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. We’ve compiled the list below based on conversations with clients and fellow commercial construction experts, upcoming bid work, economic projections and observations in the field.
The Keys to Making Big Box Retail Construction Projects Successfully Fit Smaller, Urban Footprints like CityTarget on State Street
With the recent Chicago commercial construction news of Target moving to State Street and Wal-Mart opening its Neighborhood Market store at Presidential Towers, it begs the question of what other big box retailers might take advantage of current commercial construction costs and available space to introduce a smaller concept store to downtown Chicago. Is this a new retail construction trend? Probably so.
hhGregg is certainly creating buzz in Chicago retail construction with a number of retail retrofit construction projects in Chicago’s suburbs, so perhaps they are a likely candidate to penetrate the city’s urban retail market.
As suggested in my 2011 commercial construction trends blog post, there seems to be a rise in new restaurant construction, particularly among franchise restaurants. In fact, Crain’s Chicago Business just reported that Moe’s Southwest Grill has sold restaurant franchise agreements to open 10 new units in the Chicago market. So I thought I’d devote a […]
January is a great time to create a commercial construction checklist of resolutions to help improve your commercial real estate business in the coming year. I’m sure some of you don’t have the time to draft a list of resolutions, so I’ve done it for you – you can thank me later. Whether you’re looking […]
I’ll say it again, 2010 was a rebuilding year for the commercial construction industry. It wasn’t as bad as 2009, but not as good as 2008. So I’ve created a commercial construction checklist for what we considered the highs and lows of 2010 commercial construction trends. High – Shopping Centers. We saw much-improved activity in […]