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Chicago Retail Construction News and Trends – 2011 Updates

HardHatChat

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.

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Retail Construction Trends: Shopping Center Construction Enters Renaissance with Renovation Work

HardHatChat

In the Chicago area alone, there are probably close to a dozen local and regional shopping malls in the middle of a shopping center renovation project, or, slated to begin one in the very near future. However, this is not just a Chicago trend. Of course, all of this commercial construction activity has been a boon to the industry.

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What are Today's Best New Retail Developments? | Hard Hat Chat

HardHatChat

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.

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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 ? I do not anticipate new restaurateurs signing long-term leases for a two-week event.

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4 Commercial Construction Industry Trends and Predictions for 2019

HardHatChat

I recently attended a senior housing conference in Chicago where a panelist discussed the challenge senior housing operators face in hiring and retaining caregivers and other staff given the high hourly wages offered by employers like Amazon. Developers Think Outside the Big Box to Fill Retail Vacancies.

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Understanding Today’s Separation of Landlord and Commercial Tenant Construction

HardHatChat

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 retail leases in 2011.

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Commercial Construction Highs and Lows of 2011

HardHatChat

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.