375 West Broadway. Photo: CoStar Group

Call it coworking for e-commerce.

Lightstone Group has signed a 10,000-square-foot lease at 375 West Broadway, where it will open a shared space for online retailers to sell their goods, according to a press release from the company.

Called bio and set to open at the beginning of next year, the Soho site will be home to about 30 brands that specialize in beauty, fashion and home goods, the release indicates. There will also be a bar and caf managed by the folks behind Jacks Wife Fredaa bistro that has two locations in the posh retail-focused neighborhood.

bio acknowledges that many of the most inspired companies do not yet have the resources to support their own storefront, but want something more lasting than a pop-up, Lightstone President Mitchell Hochberg said in prepared remarks. bio offers a new framework where brands have the opportunity to animate their own modal shop displays within a unified design-driven environment.

Hochberg added that the retailers would have in-house staff to help grow the brands, along with access to analytics technology.

Lightstone signed a 10-year lease for the space, according to The Wall Street Journal, which first reported news of the deal. Asking rent in the deal was not available.

It wasnt immediately clear if brokers were involved in the transaction, and a spokeswoman for the retail program did not comment right away. RKF is listed as the marketing agent for the Pearlmark Investment Advisors space; a spokeswoman for the brokerage did not immediately return a request for comment.

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Lightstone Gets Into Shared Space Retail Game With Soho ...

Auction:12/12 - 12/14: Midtown Plaza Cleveland, Ohio Property tours are available on the following dates:Thursday, November 17th from 2:00pm-4:00 pmTuesday, November 29th from 2:00pm-4:00 pmPlease...

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active Not Disclosed 239,068 SF N/A Retail Retail (Other)

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $466,155 2,500 SF N/A Retail Street Retail

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $40,000 4,838 SF N/A Retail Restaurant

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $6,191,667 14,490 SF 6.00% Retail Anchor

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $200,000 3,280 SF N/A Retail Free Standing Bldg

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $1,646,600 8,267 SF 7.50% Retail Free Standing Bldg

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active Not Disclosed 12,300 SF N/A Retail Free Standing Bldg

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $25,000 NaN SF N/A Retail Retail (Other)

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $324,900 13,000 SF N/A Retail Retail (Other)

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $1,784,983 7,545 SF N/A Retail Retail Pad

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $250,000 11,421 SF N/A Special Purpose Special Purpose (Other)

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $1,040,000 8,000 SF 7.70% Retail Free Standing Bldg

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $159,000 10,700 SF N/A Retail Street Retail

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $250,000 7,920 SF N/A Retail Street Retail

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active Not Disclosed 50,762 SF N/A Industrial Warehouse

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $395,000 4,010 SF N/A Office Office Building

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $250,000 2,698 SF N/A Retail Street Retail

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $145,000 5,511 SF N/A Retail Street Retail

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $869,000 14,800 SF N/A Retail Street Retail

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active Not Disclosed 25,184 SF N/A Retail Restaurant

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $995,000 14,600 SF 9.44% Retail Retail (Other)

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $3,415,000 64,530 SF 8.50% Retail Neighborhood Center

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $55,000 4,718 SF N/A Retail Free Standing Bldg

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $55,000 5,200 SF N/A Retail Street Retail

Status: Price: Bldg. Size: Cap Rate: Primary Type: Sub-Type:

Active $55,000 5,200 SF N/A Retail Street Retail

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08/08/16 Dr Martens opens for Business in Cambridge

The iconic British footwear brand Dr Martens has opened a new store in Cambridge. The 700 sq ft retail outlet's arrival in Sidney Street, follows the recent store opening on Sadler Gate in Derby earlier this year bringing Dr Martens' UK stores count up to 25 nationwide. The property was taken on a 10 year lease with a break at year 5.

Cambridge is a fantastic and diverse city which has a cultural relevance to Dr Martens with its strong association with music a key pillar of the brand. Cambridge is also renowned for its buzzing student population which makes it the ideal location.

