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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 new commercial construction projects we know are in the pipeline, to what I heard at the recent Bisnow Chicago Retail Summit , I am cautiously optimistic. Good News/Bad News. Michigan Avenue.
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.
Developers Think Outside the Big Box to Fill Retail Vacancies. Retail news got pretty negative in 2018, with major brands such as Sears and Toys R Us shuttering and leaving behind vacant stores across the country. There are a ton of ideas out there and it’s exciting to be part of the process.
For those concerned about the state of the environmental industrial complex during the coronavirus disease 2019 pandemic, I can report that last Friday I reviewed my 1,000th Phase I Environmental Site Assessment this year. economy, when in any given year the vast majority of real estate transactions are leases and not contracts of sale.
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 retailleases in 2011.
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.
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. To Lease or Sell?
The potential applicability of the BFPP protection to a tenant who leases contaminated or formerly contaminated real estate has been the subject of debate for the decades since the CERCLA’s enactment. economy, when in any given year the vast majority of real estate transactions are leases and not contracts of sale. 9601 et seq.,
Club Car has introduced a lease program for its Carryall Utility Transportation Vehicles (UTV). The “3 & Out” program is a three-year lease to independent retail businesses, construction companies, and industrial sites who want access to four-wheel drive vehicles without the capital investment…
In exchange, Destiny USA promised to redevelop a brownfield site, use massive amounts of renewable energy, and get LEED certification for 75 percent of the project. “When a major, major mall puts together a program creating leases requiring — requiring —tenants to be LEED-certified, it’s a major, monumental event.
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.
They are also operated and managed on site like a well-oiled multifamily community. Institutional capital has been active in single-family rentals since the global financial crisis 15 years ago, when large investors began purchasing, aggregating, and leasing distressed, foreclosed homes. The Gold Standard in Built-to-Rent.
Unified fire protection and site security service. This further highlights the benefits of mixed-use development as both the initial construction and ongoing operation of the site generate cost savings. That’s aided by the longer-term leases developers can secure from commercial tenants. Unified electrical and water service.
This new location will also house the corporate headquarters of The RoomPlace’s rent-to-own retail division, EasyHome. Amazon to lease facility in Bethpage as distribution center. Textile firm leases large distribution building on I-20 in southern Dallas. The RoomPlace is based in Lombard, IL. ” .
Each three-story detached home has approximately 250 square feet of work space at the ground floor, a flexible area that can either serve the owner as a home-based business or be leased out to a business tenant and locked off from the residence. SITE PLAN. The dining area opens out to a generously sized private deck. G Common drive.
Targeting a retail cost of $6,800, the company will position the Elio vehicle as a cost-effective alternative to four-wheeled autos. The Elio Motors manufacturing facility will occupy approximately 1 million square feet of the more than 3 million-square-foot, former GM site. Elio Motors Inc. “Everything is still right there.
will expand its manufacturing capacity by leasing a 115,000-square-foot food grade manufacturing plant in Wheeling, IL. The Braintree, MA-based company manufactures frozen and deli pizza and shelf stable salad dressings and sauces, and its customers span retail and foodservice channels across the U.S. Richelieu Foods Inc. and Canada.
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.,
After leasing the U.S. It is a growing city with a thriving business community, a high-quality workforce, premier sites for investors and developers, as well as opportunities for public-private partnerships. Currently, Peoria has three dynamic, shovel-ready sites in highly sought-after areas of the city.
Apple’s new manufacturing facility will rise on the site of the former First Solar plant in Mesa, AZ. “Arizona’s team moved quickly to put together an attractive package that put the Mesa site front and center as Apple considered locations for its renewed commitment to U.S. Photo: solarsystems-usa.net). manufacturing.”
Five Below, a specialty value retailer catering to teens and pre-teens, will expand and relocate its national headquarters in Philadelphia, PA, a move that will create 154 new, high-wage jobs. “We The company has signed a long-term lease to occupy 180,000 square feet of office space and another 15,000-square-foot of retail space.
Key to the new marketing initiative was a CEO Council-sponsored hosting event for leading corporate real estate executives, site selection consultants and media outlets, which included a reception at Nova Southeastern University’s new $50-million Oceanographic Center. Cabela’s site is part of Nebraska Technology Park. The company $7.2-million
have closed on a prime retail and mixed-use multifamily housing development in the heart of Indianapolis’s most popular submarket, Broad Ripple Village. Gershman Partners will spearhead the leasing and management of 3,600 sf of ground-floor retail space with an outdoor patio below the residential living space.
