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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 said, state regulations do add some additional layers to the nuts and bolts of these projects.
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.
(Updated 2/20/23) Retail real estate has shrunk over the past three years according to CBRE’s report “ US Real Estate Market Outlook 2023 ”. With less retail construction happening, there is less opportunity for businesses to move into this type of space.
Consumers kept money in their pockets, retailers stopped expanding and owners ceased new retail construction for their facilities. In most cases, these malls need significant retail commercial construction upgrades and updates to compete for top-tier retailers. 4) Solid retail connections. Tel: 847-233-9200 x710.
Perhaps the most important aspect in this process will be engaging a national retail commercial contractor for advice and feasibility studies. 1) Don’t be afraid of a big retail construction project. Believe it or not, a lot of shopping center landlords and retail investors are afraid of a shopping mall construction project.
Like any CRE sector, the cannabis industry comes with its own set of nuances for planning and executing construction projects – particularly since it is relatively new and highly regulated. Security features, for one, are a major difference between a dispensary and a ‘typical’ retail store. Security, Mechanicals and More.
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. This can be done through a purchase or lease agreement.
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. Sloppy site – Is a construction safety plan in place and is the site clean? No complaints? I’m your guy.
We’ve also translated our experience in working with restaurant and retail brands on national rollouts to new partnerships with major cannabis players who are expanding in multiple markets simultaneously. . In the past, RECon was pretty much dominated by retail, with just a smattering of reps from restaurant and other sectors.
We saw much-improved activity in shopping center construction – not necessarily the building of new malls, but in general commercial contractors working with landlords and developers on pre-construction services , such as commercial construction budgeting to help them propose attractive lease deals for new tenants.
For a number of reasons – usually cost, location or a lease agreement – commercial real estate owners are opting to refresh or remodel their retail stores , restaurants and hotels instead of building new commercial construction projects.
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.
Look for a solid increase in commercial construction renovations verses new locations, which should hold especially true with new retail construction. issue of Shopping Center Business , Go Green Stations, a new alternative fuel distributor, is planning approximately 1,000 stores in 2010, compared to 100 in 2009. 2. Green is Gold.
Rivian has signed a lease in Brooklyn for its first New York City retail store. The lease at 360 Wythe Ave. The group will be opening a flagship in Williamsburg, according to a statement on Monday. spans more than 12,000 square feet and will be a showroom for electric vehicles. Williamsburg's…
Lease Hold Improvements. Lease language can be long, tedious, and yet full of important details. If there aren’t already those permissions included, then lease hold improvements can be negotiated when you renew your lease. There are other ways to negotiate a lease hold improvement. Maintenance Coverage.
We’ll identify other national construction lead services, regional lead services, (local) contractor/remodeler lead services, government lead services, and finally other lead services including equipment lease and architectural specification directories. Planning stage, such as proposed, architect selection, schematics, bid stage, etc.
million square foot mixed-use development, will bring new living, office, housing, retail, and community space improvements to the Longwood Medical Area (LMA). Skanska USA Commercial Development shared that it received official zoning approval of its Planned Development Area (PDA) from the Boston Zoning Commission on 14th April 2023.
an electronics-focused e-retailer, has announced plans to locate a new warehouse facility in Indianapolis, IN, creating up to 150 new jobs by 2015. The City of Industry, CA-headquartered company will invest $20 million to lease, renovate and equip an order fulfillment facility in Indianapolis. Newegg, Inc.,
NOVEL Atherton adds a significant amount of new rental apartment units and retail space to Charlotte's historic South End neighborhood. Leases run from about $1,400 to just over $3,000 per month. . Lease-up has exceeded expectations, averaging 31 per month, while rents are 10% higher than in comparable neighboring communities. . .
Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. The Tarpon Point Resort at Marina Village is home to a number of upscale retail shops and restaurants. By the BF Staff From the March/April 2016 Issue. Credit: City of Cape Coral). percent.
That’s because a large portion of the newer players in the space are heavily focused on short-term return on investment (ROI), with business plans leading them to deliver new communities in undesirable locations and some taking on roles beyond their skill set. Master Planned Communities. The Gold Standard in Built-to-Rent. Leadership.
It takes some extra time and effort to arrive at a design that will work, but well-planned mixed-use development can create overall cost savings for developers. That’s aided by the longer-term leases developers can secure from commercial tenants. Any developer who’s planned a mixed-use development knows they don’t always pan out.
Located about 30 minutes north of Tampa, Wesley Chapel offers numerous master-planned communities targeting families and empty nesters. Class A apartments in Wesley Chapel are fully occupied (96%+) with few concessions offered, despite a considerable amount of new construction in recent years.
The following plans present thoughtful solutions to the challenges of designing and developing live/work projects. SITE PLAN. This townhome plan utilizes two small offices with pocket doors, which enable the spaces to live larger when the doors are open and provide quiet when privacy is needed. . Easier Living by Design?
