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Commercial Construction Trends and Predictions for 2016

HardHatChat

A continuing construction labor shortage will result in higher pricing and scheduling challenges in 2016. We are optimistic this positive momentum will continue into 2016, but as always there are challenges ahead, too. Locally Grown Restaurants Feed the Construction Pipeline.

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Commercial Construction Trends: The Highs and Lows of 2016

HardHatChat

Here’s a look at our top 2016 commercial construction “highs” and “lows”: Low: Mall Retail Tenants Choose Local over National. As a national commercial construction firm, it’s not surprising the majority of our 2016 revenue came from work outside our home market of Chicago.

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

HardHatChat

There’s no doubt that local businesses will have much to celebrate if on October 2, 2009, Chicago wins the 2016 Summer Olympics bid. But just how would Chicago hosting the Olympics affect the city’s restaurant and retail construction activity ? Here are a couple of my predictions…. I say back the bid! Bill Di Santo.

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Chicago Architecture Biennial to hold 'Lakefront Kiosk Competition'

BD+C

The first Chicago Architecture Biennial will take place from October 2015-January 2016, with a theme of "The State of the Art of Architecture.". The biennial has just announced a "Lakefront Kiosk Competition" to design a kiosk for Chicago''s waterfront for use by visitors during and after the biennial, Archinect reports.

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Outcome Health Creating 2,000 New Jobs In Chicago

Business Facilities

Outcome Health is planning to add 2,000 new employees over the next five years at its new 392,000-square-foot Chicago location, Outcome Tower. The Chicago-based company’s growth is helping drive the city’s emergence as a national hub for the health-tech sector. Outcome Health | © Gensler Chicago.

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Mortenson Raises Estimate for 2017 Chicago Construction Cost Increases to 4.5%

Construction Superintendent Magazine

CHICAGO, Ill. With supplies of some key materials, equipment and labor tightening, Mortenson Construction has raised its estimate for nonresidential construction cost increases in Chicago, Illinois, for 2017 from 4 percent to 4.5 This year’s increase follows a 2016 jump of 4.3 This year’s increase follows a 2016 jump of 4.3

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First Modern Wooden Office Building Planned for Chicago

Construction Equipment

Division Street in Chicago. The building would be similar to the seven-story T3 office building finished in 2016 in Minneapolis which was built using engineered wood with each floor separated by a concrete layer. Houston-based Hines Interests is seeking zoning approval for its new project at 1017 W.

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