This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Now, that is not to say there has not been a decent amount of new Chicago retail construction , or nationwide work in the past two decades. This is a very clever concept that has borrowed from old, yet successful retail construction trends and infused with new retail trends for 2013.
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.
Earlier this year, one of our favorite clients, American Girl, announced plans to take its brand on the road via an American Girl musical debuting with a nationwide tour this fall. Typically, when building out a first-floor retail space, we can remove storefront windows in order to bring in oversized equipment and materials.
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.
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.
(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.
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. This early planning minimizes the risk of disruptions and keeps the project aligned with its budget and schedule.
While certain construction sectors saw growth, the value of newly signed design contracts dipped slightly as owners remain hesitant to commit to new work, the American Institute of Architects said.
Comparing prices across various retailers isn’t just about finding the cheapest lumber; it’s about understanding market trends and making informed purchasing decisions. These sites often offer features like price history graphs, alert settings for price drops, and direct links to retailer pages.
Commercial real estate investors targeted underperforming regional shopping malls in 2013 with plans to redevelop and rejuvenate the properties with retail commercial construction upgrades. This new retail commercial construction activity should play a prominent roll in 2014 as well. Middle market retailers see some light.
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.
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.
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.
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. This new mixed-use construction project will include multifamily and 161,000 square feet of retail. In Glenview, Ill.,
Englewood’s business development team attended ICSC’s CenterBuild conference in December, where conversations revolved around retail activity and opportunities in 2020. Retail Developers Will Play All Sides: .
Real-World Example: Englewoods preconstruction collaboration with architects led to standardizing store layouts for a national retail rollout. Example: Englewoods early collaboration with the architect led to a phased construction plan for a large hospitality project.
Retailers across the nation are buttressing their trash disposal practices after Dollar General Stores and Big Lots Stores paid Millions of dollars to settle civil suits for environmental violations for the unlawful disposal of hazardous waste, including customer returned merchandise and batteries. This is not a California only issue.
For example, if the property has a zero-lot-line, or if it is part of a commercial strip next to a residential area, that will impact everything from deliveries to scheduling – all of which will factor into planning and overall cost. If You Need Rough Budgeting Across Multiple Cities. If You Need Rough Budgeting Across Multiple Cities.
If the right team and plan are in place, there are a number of outdated malls that could turn into successful shopping center retrofits. 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. Bill Di Santo.
Also, by using poorly maintained equipment, you carry a higher risk of equipment malfunction, which could jeopardize your safety plan. I’m sure the retailer was also surprised. If the client needed a hospital or condo building on top of the retail it would make sense, but 500 sq. Get online. Take a leap of faith.
Rather than waiting until a set of plans is finalized and then asking a GC to bid and budget them, clients should bring a trusted construction firm to the table along with other project partners during initial planning. For example, the GC might review initial plans and spot a conflict in the layout of mechanical systems.
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. Good News for the Local Retail Landscape.
Whether you own or manage a shopping center building, office building, restaurant or retail store, what is not investing in your commercial construction maintenance budget now going to cost you later? We can also help put a commercial construction safety plan into place in the case of equipment malfunction. requires a bird.
Online auto retailer Carvana will invest more than $24 million to establish a new service and distribution facility in the Cincinnati region. Read: Carvana Plans New Facility In Trenton, OH at BusinessFacilities.com.
yesterday disclosed its plans for a $100 million-plus expansion that will add a hotel, grocery, multifamily housing, fitness centers, restaurants, coworking spaces, more retail, and a medical office building. million-sf shopping mall Rosedale Center in Roseville, Minn.,
When it comes to choosing a site for a commercial construction or CRE project, finding the perfect match between a brand or concept and an available space is one of the most important steps in the planning process. Of course, restaurants aren’t the only concepts with specific infrastructure needs. Will any “unbranding” be necessary?
Amazon is trying to better compete with brick-and-mortar stores, which account for 90% of retail sales. Other similar efforts to compete with retail have included initiatives to speed deliveries and a recently released credit-card reader. Amazon hopes that this service will help them gain ground against retailers.
CRE developers and owners are continuing to think creatively about filling vacant shopping mall space, and recently the idea of bringing in “ghost kitchens” to fill obsolete retail square footage has started to gain traction. From our perspective, bringing ghost kitchens to malls certainly isn’t a bad use of vacant retail space.
The discount retailer said it added 35 stores in the U.S. during the first quarter of 2023 and expects to have more than 2,400 locations across the country by the end of the year.
The value of plannedretail projects and infrastructure improvements, along with construction underway, exceeds $1 billion at the North Carolina U.S. Army installation.
Also, a lot retail construction projects are initiated in the summer to have everything complete by November 1, just in time for the holiday shopping season. If there is one aspect of a commercial construction job worth extra investment, it is the planning and drawing stage. Plan for off-season commercial construction (if you can).
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.
Thirty of those will be under its Popshelf banner, though the discount retailer is taking the concept’s expansion slowly given its discretionary focus.
Plan for Extra Permitting Hoops. Prior to the usual municipality review and approval of construction plans, the project must already have sign-off from the appropriate landmark authority. A great example of this is a retail space Englewood refurbished at Chicago’s famed Palmer House Hilton.
Ltd, a member of the Sumitomo Group, has big plans to celebrate the Group’s 350 th anniversary in the year 2041: a 350-meter wooden tower that comprises retail, office, hotel, and residential space. Sumitomo Forestry Co., The Tokyo-based tower would become Japan’s tallest building and the tallest wooden skyscraper in the world.
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. This reduces conflicts and improves efficiency.
Louis and Minneapolis facilities are slated to open in January and March, respectively, building on the Walmart-owned retailer’s plan to advance its end-to-end supply chain capabilities.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content