business Development team leaders, to gain their perspective on what they’ve learned from talking to our existing and potential retail, restaurants, automotive, senior housing, and hospitality clients.
The idea behind sponsoring the Ryder Cup was to show our enormous gratitude to the clients that partnered with a national commercial construction firm like Englewood Construction on their new retail construction projects, new restaurant remodels, shopping center landlord site prep, etc.
While bidding on the commercial construction remodel of a 500+ sq. national chain on State Street we were surprised to see two of Chicago’s largest GCs also bidding the job. I’m sure the retailer was also surprised. If the client needed a hospital or condo building on top of the retail it would make sense, but 500 sq.
We were pulling a feeder cable through a Chicagoretail 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.
The City of Chicago recently put out the LaSalle Reimagined Initiative IFP , which, in the words of Department of Housing Commissioner Marisa Novara, aims to “create hundreds of homes, including much-needed affordable housing in the city's central business district.” Model kitchen at Millenniium on LaSalle.
CHICAGO EXEC ANCHORS WHEELING. The Village of Wheeling’s manufacturing base is anchored around its general aviation airport, Chicago Executive Airport, the third busiest in Chicagoland. Chicago Executive Airport serves as a hub for business and industry and as a logical magnet drawing businesses to the area. Atlantic Aviation.
In addition, nonresidential construction activity increased in the Philadelphia, Cleveland, Richmond, Atlanta, Chicago, and St. Louis districts, and healthcare construction expanded in the Cleveland and Chicago districts. One factor leading to lower numbers was a sharp decline in retail employment.
Here’s what stood out to me: Englewood’s retail portfolio includes experiential concepts such as American Girl Place in Chicago. The Retail Evolution: Shopping Mall, Flagship Store & Big Box Construction The past decade brought more ups and downs for the retail sector than the escalators we installed in malls.
Recently, Englewood completed the 23,000-square-foot Harry Carays 7th Inning Stretch and Chicago Sports Museum at Chicagos famed Water Tower Place. At Englewood Construction, we have had the good fortune of being attached to several high-profile, upscale downtown Chicago restaurant construction projects. Time is money.
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