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After nearly 10 years of publishing Hard Hat Chat (more to come on our blog’s 10 th anniversary later this year), we know there’s never a shortage of fresh topics and trends to discuss in the commercial construction industry. Here they are: the commercial construction headlines that just won’t die – and why: Labor Shortage Lingers On.
Now that spring is officially here, I wanted to reflect on the Chicago retail construction trends and news we’ve seen so far in 2011. From the newcommercial construction projects we know are in the pipeline, to what I heard at the recent Bisnow Chicago Retail Summit , I am cautiously optimistic. Michigan Avenue.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Happy New Year to all of our Hard Hat Chat readers! 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: We’re looking forward to a busy 2018, with exciting opportunities ahead for clients new and old.
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.
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. If there is one aspect of a commercial construction job worth extra investment, it is the planning and drawing stage.
Between 2018 and 2022, Englewood’s national construction work in the cannabis retail industry 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.
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.
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. Tel: 847-233-9200 x710.
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.
Observations and Conversations about Commercial Construction, Development and Management. What are Today’s Best NewRetail 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.
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.
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.
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. Michigan Ave.,
Most of the commercial construction news we discuss in this blog involves new Chicago retail 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.
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.
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. There are still far too many distressed commercial properties on the market.
Commercial construction preventive maintenance. Granted the explosion and resulting oil spill is a worst case scenario, but it begs the question: Do you have the appropriate commercial construction preventive maintenance checklist in place? For a more detailed preventive maintenance construction punch list you can email me.
Englewood Construction has worked on a number of Chicago retail construction projects in high-traffic urban areas, such as American Girl Place on Michigan Avenue. Is this a newretail construction trend ? Probably so. Probably so. But, in a residential building like Presidential Towers, you can’t do that.
One of the biggest challenges for commercial construction firms today is the tighter project timelines that have become the norm at every phase of a project – from shorter deadlines for submitting initial bids and budgets, to quicker resolution on addendums and change orders, to compressed schedules for construction and delivery.
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.
While I think everyone in the retail industry likes to hear news that 2011 retail sales are up – as it usually means newretail construction projects are in the pipeline – it’s still tough for shopping center landlords to make deals work with retail tenants. Vanilla box.
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. Even as the labor situation improves, it’s being outpaced by a high commercial construction activity level across the country.
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.
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?
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.
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 newretail construction for their facilities. 4) Solid retail connections.
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.
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. in Pullman, circa 1950s.
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.
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 Chicago retail construction to national restaurant construction and hospitality construction.
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. High – Niche or value-driven retail construction. High – Green building. If you look at the Top 10 U.S.
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.
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 Incredible Shrinking Construction Timeline. Bill Di Santo. Tel: 847-233-9200 x710.
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.
Anyone who knows me knows I love to talk about commercial construction trends and share the latest commercial construction news. I now have a rolodex full of new contacts from Chicago that I can easily meet in person for lunch, or have them tour our office as we discuss new projects or the latest Chicago construction news.
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