The Landlords The Master, Fellows and Scholars of Trinity College, Cambridge were represented by Bidwells.

Dr Martens were represented by their retained agents SPACE Retail Property Consultants who continue to seek further locations for opening in 2016.

Click here to view the press release.

For more information please contact rob.palmer@space-rpc.com or peter.leverett@space-rpc.com

Planning consent has been granted for a new 55,000 sq ft Trade Park at Thurmaston, Leicester, where SPACE acted on behalf of our client Travis Perkins PLC to take a new lease for their brands Wickes Building Supplies, Travis Perkins Builders Merchant, Benchmarx Kitchens and BSS Pipeline and Heating. The Trade Park adjoins Costco and is owned by Charles Street Buildings Group who have agreed a new 25 year lease with our client.

The Trade Park is expected to open in early 2017 and construction has now commenced on site.

For more information please contact susan.harrison@space-rpc.com

Dr Martens arrive in Derby following the success of recent openings in London's Oxford Street, Cheshire Oaks and Sheffield. The 478 sq ft standalone store opened at 50 Sadler Gate on a new 5 year lease.

Derby's is widely regarded as one of the birthplaces of the industrial revolution and with its rich heritage in manufacturing makes this an ideal match for Dr Martens whose brand origins lie in workwear.

With its lively alternative music scene and vibrant student population, Derby sits well for Dr Martens and Sadler Gate's buzzing bars, shops, tattooists and hair salons makes this the perfect destination.

The Landlords Clowes Developments (UK) Limited were represented by FHP Property Consultants.

Dr Martens were represented by their retained agents SPACE Retail Property Consultants who continue to seek further locations for opening in 2016.

Click here to view the press release.

For more information please contact rob.palmer@space-rpc.com or peter.leverett@space-rpc.com

Team SPACE are cycling 110 miles for charity on Saturday 30 April in aid of the MND Association and in memory of our lovely friend Jonathan Smith.

Peter Leverett, Robert Palmer, Martin Herbert, Susan Harrison and our friends James Whitelaw and John McHugh are all taking part in the challenge. It is a 110 mile bike ride from Nevill Holt, Leicestershire all the way to The Jolly Sailer, Brancaster Straithe! This is the 10th anniversary of the century challenge.

Please do sponsor us at:

http://uk.virginmoneygiving.com/fundraiser-web/fundraiser/showFundraiserPage.action?userUrl=SPACE-RPC&faId=669746&isTeam=true

We will be at @completelyevent Completely Retail & Leisure Marketplace tomorrow, meet us there at stand 95!

#SPACE

Click here to see who we are working with

The 19th Century Great Central Railway building a former wagon repair works, located off Upperton Road, and once facing demolition, has won a Leicester Civic Society Award.

The building which was once dilapidated and vandalised was restored in a 10 m revamp by our client Jamie Lewis to provide retail units and a coffee shop a cycle store.

SPACE advised on the development site from the outset, with lettings to Evans Cycles, Nisbets and Starbucks, alongside a Lidl foodstore.

The panel were immensely impressed by the high quality of the extremely complex structural work undertaken by Staniforth and RG+P Architects and their contractors.

The awards will be presented at an event on Friday April 15 with Peter Chandler, creative workspace development manager for Leicester City Council as guest speaker.

To view the press release click here

For more information contact susan.harrison@space-rpc.com

SPACE Retail Property Consultants acted on behalf of the site owner in the freehold sale of this 1 acre site to KFC Franchisee Demipower Limited for an undisclosed sum.

The Drive Thru restaurant, located on Leicester's North Ring Road at Hamilton opened in December 2015.

Click here to view the press release.

For more information please contact susan.harrison@space-rpc.com

Wishing you a very Happy Christmas from all of us at SPACE

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Cheshire Oaks is the UK's largest Designer Outlet with more than 145 boutiques. It has recently welcomed the iconic British footwear brand Dr Martens into Unit 14 comprising of 2,382 sq ft. The retail outlet was taken on a 5 year lease and follows the most recent opening in Sheffield. Dr Martens joins an impressive lineup of retailers in the 250,000 sq ft retail outlet ranging from athletic labels like Nike and Adidas, and high-street favourites, like Marks & Spencer and Next, to a selection of fashion brands including Burberry, Polo, Michael Kors and Hugo Boss.

