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Englewood Construction recently began renovation work on the Brazos Mall in Lake Jackson, Texas. 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. However, this is not just a Chicago trend.
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.
But that doesn’t mean we aren’t seeing interesting retail construction projects or innovative commercial construction retrofits, like the 23 up-and-coming new-store concepts as noted by Retail Traffic. There also is definitely something in the water with baby/children-focused retailers. Michigan Ave., First, there is WONDER!,
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.
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.
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.
There are some great opportunities, especially in retail construction , as highly motivated landlords are offering prime locations with attractive rents. You can bet smart retailers will continue to mimic the magic shopping experience Apple has created with their retail stores. Apple Magic. International Invasion. Fast-Casual.
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.
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. As for new retail construction, it seems the big winners are niche retail brands that dominate a market category, such as American Girl and lululemon.
The same can be said for all those savvy national retailers who are currently taking advantage of the availability of prime space at regional shopping centers and decreased construction costs in order to enter high-profile markets. Retail Power Center. will say those retailers and shopping center developers are crazy like a fox.
What Every Developer Should Ask General Contractors During the Retail Construction Bid Process. For my first blog post, a lot of people at Englewood Construction suggested I write about how to choose a retail construction company. In my experience, the most successful retailers choose these qualities over a low bid every time.
For those familiar with Chicago retail construction , think back a couple of years to when the dated Orland Park Place interior mall underwent construction and turned itself inside out to became one of the area’s most successful outdoor shopping centers. Sportmart at Orland Park Place (now a Sport Authority).
Some new grocery trends, such as the popularity of curbside pickup and delivery services being introduced by many store chains, have real potential to change facility and infrastructure needs, which could result in an uptick in grocery construction and renovation projects. 2: Remixing the Mall. 3: Taking the Temperature of MOBs.
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. Big is back. In Glenview, Ill.,
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.
With the shuttering of stores like Circuit City and Linens N’ Things, big box retailers looking to gain market share certainly have their choice of vacant store locations in prime markets and shopping centers. As to why the client chose not to use existing elements in its construction renovation, there are a couple plausible reasons.
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.
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: .
It was good to see so many commercial developers, owners, retailers and restaurants moving forward with confidence and initiating new commercial construction projects. Last year, we saw a proliferation of international retailers opening new stores in the U.S. High- and low-end retail rule…middle coming back.
And while AEC firms serving this sector say they’ve restarted hotel projects that had been put on hold during the pandemic, they also foresee mostly renovation and adaptive reuse, rather than new construction, in their immediate futures.
But just how would Chicago hosting the Olympics affect the city’s restaurant and retail construction activity ? Given the fact that most national and international retailers already have stores in Chicago, most retail construction will involve remodeling and expansion of existing stores. Here are a couple of my predictions….
The activity level that we saw in the fourth quarter of 2012 in new retail, restaurant and hospitality construction projects is double what we saw a year earlier. Mike is a retail and restaurant construction expert with more than 30 years of experience. And his luxury hotel construction is some of the best in the business.
to create better foot-traffic flow and help struggling retailers. Many shopping centers owners have difficulty leasing or keeping consistent retail tenants in certain portions of their shopping mall. More importantly, this demographic concentration would appeal to retailers such as toy stores or a children’s clothing store.
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.
If your retail construction contractor can build retail stores like this on Michigan Avenue…. If you did retail construction for Hollywood Videos then you couldn’t build Blockbusters. If you did retail construction for Hollywood Videos then you couldn’t build Blockbusters. It’s the same “who’s on first?” Bill Di Santo.
It was a busy year for shopping center renovations, like the new food court construction at Westfield's Old Orchard shopping center in Skokie, Ill. With so much desirable retail space available, many brands were taking advantage of desirable shopping center rents and tenant allowances to add a new store location and increase market share.
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? Electric – Electricians and breaker manufacturers suggest annual reviews before a retail store or office opens. requires a bird.
What made this peephole so interesting was that it was salvaged from the hotel construction renovation we did of a HoJo in Chicago. Reusing the work stations, file cabinets and chairs from our old office also kept down renovation costs. More specifically it was from the room where O.J. As did using the building’s existing HVAC units.
We saw drawings for new Chicago restaurant projects, retail construction work, office renovations, school construction and learning center additions – you name it, we saw it. Developers and retailers that would normally go 2 deep in bidding went 4 deep. HIGH – Everyone was submitting drawings in 2011. I was wrong.
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.
Green Building Council has announced a new report, "LEED in Motion: Retail," that details the extensive involvement of the retail industry with LEED and the impact of the globally recognized green building rating system on retail development and the consumer experience.
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. we came in on time and under budget without one complaint from any of the retailers. Q uiet over there! No complaints?
After all, shopping center landlords, restaurants and retailers couldn’t afford to be closed two days in a row. If you’re involved in Chicago retail construction , or any type of commercial construction in a cold weather climate, take note of the checklist below. 3, 2011, that didn’t mean the best Chicago contractors weren’t working.
A national commercial construction general contractor can provide clients rough market-specific cost estimates for building the same concept in different cities, as Englewood does for retailer Hobby Lobby. If You Need Rough Budgeting Across Multiple Cities.
Case in point, a developer once asked us to price out a retail-to-restaurant conversion on the first floor of a Chicago high rise. Recently we worked with a national appliance manufacturer to scout existing retail locations for a prototype of a new branded laundromat concept. Will any “unbranding” be necessary?
Look for a solid increase in commercial construction renovations verses new locations, which should hold especially true with new retail construction. While ground-up work should be stronger in 2010 than 2009, most companies will still be watching their bottom line closely. 2. Green is Gold.
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.
When we began the company, our core competency was in national retail and restaurant construction. From big box retail construction and high-end national retail construction to fast-casual dining and white table cloth, award-winning restaurants, we do them all now.
Commercial general contractors understand the scheduling demands our clients are up against – whether they’re trying to hit a firm opening date for a new restaurant or retail location, or simply minimize the amount of time their business is closed or impacted during a renovation.
More importantly, are you even ordering the right or best materials for your new retail construction or restaurant renovation job? Buying construction materials in bulk today won’t help your construction budget if prices for those materials are expected to drop tomorrow.
The travel expenses alone for a non-local general contractor would inflate a retail construction bid to the point where the job isn’t economical. It’s better to work with a national retail construction contractor who is familiar with building your store in other cities verses a local general contractor who’s never built for you before.
Retailer reinvention is good for commercial general contractors. Consumers came back to the market in 2014 and retailers and restaurateurs felt the benefits. Retailers were not content to simply put up new locations with old blueprints and designs. As retailers and restaurateurs set to reinvent themselves, so do we.
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 commercial construction trends for the upcoming year– from what’s on tap for Chicago retail construction to national restaurant construction and hospitality construction.
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