New space is often build-to-suit for major retailers and manufacturers, as an estimated 40% of existing U.S. An additional two million square feet are in the planning stages and expected to be complete by 2015. India Invests in Multi-Brand Retail Trading: Economic growth remained stagnant in India.
a homegrown Hoosier company, manufactures sports apparel and operates retail stores primarily under the LIDS brand, a familiar mecca for team caps in shopping malls across the U.S. The homegrown Hoosier company, which manufactures apparel and operates retail stores primarily under the LIDS brand, will invest $21.8 Hat World, Inc.,
Multifamily Housing Affordable Housing Office Buildings Retail Centers Shopping Centers Transit Facilities Despite the best efforts of city governments and their transportation departments, transit-oriented-development projects often unintentionally burden existing residents and small businesses in the area.
Nathan Casteel MFPRO+ Blog Affordable Housing Student Housing Apartments Designers Urban Planning Generation Z doesn’t settle for the typical living environment. Although tighter unit plans are standard in cities like San Francisco, Chicago, and Los Angeles, the enhanced building amenities provide a differentiated space advantage.
Open your mind to candidates outside of home building; the job is often a great fit for someone with experience in property leasing or retail sales, for example. Make sure you’re providing floor plans and amenities buyers want to buy. And don’t be afraid to recruit in high-end shopping areas.
have closed on a prime retail and mixed-use multifamily housing development in the heart of Indianapolis’s most popular submarket, Broad Ripple Village. Located six miles north of downtown Indianapolis, Broad Ripple Village is in the midst of a $271 million improvement plan, from infrastructure to beautification.
Bobby Jindal has announced that Elio Motors plans to assemble new vehicles at the former General Motors Shreveport, LA, plant. plans to create 1,500 new direct jobs by late 2015 paying an average annual salary of $47,700, plus benefits, as well as make a capital investment in excess of $100 million. Elio Motors Inc.
Highlights include the largest industrial spec development lease in the last five years in Broward County. The Partnership sponsors numerous quick-pitch and business plan competitions, and it was a key facilitator of the area’s software angel fund, Nebraska Global, which helped launch five companies in 2011 and 2012. The company $7.2-million
MHC says starts rise in August; housing is mixed; retail remains weak; industrial gains. The outlook for retail construction remains bleak. whose sprawling stores are laden with extra space, is aggressively marketing itself as a place for other retailers to set up shop,” the Wall Street Journal reported on Friday.
Once someone leases a warehouse suite or office space, they also get a membership to use our shared amenities. I moved over to the owner’s side from there and went to work for a well-known luxury retail company. When you think about the future, what are your plans to advance innovation and productivity at Saltbox?
After leasing the U.S. Build to suit retail/restaurant pads and Class A office development opportunities. More than 2 million square feet of retail and restaurants within 3-mile radius. When you are ready to invest, Peoria will provide a dedicated, in-house team for quick and consistent plan review, permitting and inspection.
Steve Beshear has announced that two companies, Indatus and Mocura , both under the ownership of ICIM Corporation, plan to move from New Albany, IN to new headquarters set up in Louisville. Kentucky Gov. Renovation of the historic site, touted as the “Gateway to Whisky Row” is estimated to be completed by late December 2013.
million to lease and equip the 91,000-square-foot facility. With its new Indiana operations slated to launch in summer 2018, the company will produce its heat- and cold-resistant plastic meal trays for customers in the retail, airline, institutional and bakery markets across North and South America. Photo: MCP.
PactSafe , a legal-focused technology company, plans to invest $575,000 to lease and equip a new office in Indianapolis. PactSafe, which currently has eight employees, plans to create up to 91 new jobs by 2020, with plans to hire for 35 of those positions by the end of next year.
The Boston-based online home decor retailerplans to hire approximately 450 employees at its Bryan-College Station location in order to service its rapidly growing customer base. Wayfair, Inc. has selected the Research Valley region of Texas for its new customer service center, scheduled to open in March. million on or before Dec.
The global design, engineering and manufacturing company announced its plan to relocate to Arizona from Angleton, TX in April of this year and expects to add approximately 500 new jobs to the greater Phoenix area over the next five years. CBRE Senior Vice President Bryan Taute represented Boyer.
Fortunately for those involved in the “action” side of economic development, which includes real estate professionals, many communities and regions have created economic development strategic plans that will guide the way on what kinds of development is desired, and what impacts are to be avoided. Photo: City of Rochester, NH). The NH Dept.
Youll find info on Yellow Page ads, Customer Retention Newsletters, HVAC Marketing PowerPacks, Marketing Plans, plus sites for dozens of free contractor marketing reports to make your life easier. In the post-Christmas headlines, turns out Santa will actually lease out reindeer this year to make ends meet. Wednesday, January 5, 2011.
Certain types of businesses are excluded from the program, including retail and wholesale businesses; restaurants and hospitality; professional practices like law firms and medical offices; and energy production and distribution companies. In April 2013, the RV components manufacturer announced plans to invest $12.8
Becoming the largest tenant at the expanded portion of the Clarksville-Montgomery County Corporate Business Park, Hankook Tire plans to build its facility on 469 acres over the next five years. Within 10 years, Urban plans to construct another 1.1 The company’s new 1.5-million-square-foot
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