The Landlords Henderson UK Limited were represented by McArthurGlen UK Limited.

Dr. Martens were represented by their retained agents SPACE Retail Property Consultants who continue to seek further locations for opening in 2016.

Click here to view the press release

For more information please contact rob.palmer@space-rpc.com or peter.leverett@space-rpc.com

SPACE are delighted to announce that Caff Nero are now open in Elliott's Field Shopping Park. The 1,500 sq ft store is situated in the brand new 35million retail park which is 5 minutes from Rugby town centre. The unit was taken on a 10 year lease.

Caff Nero join an impressive line-up of retailers on the 60,000 sq ft park anchored by Debenhams and Marks and Spencer including Outfit, Next, River Island, Fat Face and Clarks.

The Landlord, Hammerson (Rugby) Ltd were advised by Wilkinson Williams. Caff Nero were advised by SPACE Retail Property Consultants who continue to act for them on out of town acquisitions.

Click here to view the press release

For more information please contact susan.harrison@space-rpc.com

We will be at Completly Retail Market Place - Stand 95 - Lets Talk!

#CRMPLONDON

Click here to see our clients

We'd like to thank our lovely clients and business partners for their ongoing support.

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Property Group Calthorpe Estates has appointed SPACE Retail Property Consultants as part of its ongoing redevelopment project in Egbaston called The Village.

SPACE have been charged with finding a mix of high-quality, independent boutique retailers and specialist food and beverage operators to the new estate.

Jayne Herritty, sales and marketing director for Calthorpe Estates said: "Having reached a stage of this flagship project where we are ready to engage with prospective tenants, it was incredibly important to us to have agents for The Village. Not only does SPACE have an enviable reputation in the commercial property market for its specialist retail and leisure experience, the team shares our passion and vision for The Village and we are confident they will be great advocates for the project when presenting the commercial opportunities to potential occupiers".

The SPACE team is headed up by Peter Leverett and Martin Herbert with support from Naomi Ellwood.

Mr Leverett said "Getting the leisure and retail mix right is key to creating a distinctive sense of place for the Village and the focus for SPACE is firmly on complementing the nature of the existing offering in Egbaston serving those who live and work in the area while also establishing The Village as a destination in its own right.

We will be working closely with the likes of homewares and interiors businesses, specialist food and beverage operators to niche or designer retailers, as we help build the new leisure and retail community."

Click here to view the press release

For more information please contact:

peter.leverett@space-rpc.com or

martin.herbert@space-rpc.com

Sheffield welcomes British footwear brand Dr Martens who opened their 21st UK store here this week at 52 Chapel Walk.The 900 sq ft retail outlet was taken on a 5 year lease and follows openings in Portsmouth, Milton Keynes and Belfast.

The edgy city with its own street style as well as a great music association and student scene is an ideal place for Dr Martens to make their mark. It is also known for its industrial roots with a rich history of steel production which reflects Dr Marten's passion for hand-crafted British manufacture.

The Landlords Zurich Assurance Ltd were represented by Knight Frank.

Dr. Martens were represented by their retained agents SPACE Retail Property Consultants who continue to seek further locations for opening in 2015.

Click here to view the press release

For more information please contact rob.palmer@space-rpc.com or peter.leverett@space-rpc.com

SPACE are delighted to have acted on behalf of The Co-operative Food Group in acquiring their new store at Abbotswood Park, Leavesden, Watford. The 2,800 sq ft store opened today on a new housing estate of 425 houses and is next door to Warner Bros Studios and the Harry Potter Theme Park.

The new store is part of two blocks of apartments with a GP, Dentist and Subway on the ground floor and large shared car parking.

