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We are coming into the final stretch of 2013, a year that has been rather good for the commercial construction industry. Activity was up for retail and restaurant construction and once-stalled commercial construction projects are finding themselves back on 2014 bid sheets for the best commercial general contractors.
So before we officially ring in 2019, here is our rundown of Englewood Construction’s commercial construction trends “highs” and “lows” from 2018: High: A Sizable Senior Living Pipeline. We’re several years into the construction labor shortage, and it continues to impact nearly every aspect of the commercial construction industry.
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.
As we flip the calendar over to 2018 this month, it’s a great time to share some of the commercial construction trends we predict will shape our work in the year ahead. #1: As the nature of shopping centers evolve, commercial construction firms will continue to be busy reworking existing mall retail space for new purposes. #3:
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.
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.
In the depths of a historically cold Midwestern winter, one market has remained particularly hot for Chicago commercial general contractors—grocery store construction. Parking is important with almost any retail construction project, but with grocery, it is even more important. Parking is a premium. Bill Di Santo.
We never like it when scandal rocks the commercial construction industry. Commercial general contractors generally don’t find their way into the mainstream news unless it is for something negative, often involving criminal activity. A properly-sized commercial general contractor is going to maintain a certain amount of overhead.
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.
While most of us will accept delayed Olympic news due to the time zone difference, the same isn’t true when working with international brands and new retail construction. The other year we were building a handful of stateside stores for Michael Hill, a New Zealand-based jewelry retailer, which is 16 hours ahead of Chicago. So at 7 p.m.
When working on a commercial construction retrofit , you never know what items you may come across. to be more centrally located to our staff and Chicago commercial construction projects. The best commercial general contractors can find the right HVAC team to do that job. More specifically it was from the room where O.J.
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.
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. High – Institutional Construction. High – Franchises.
For savvy commercial real estate investors and venture funds, terrific opportunities exist today to purchase and reposition underperforming shopping malls. Consumers kept money in their pockets, retailers stopped expanding and owners ceased new retail construction for their facilities. 4) Solid retail connections.
As anyone in the commercial construction industry knows, reliable, responsive, and skilled subcontractors are the lifeblood of our business. If you would like to learn more about Englewood’s successful approach to commercial construction projects or discuss your next initiative, reach out to us here.
As the economy improves and prices hit bottom, these transactions have become more realistic for commercial real estate investors when compared to past years. Perhaps the most important aspect in this process will be engaging a national retailcommercial contractor for advice and feasibility studies.
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. Most of the prime commercial locations are set up for retail, not restaurants.
If your retail construction contractor can build retail stores like this on Michigan Avenue…. For as long as I’ve been in the commercial construction business , which is 30 years, there have been two conflicting trains of thought about clients hiring a general contractor who also works for a competitor. Bill Di Santo.
For those who don’t know, Englewood Construction is a national commercial construction firm , so our business has been built on servicing our clients where they need us. Wouldn’t it be easier to hire a local commercial contractor? In this case, we were needed in Williston, ND and Glendive, MT. I’m glad you asked.
As a National General Contractor, Englewood has a front-row seat to the opportunities and challenges facing the commercial construction industry. reducing store size, retailers can streamline their product offerings, focusing on high-demand items rather than stocking a large and diverse range of products.
For those familiar with Chicago retail construction , think back a couple of years to when the dated Orland Park Place interior mall underwent construction and turned itself inside out to became one of the area’s most successful outdoor shopping centers. Electric rooms – typically these are back of house, so they can easily be converted.
Involving your commercial contractor early-on for a large-scale project, such as this shopping center development Englewood Construction completed in Connecticut, allows the construction team to create a realistic timeline for key project milestones.
It amazes me in today’s commercial real estate market when I hear commercial construction news about companies or people who just phone it in with their commercial construction services. Do your commercial construction vendors respond to your requests quickly or do they keep you waiting? Baldwick’s. Response Time.
As a National General Contractor working across multiple verticals in the commercial construction space, we understand the challenges (COVID and Supply Chain) facing our retail, restaurant, hospitality, and senior housing clients. For example, the project can be risky if you only chase after the lowest bid.
Is Your Vertical Retail Construction Project a Mess or a Success? Some may disagree, but we at Englewood Construction think the challenges commercial developers face in opening a store in a vertical mall are more complex than any other type of retail store construction. Dock Managers – This is their house!
