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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.
Over the past 20+ years, Englewood has completed over 2500 commercial construction projects in the retail, restaurant, hospitality, senior living, industrial, cannabis, and automotive sectors. For example, at Englewood Commercial Construction, early collaboration is a core part of our process.
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.
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.
With 2013 behind us, we wanted to look back at the year that was in the commercial construction industry. Some of the 2013 commercial construction trends we predicted came to pass, some were more significant than we originally thought they would be and others emerged that caught our attention. Not your parents’ mall.
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.
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.
The tone of the attendees at ICSC’s “Global Retail Real Estate Convention” (RECon) in Las Vegas last month was as positive and energizing as it was in the commercial construction boom years before 2008. Retailers are starting to feel more confident and expansions are on the horizon. Business is good. Overall, confidence is high.
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:
Last month, our Englewood Construction business development team had a great trip to Las Vegas for RECon, the global retail real estate convention hosted annually by the International Council of Shopping Centers (ICSC). Here’s a quick summary of our main takeaways: . Come One, Come All. Dropping Anchor. Smaller Fish Rule The Big Sea.
As we welcome in the New Year, it’s customary for us to look back at what the previous year meant to Englewood Construction and the commercial construction industry as a whole. There are still some headwinds out there, but last year brought some interesting commercial construction trends and developments.
With the countdown on to 2020 – and the start of a brand-new decade right around the corner – it’s time for our annual look back at the commercial construction industry “highs” and “lows” from 2019. It’s been exciting to see the opportunities that have come with the growth of the cannabis industry.
Between 2018 and 2022, Englewood’s national construction work in the cannabis retailindustry grew by 100% and we expect that trajectory to continue as more states legalize recreational marijuana use and cannabis firms expand into new markets. That has been true.
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.
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.
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. Commercial construction companies need fees to cover their overhead.
In the depths of a historically cold Midwestern winter, one market has remained particularly hot for Chicago commercial general contractors—grocery store construction. The Chicago grocery construction market has long been dominated by two titans of the industry-Jewel-Osco and Dominick’s. Parking is a premium. Tel: 847-233-9200 x710.
Office/Industrial. 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. Hospitality.
Like most businesses, the commercial construction industry is a relationship business. The best work is typically done when a project is viewed as a partnership between a client and commercial general contractor. By defining expectations, the commercial construction contractor will undoubtedly deliver a better final product.
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.
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.
Hopefully, we’ll see some of those fresh young graduates heading toward a career in commercial construction. Part of the reason I say this is the current hiring situation in the construction industry. Not too long ago, young guns had a couple options if they wanted to break into the construction industry. Tel: 847-233-9200 x712.
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.
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.
I don’t know if the cupcakes were made from scratch or out of a box, but they were the best damn cupcakes for one simple reason – they reminded us how important our jobs are and that commercial construction projects touch the lives of everyone big and small. What about satisfied commercial construction client testimonials?
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. Our industry is just at the tip of the iceberg in better green building and business practices.
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.
Most of the commercial construction news we discuss in this blog involves new Chicago retail and restaurant construction projects or analyzing commercial construction trends. We weren’t sure how many of you would find Hard Hat Chat, or keep reading after our first blog post, Retail Development and Construction: Getting Started.
With a number of traditional retailers closing locations or going out of business, they are leaving millions of square feet behind for redevelopment. Our first experience with this was turning an old Kmart into a mixed-use retail development. This adaptive reuse trend is now extending to abandoned big-box buildings.
Given that our firm already has experience working with clients on medicinal and recreational marijuana dispensary construction projects in other states, we know firsthand that this legislation will quickly lead to new activity in the local commercial real estate and construction landscape. Good News for the Local Retail Landscape.
While I think everyone in the retailindustry 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.
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.
As anyone in the commercial construction industry knows, reliable, responsive, and skilled subcontractors are the lifeblood of our business. That’s why Englewood chooses subcontractors that consistently deliver high-quality workmanship, adhering to industry standards and best practices.
As we close in on the final days of 2017, it’s time once again for our annual commercial construction blog post reflecting back on the positives – and the negatives – that have impacted our business and the industry as a whole over the last 12 months. Low – The Labor Shortage: It’s Real, and It’s Not Going Away. Bill Di Santo.
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.
Englewood’s business development team attended ICSC’s CenterBuild conference in December, where conversations revolved around retail activity and opportunities in 2020. As we kick off 2020, we have a lot of optimism about our industry and the sectors we’re active in, but we also recognize there will be challenges ahead.
Earlier this month, the Englewood team headed to Las Vegas for RECon , the global retail real estate convention hosted annually by the International Council of Shopping Centers (ICSC). Big Discussion Around Repositioning Vacant Retail Space. The Online Effect. We came away from RECon 2018 energized and excited.
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.
The recent Chicago City Council approval of a second Wal-Mart in the city limits is excellent news for Chicago’s commercial 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. Bill Di Santo on Champlain Ave.
Luckily, there are all kinds of opportunities for us in the commercial construction industry to go back to “school” and beef up on the latest commercial construction trends and design build best practices to enhance our expertise and construction services. I soak it up like a sponge. So let’s get this discussion going.
Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. Read more on the proper steps to ensure your commercial investment runs smoothly.
Look for a solid increase in commercial construction renovations verses new locations, which should hold especially true with new retail construction. Green buildings across all commercial construction sectors will continue to gain in popularity. What do you think 2010 holds in store for the commercial construction industry?
Marcello’s Market and Deli from Canada is the latest international retailer to work with Englewood Construction. Lately, we seem to be working on more and more new retail construction projects from international retailers. And with each one, we’ve learned some valuable commercial construction tips. retailers want.
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