Click here to view the press release

For more information please contact susan.harrison@space-rpc.com

After 5 years acting as agents jointly with JLL on shopping centre agency in the Charles Darwin Centre in Shrewsbury, we are delighted to confirm that our clients UK Commercial Property Trust, advised by Standard Life, have exchanged with Primark for a new 50,000 sq ft store.

The store, which will span two levels will trigger an exciting 12m investment which includes a brand new fit out for Primark and the transformation of the public areas within the shopping centre.

Councillor Keith Barrow, Leader of Shropshire Council, said: "It's fantastic news that a well-known national chain such as Primark is to open a new store in Shrewsbury, and is a real vote of confidence in the town. It will further enhance what Shrewsbury offers to shoppers, make the town even more attractive to visitors and to other potential investors and, importantly, create jobs for local people."

Click here to view the press release

For more information please contact susan.harrison@space-rpc.com

SPACE are delighted to announce that they have acted on behalf of both Arcadia and Caff Nero at Rugby's new 35million extension and redevelopment of Elliott's Field Shopping Park.

Arcadia are to open a new 10,000 sq ft Outfit store in the main retail terrace and Caff Nero have taken 1,500 sq ft where they will be joined by Ed's Easy Diner and Nandos.

Elliott's Field is set to host an impressive line-up of retailers with a 60,000 sq ft full-line Debenhams department store offering womenswear, menswear, homewares, cosmetics will anchor the scheme, as well as other leading retail brands including Marks & Spencer, TK Maxx, Next and Clarks who are already committed to the scheme.

On schedule to open later this year, Elliott's Field will comprise 180,000 sq ft of retail and dining floorspace and 567 car parking spaces.

Click here to view the article

For more information contact susan.harrison@space-rpc.com

We will be at Stand 95 at #crmplondon

Lets's talk about our clients...

Click here to see who we are working with.

Following the success of their first restaurant in Market Harborough, SPACE are excited to announce that a second location for Meatcure, the American style burger shed, has been completed.

The 1,700 sqft restaurant is located on Highcross Street, Leicester and will start fitting out shortly.

The transaction complements other recent deals by SPACE including Lumbers Jewellers and Bills.

SPACE continue to search for further unique locations for Meatcure in 2015.

Click here to view the article

For more information contact martin.herbert@space-rpc.com

SPACE are delighted to have acquired 75 North Street the 7th UK store for their retained client Pure Collection. The 1,108 sqft store is located in a prime shopping pitch.

Pure Collection continue to expand their UK High Street presence in carefully selected locations.

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Space Retail Property Consultants

We get this question all the time: How much does it cost to build a commercial building? There is no quick answer and without more information about the project and its location, is essentially akin to asking how many angels can dance on the head of a pin. However, there is some guidance provided we know where you are located and what kind of building you are looking to build. Local economy is a very important factor in construction cost as well as the type of construction you intend to build.

We subscribe to RSMeans, researchers of construction cost data nationwide, and have come across some important current data on the cost of commercial construction for four different commercial project types as a function of their location. Note, that not all types of construction cost the same per square foot, and even more importantly, the cost of construction per square foot varies significantly with location.

Below are four different types of commercial construction and the varying cost per square foot to expect for each in different regions. All graph images are courtesy of RSMeans Construction Cost Data. Data source: Reed Construction Data RSMeans/Charts: Reed Construction Data CanaData

As you can see from the range of cost per square foot, location alone can represent as much as 70% of the cost driver for a single story office building. The median for this type of construction is between $160 and $170 per square foot. Not surprisingly, New York tops the charts for most expensive city to build in for all of these building types.

Convenience stores are generally less expensive to construct than the other building types because of their simpler nature. The median cost for this commercial building type hovers around $100 per square foot.

Because of the new trends in fast food being more boutique and less assembly line, the cost for a typical fast food restaurant is on the rise. Expenses for kitchen equipment also drive this building type to a median of near $200 per square foot, the most expensive of the four building types in this discussion.

It is increasingly important to understand the cost drivers for any commercial project and how building type, construction type and location can all be huge variables thatwill drive your cost per square foot. These arealways a part of the initial programming discussions and the Architectwill play a huge role in helping to define the ranges of cost to expect for the project.