With December here, it’s time for our annual post reviewing some of the positives – as well as a few of the challenges – that shaped the commercial construction business in the past year. Here’s a look at our top 2016 commercial construction “highs” and “lows”: Low: Mall Retail Tenants Choose Local over National.
Selecting the right national commercial construction general contractor is a critical decision that can significantly impact the success of your construction project. Over the past 20+ years, with 2500 completed commercial construction projects, Englewood has learned that it takes more than a great price to win a bid.
Propelled by increasing economic optimism, commercial real estate industry executives say geographic expansion will be a key focus over the coming year, according to a recent survey conducted by KPMG LLP, the audit, tax and advisory firm. In the United States, executives most frequently c read more.
Selecting the right national commercial construction general contractor is a critical decision that can significantly impact the success of your construction project. Over the past 20+ years, with 2500 completed commercial construction projects, we have learned that it takes more than a great price to win a bid. is essential.
By Edward Owens Photo Mehaniq/courtesy Bigstockphoto.com Graffiti and vandalism have become increasingly common threats to commercial properties across the United States. For instance, in the second half of 2023 alone, the San Francisco Bay Area recorded more than 10,000 instances of graffiti on commercial properties.
Rounding the corner into the final weeks of 2016, it’s time for our annual post predicting the commercial construction trends that will influence the industry in the coming year. Here’s how that overall trend will drive commercial construction opportunities across different sectors in the coming year: Eat. Golden Age for Golden Girls.
One of our current commercial projects at Englewood Construction is a new Farm & Fleet store we’re building in Romeoville, Ill. But from a construction standpoint, there are some key areas where choosing an experienced commercial construction firm can make all the difference in helping a “first” project go as smoothly as possible.
Working with a client on a design-assist or design-build basis, as Englewood Construction is with the reimagining of Stratford Square Mall, allows the commercial contractor to provide valuable input during the initial planning stages. Design-assist is a bit of a hybrid of the design-build process.
The Quincy, Massachusetts, project will represent the largest commercial development in the downtown's $1.6 billion redevelopment surge, which started in 2011.
The Housing Industry Post-Pandemic. The COVID-19 pandemic is essentially over, but the disruption to the housing industry that lies in its wake will be felt for years to come. RELATED: MORE 2022 HOUSING GIANTS ARTICLES AND DATA. Housing, Industrialized: Marketing Industrialized Construction to Consumers. or worse?
A recent StorageCafe study did a comprehensive review of real estate activity from 1980 to 2023 , spanning residential, commercial, industrial, and self storage sectors. However, the Great Recession that followed sent shockwaves through the housing market, slashing construction activity by nearly half in the 2010s.
How did you file the documents for your last commercial construction project? Simply put, the paperless construction project management system we implemented houses all documentation for each of our jobs in one electronic folder hosted on our web site. How Developers Can Decrease Operating Costs by Thousands of Dollars.
The use of technology and apps for daily construction reporting, sharing photos and scheduling look-aheads has become common practice on today’s commercial construction job sites. In those days, if someone needed you while you were on a job site or at a meeting, they paged you and you ran to the nearest pay phone to return the call.
Although 2013 isn’t likely to be anyone’s idea of a blockbuster year for real estate performance, landlords across an array of commercial property types are gaining pricing control and increased rental income from their assets.
In this segment from BD+C 's The Weekly show, Brad Hunter, Managing Director with RCLCO Real Estate Advisors, talks about the short- and long-term market forecast for several key commercial building sectors, including hospitality, industrial, office, retail, and rental housing.
Single and multiple-family housing construction is the healthiest it has been in six years. Experts at the American Institute of Architects and the Association of General Contractors project modest increases in the commercial building segment, led by hotel and retail project categories.'
city to enact legislation that mandates building energy benchmarking and disclosure for owners of large commercial and residential buildings. Multifamily Housing Construction Office Building Retail Centers Transit Facilities Warehouses Transportation & Parking Facilities' The Windy City is the latest U.S.
When I think back on the most interesting construction projects and challenges I’ve handled in my career as a national commercial contractor, without a doubt some of the most memorable have been in landmark-status buildings. A great example of this is a retail space Englewood refurbished at Chicago’s famed Palmer House Hilton.
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