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. Instead, landlords are focused on renovating shopping malls and remodeling office buildings to attract new tenants and entice existing tenants to […]
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-construction projects.
In fact, just recently Disney announced plans to completely transform its 340 stores in the United States and Europe from Disney Stores to Imagination Park, http://bit.ly/14YNxn.
Regardless for your reason to remodel, you need to realize that a renovation is a completely different animal than building new construction.
For example, during a new restaurant construction project, owners are responsible for providing the majority of the supplies and drawings while the general contractor executes the work.