We selected Louisiana as the site for the state-of-the-art, steam-cracking facility and adjacent ethylene glycol plant due to the advantages of existing infrastructure, including access to competitive feedstock resources, as well as the distribution infrastructure and a skilled and well-trained workforce,” Chung said.
After an extensive six-month site selection process, Benchmark Electronics has decided to locate its new corporate headquarters at Rio 2100, a new 52-acre, Class A office park in Tempe, AZ. Groundbreaking for the new site is expected to begin before the end of the year with an expected completion date in early 2019.
Wayfair Selects Texas For New Customer Service Center originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. The Boston-based online home decor retailer plans to hire approximately 450 employees at its Bryan-College Station location in order to service its rapidly growing customer base.
Available sites include two rail-served sites, business parks, and available buildings for sale or lease. All sites are within five miles of Interstate 80. Black Hills Energy is the retail supplier for natural gas services, with Kinder Morgan as the transmission provider.
If the company opts for New Jersey over leasing a competing facility in the Bronx, the project would result in the creation of 40 new jobs and private investment of more than $8.9 Gourmet Nut Inc. The company expects to create more than 110 new jobs and invest more than $6.4
In addition to rail access at the Port, service is available throughout the County, with direct access at several sites and industrial parks. Oswego County has Greenfield sites available that are ready to build on. Within the industrial parks, all sites have utilities and other necessary infrastructure in place.
Renovation of the historic site, touted as the “Gateway to Whisky Row” is estimated to be completed by late December 2013. The project also includes the refurbishing of 9,000 square feet on the first floor available for lease to a retail or restaurant space, as well as renovating 9,000 square feet of basement space.
Thats why weve assembled the best plumbing, electrical and hvac marketing strategies onto one site. 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. Wednesday, January 5, 2011.
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.
In addition we provide all the comforts of a modern co-working space, which include full building WIFI, temperature-controlled warehouse and office space, comfortable, secured, and functional facilities, as well as a mobile app to book on-site labor, fulfillment, a photography studio, and more. . I joined as a Sr.
Waterstone Retail of Needham, MA has a 500,000-square-foot center underway with Phase 1 now open and Phase 2 approved by the city. As this new facility rises and the final steel beam is put in place, we’ll see new activity at the site on Ocean State Drive. The NH Dept. Photo: Quonset Development Corp.). Working with the R.I.
Commercial Real Estate To See Moderate Growth In 2016 originally appeared on Business Facilities - Economic Development, Site Selection & Workforce Solutions. In 2016, global prime rents across the three major property types—office, industrial and retail—are expected to grow 2.2 s 2016 Global Real Estate Market Outlook.
Involves larger structures that serve a variety of business or industrial purposes Buildings include hospitals, office buildings, retail spaces, apartment buildings, and many others Usually owned by a business rather than an individual Often located in commercial corridors or industrial sites. Location and construction site.
The New York State Energy Research and Development Authority (NYSERDA) has made $36 million available through two new initiatives that aim to increase the energy efficiency of New York’s commercial buildings — including office towers, universities, hospitals and retail stores — which are some of the state’s biggest energy users.
The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Last year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space. The company’s existing facility includes two sites totaling about 2.8
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. million to lease, renovate and equip a 56,800 square-foot facility in Munster.
The city owns this land and is seeking a public-private partnership for this site, nestled in a natural setting with characteristic Cape Coral water views. New conceptual plans offer two options: as a new Retail District or an Office Park. This reflects the retail market’s vast potential in the city. Highway 192.
PactSafe , a legal-focused technology company, plans to invest $575,000 to lease and equip a new office in Indianapolis. With more than 30 clients in industries including non-profit, healthcare, construction, education, retail and insurance, WDD software serves an array of businesses ranging from Fortune 500 brands to Indiana-based companies.
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.
Leases range from 5,000 square feet to complete buildings. Our team has the ability to provide current market and demographic packages to support site selection and an array of incentives to ensure that Stafford will be a locality considered by a wide range of business sectors.”. Boswell’s Corner offers 354 parcels and 575 acres.
To meet demand, rails increased capacity with 1,300 new and rebuilt locomotives; 3,800 freight car purchases; and 700 new leased freight carts. Among a number of benefits, this allows Brunswick County to provide industries fully developed shovel-ready sites at low or no cost. Overall rail traffic was up 4.5 percent for carloads and 5.2
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