Chicago Retail Construction News and Trends – 2011 Updates

Commercial Construction

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. We still see retailers/landlords/owners take bids from the best Chicago contractors as well as pick-up truck GCs.

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Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. The Tarpon Point Resort at Marina Village is home to a number of upscale retail shops and restaurants. CAPE CORAL: PRIMED FOR RETAILERS.

How Commercial General Contractors Can Help Improve Shopping Center Space for Lease

Commercial Construction

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.

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

Commercial Construction

All of this commercial construction activity is taking place because smart owners and retail investors realize they need to refresh, rebrand and reimage the shopping experience to be competitive in the future. Land was cheaper and national retailers were chasing rooftops in the housing boom.

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Commercial Construction Tips on Dividing a Retail Box into a Multi-Tenant Space

Commercial Construction

As a shopping center landlord or retail developer, you might find yourself with a big empty retail space you need fill – especially if you had Borders or Circuit City as a tenant. Say a big tenant signs a lease that leaves you with 7,500 square feet.

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Retail Development: Top 5 Reasons for Shopping Mall Owners to Work with a Construction and Asset Management Firm

Commercial Construction

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.

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What to Know about Lease Hold Improvements for Your Business

Wolgast Corporation

Lease Hold Improvements. Lease language can be long, tedious, and yet full of important details. If there aren’t already those permissions included, then leasehold improvements can be negotiated when you renew your lease. Office Remodel (Part II).

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

Commercial Construction

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.

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

Commercial Construction

Retail. 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.

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Five Predictions for Commercial Construction Trends in 2011

Commercial Construction

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.

California-Based E-Retailer Picks Indy For New Distribution Center

Buisness Facilities Contributed Content

an electronics-focused e-retailer, has announced plans to locate a new warehouse facility in Indianapolis, IN, creating up to 150 new jobs by 2015. The City of Industry, CA-headquartered company will invest $20 million to lease, renovate and equip an order fulfillment facility in Indianapolis.

4 Commercial Construction Industry Trends and Predictions for 2019

Commercial Construction

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. After all, successful developers and owners aren’t going to sit on their hands and hope a retailer comes along looking to lease 160,000 square feet in their mall – they’re going to do everything they can to make their space attractive to a wide range of tenants.

Understanding Today’s Separation of Landlord and Commercial Tenant Construction

Commercial Construction

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.

Office/Retail/Mixed Use Best Project: ICON at Sunset Bronson Studios

ENR Construction

Fully leased by Netflix, the building includes digital production facilities and a 13-story atrium ICON at Sunset Bronson Studios is an office high-rise with a creative twist.

Top 5 Construction Strategies to Consider Before Purchasing an Underperforming Shopping Mall

Commercial Construction

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. They think major retail construction turns people away from their shopping mall.

The benefits and drawbacks of mixed-use development

The Korte Company

That’s aided by the longer-term leases developers can secure from commercial tenants. The five-story, 231-unit apartment complex includes 15,000 square feet of retail space on the ground floor. The Walgreens retail store on 22 nd Street in Washington, D.C. Across the U.S.

Commercial Construction Checklist for Retrofitting a Shopping Center in Today’s Climate

Commercial Construction

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. Most retailers today want less space.

Commercial Construction Highs and Lows of 2011

Commercial Construction

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.

Legalized Marijuana: Opportunities and Impact for Commercial Real Estate and Construction

Commercial Construction

First of all, the time frame for leasing and building out a space – whether a dispensary or cultivation facility – is often dictated by when new laws around marijuana usage go into effect. Security features, for one, are a major difference between a dispensary and a ‘typical’ retail store.

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Best and Worst of 2010: Commercial Construction Trends

Commercial Construction

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. I’ll say it again, 2010 was a rebuilding year for the commercial construction industry.

Defending against the online dragon

BD+C

Cambridge Properties is primarily a retail developer. is unlikely to include soft-goods retailers as tenants. “We’re Cambridge’s Vice President of Leasing and Development. But its proposed University City entertainment district in Charlotte, N.C.,

5 Signs Your Shopping Center Construction Contractor is Costing You Business

Commercial Construction

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.

The RoomPlace Announces Indianapolis Expansion

Buisness Facilities Contributed Content

This new location will also house the corporate headquarters of The RoomPlace’s rent-to-own retail division, EasyHome. Amazon to lease facility in Bethpage as distribution center. Textile firm leases large distribution building on I-20 in southern Dallas.

Avoiding Commercial Construction Remodeling Pitfalls.

Commercial Construction

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.

Commercial Constructions Trends to Watch in 2010

Commercial Construction

Look for a solid increase in commercial construction renovations verses new locations, which should hold especially true with new retail construction. 4, seasonal stores that require short-term leases and less construction will still be hot in 2010.