Tagged as: Commercial, Construction, construction cost, Restaurant

Link:
Cost per Square Foot of Commercial Construction by Region ...

We understand that the commercial remodeling process is difficult, as many times our customers need to keep doing business while renovations occur. We recognize that your business is important and therefore, we use our expertise in order to manage your renovation process while minimizing or eliminating the time during which you are unable to operate business.

In addition, we believe that with proper planning and implementation, we can keep your remodeling project on schedule and on budget. Our construction management company will work closely with you during all phases of your project in order to ensure optimal results. We offer single source responsibility as our company makes a commitment to delivering the successful completion of your project. Using our teams professional knowledge of construction management and commercial remodeling, we will help you to determine the design concept that meets your goals. Next, our team will work with you to achieve the space planning and layout best for your commercial construction. Finally, our talented contractors will manage the development and construction process of your renovation ensuring the project is completed as scheduled.

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Commercial Remodeling in St. Louis: Construction and ...

Tap to Zoom Available Spaces OL1 Available 2.14 ACRES 205 Available 1,233 SF 700 Available 13,374 SF 720 Available 7,475 SF 730 Available 3,436 SF 780 Available 3,926 SF Current Retailers 101 GORDMANS 50,134 SF 111 ROSS DRESS FOR LESS 25,108 SF 121 HOME GOODS 23,974 SF 131 DSW 18,387 SF 141 PIER 1 IMPORTS 9,596 SF 200 Q-BBQ 2,188 SF 210 CHICO'S OUTLET 2,458 SF 220 TOMATO BAR 4,617 SF 300 MEATHEADS 2,388 SF 305 MATTRESS FIRM 3,393 SF 315 FIREHOUSE SUBS 1,813 SF 320 NOODLES & COMPANY 2,620 SF 400 AT&T 2,014 SF 410 KIRKLAND'S 6,488 SF 420 LANE BRYANT 4,515 SF 430 OSHKOSH 2,945 SF 440 CARTER'S 3,575 SF 500 WHOLE FOODS MARKET 40,469 SF 760 BENTLEY'S PET STUFF 1,641 SF 770 AMERICA'S BEST CONTACTS & EYEGLASSES 3,055 SF 790 TALBOTS 6,078 SF 800 NORDSTORM RACK 25,030 SF OL2 CARRABBA'S ITALIAN GRILL 6,177 SF

Population

1 Mile Radius

3 Mile Radius

5 Mile Radius

5,623

71,723

176,986

87,239

83,957

75,365

2,585

29,259

68,082

Traffic Count

Shops on Main - 278,107 SF

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Shops on Main has highly trafficked restaurant, office and retail space in the Indianapolis area. Shops on Main and Regency Centers' other Schererville retail spaces are found in well-located and well-merchandised shopping centers anchored by top grocery stores. This means higher sales for you.

Contact us now about Shops on Main, to find restaurant and retail space for rent in Schererville, IN or retail leasing wherever you want to be.

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Shops on Main | Schererville Retail Space for Rent and ...

Turner's Interiors group in New York recently turned over 120,000 square feet of luxury retail space within Brookfield Property Partners 375,000-square-foot retail offering at Brookfield Place. Known simply as 230 Vesey Street, the renovation -- a key element of Brookfields $300 million transformation of the former World Financial Center --is a clear indication that Lower Manhattan has become a luxury retail, dining and cultural it spot.

Fueling this trend has been the relocation of technology, advertising, media and information (TAMI) firms, such as Time Inc., whose 700,000-square-foot headquarters is under construction at 225 Liberty Street, and an influx of luxury residential developments. In addition, new and planned tourist destinations, such as the National September 11 Museum and Governors Island, which will re-open on May 23, 2015 after undergoing extensive site improvements, are attracting tourists from all over the World. Brookfield Place is part of more than two million square feet of new and repositioned retail, dining and cultural space that caters to residents, professionals, and tourists living, working and playing in Lower Manhattan (Source: Downtown Alliance).

