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2015 Commercial Construction Industry Trends and Predictions

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The increased commercial construction activity paved the way for some large new retail construction projects and restaurant construction, as national retailers and restaurant owners became more confident in the improving economy. When more retailers are packed together, some can get lost in the shuffle.

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2015 Commercial Construction Industry Highs and Lows

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Writing our annual “Highs and Lows” commercial construction blog post was a bit more difficult this year because, on the whole, 2015 was pretty great for Englewood Construction and many others in the construction industry. Yet despite all its positives, 2015 wasn’t without its commercial construction challenges.

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From Clicks to Bricks: Retail Construction Tips as Online Retailers Move to the Mall

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Online retailers opening their first physical stores need to be as well-versed in a shopping center’s holy trinity as proven and successful bricks-and-mortar retailers already are. Now, retailers are realizing there’s space for both online and bricks-and-mortar players in today’s omni-channel marketplace.

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Hotels are becoming the favored places for retailers and consumer products to bolster their brands

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That’s particularly true of retail and consumer brands at a time when the drawing power of physical stores has been diluted by the proliferation of online options that accounted for $349.9 increase over 2015 and representing 11.7% Companies are always looking for ways to extend their brands to new customers.

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What a Chicago 2016 Summer Olympics Means for Chicago’s Retail and Restaurant Construction Industry

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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….

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Looking Back at Commercial Construction 2014 – The Year that Was

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With new hotel construction on the rise, Englewood is reconnecting with clients such as Value Place for projects in 2015. Retailer reinvention is good for commercial general contractors. Consumers came back to the market in 2014 and retailers and restaurateurs felt the benefits. However, this came with a caveat.

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Commercial General Construction 2014 Highs and Lows

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Low – Retail takes a step back. Retail construction has taken a step back and worthwhile projects are becoming few and far between. Many national retailers are still expanding, but it is with smaller square-footage concepts, making margins much tighter and bidding much more competitive. High – Shopping Mall Renovation.