LBX Company Announces Formation of LBX Capital

Construction Equipment

LBX Company LLC announced the formation of LBX Capital, a financial services organization that will provide retail and wholesale financing exclusively for Link-Belt excavators, material handlers and forestry machines in the U.S.

BUSINESS REPORT: Hat World Puts Expanded Headquarters In Zionsville, IN

Buisness Facilities Contributed Content

a homegrown Hoosier company, manufactures sports apparel and operates retail stores primarily under the LIDS brand, a familiar mecca for team caps in shopping malls across the U.S. By Jonathan Sanders. From the January/February 2014 issue. Hat World, Inc.,

CMA Announces National Board of Directors

Construction Marketing

Hodges is Executive Director of the Construction Writers Association, and a former Bovis Lend Lease executive, among other firms. The Construction Marketing Association (CMA), a professional organization launched in 2010, and has appointed six directors and seeks more.

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Five Below To Expand, Relocate National HQ In Philadelphia

Business Facilities

Five Below, a specialty value retailer catering to teens and pre-teens, will expand and relocate its national headquarters in Philadelphia, PA, a move that will create 154 new, high-wage jobs. “We

New Jersey Tax Credits Encourage Job Creation, Investment

Business Facilities

If the company opts for New Jersey over leasing a competing facility in the Bronx, the project would result in the creation of 40 new jobs and private investment of more than $8.9

Industrial Warehouse Space, Distribution Center Demand Remains Strong

Buisness Facilities Contributed Content

New space is often build-to-suit for major retailers and manufacturers, as an estimated 40% of existing U.S. China Sees Long-Lead Lease Renewals: Long-term, increased consumer demand will drive the need for high-quality logistics properties throughout Asia Pacific industrial sectors.

Israel-Based Manufacturer Locating North American HQ In Indiana

Business Facilities

million to lease and equip the 91,000-square-foot facility. MCP USA, a manufacturer of ready-made meal trays, will locate its North American headquarters in Portage, IN, creating up to 60 new jobs by 2019.

Benchmark Electronics Picks Tempe, AZ For New HQ

Business Facilities

At build-out, Rio 2100 will include office, retail, restaurant and multifamily space, as well as two hotels, within Tempe’s Rio Salado corridor.

Nevada Stops Subsidizing Net Metering

Green Building Law Update

a homeowner with leased photovoltaic panels on their roof) in southern Nevada by approximately $623 per year, having the effect of increasing electricity costs for the many (including disproportionately, the poor). But the retail rate is at an actual loss to the monopoly utility.

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Green Building Bonds as a Game Changing New Source of Capital

Green Building Law Update

With 332 retail properties, the REIT''s portfolio encompasses over 43.9 Regency Centers Corporation, a publicly traded REIT, completed the sale of $250 million of “green building bonds” on May 14, 2014.

PSMJ Resources Blog: MHC says starts rise in August; housing is.

PSMJ Resources

MHC says starts rise in August; housing is mixed; retail remains weak; industrial gains. The outlook for retail construction remains bleak. Major national retailers at AGC’s Public-Private Industry Advisory Council meeting on Friday reported they expect to spend more on distribution facilities in 2012 than on new or remodeled stores as they consolidate and speed deliveries to stores and respond to growing online orders. skip to main | skip to sidebar.

Innovation Is Thriving In Arizona

Business Facilities

After leasing the U.S. Build to suit retail/restaurant pads and Class A office development opportunities. More than 2 million square feet of retail and restaurants within 3-mile radius. By the BF Staff. From the July/August 2017 Issue.

Richelieu Foods Expanding In Wheeling, IL

Buisness Facilities Contributed Content

will expand its manufacturing capacity by leasing a 115,000-square-foot food grade manufacturing plant in Wheeling, IL. Richelieu Foods Expanding In Wheeling, IL originally appeared on Business Facilities (BF) Magazine. Richelieu Foods Inc.

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Your ENERGY STAR Score is About to Fall Precipitously

Green Building Law Update

The change is significant for buildings pursuing LEED or Green Globes certification, for buildings with GSA or other government space leases tied to an ENERGY STAR score of 75, for buildings in cities with mandatory benchmarking, and for the more than 450,000 commercial properties that have an ENERGY STAR score. Building owners that utilize ENERGY STAR Portfolio Manager will see a dramatic change in the 1 to 100 ENERGY STAR scores after August 26, 2018.

Less Is More In New England

Business Facilities

Waterstone Retail of Needham, MA has a 500,000-square-foot center underway with Phase 1 now open and Phase 2 approved by the city. The company also is taking advantage of two standard lease incentives offered by the QDC. By the BF Staff. From the July/August 2017 Isssue.