The success of this project is not only attributed to our ongoing relationships with the projects stakeholders, but also to our understanding of the value that Brookfield placed on this project, and its importance in revitalizing Lower Manhattan, said Edward Magnani, vice president at Turner Interiors.

Home to luxury brands DVF, Michael Kors, and Theory, 230 Vesey Street also serves as a pedestrian artery connecting the 250 and 200 Vesey Street buildings to the Winter Garden, Marina and World Trade Center Transportation Hub. Turners Interiors project team negotiated complex site logistics throughout the project to ensure that critical pathways in and out of Brookfields eight-million-square-foot complex remained accessible to building occupants.

Since the start of construction in July 2013, Turner constructed pedestrian chutes spanning hundreds of feet between the adjoining buildings. These chutes, composed of sidewalk sheds constructed within the pathways, were used to support fire safety systems, such as smoke detectors and sprinkler heads. The sheds were then sealed behind a layer of drywall, giving the new pathways a finished look. As project phases were completed, the chutes were deconstructed and repositioned to facilitate future renovations. During this entire process we remained in constant communication with the client, design team and community groups, said Lauren DiNizo, project manager, Turner Interiors.

"Throughout the entire project, Turner proved themselves, executing complex construction activities while managing a myriad of field conditions to stay on budget and on schedule, observed Christian Heimple, PE, director of construction at Brookfield. Scott Hayden, senior associate at Spector Group Brookfield Places executive architect echoed that sentiment, saying, we could not have had a more professional and dedicated group than Turner Interiors.

With venerable couturiers Herms, Salvatore Ferragamo and a Saks Fifth Avenue luxury outpost confirmed as tenants, Brookfield Place sits at the center of more than $25 billion of new construction that has transformed 30 acres of Lower Manhattan into a definitive destination for retail, dining and culture. Pictured from left to right: Scott Hayden - senior associate (Spector Group), Christian Heimple, PE - director of construction (Brookfield Property Partners), Scott Pengitore - MEP superintendent, Peter Favaloro - engineer, Christopher Johnson, PE - assistant director of construction (Brookfield Property Partners), Phillip Leone - engineer, Peter Henehan - estimating engineer, Matthew Murphy - assistant accountant, Jeremy Beauchemin - project safety manager, Ed Magnani - vice president, operations manager and project executive, Kyle Oest - superintendent, Brett Dommer - superintendent, Lauren DiNizo - project manager, Kezia Chisholm - assistant engineer, Esi-Kilanga Bowser - engineer, John Thomas - project superintendent, Kenneth Faas - estimating engineer, Tony Osekosky - project superintendent, Ryan Arcadia - engineer, Bert Rahm - vice president, senior operations manager, Megan Brothers - vice president, design (Brookfield Property Partners), Robert Krasowski - business development manager.

Project team members not shown: John Latella - project superintendent, Scott Pengitore - MEP superintendent, James Doyle - superintendent, Edgar Moreno - superintendent, Gregory Gutkes - assistant superintendent, Roger Sullivan - assistant superintendent, Jordan Moskowitz - safety.

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News | Turner Interiors Delivers Luxury Retail Space in Up ...

Englewood Construction recently began renovation work on the Brazos Mall in Lake Jackson, Texas.

Its taken some time, but shopping mall commercial construction activity is back in a big way, as owners and operators have initiated only what can be described as a renovation renaissance.

Almost everywhere we look, it seems an older, out-dated shopping mall is undergoing a substantial commercial construction renovation. 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. Some have been staples in the market for decades, such as Oak Brook Center, Yorktown Center in Lombard, Ill. and Water Tower Place in Chicago, while others have fallen by the wayside and need to make a play to stay relevant, such as the Charlestown Mall in St. Charles; the Hawthorn Mall in Vernon Hills, which is beginning a $40 million expansion and renovation; and the old Ford City Mall in Chicago, which is undergoing a $35 million shopping mall renovation.

However, this is not just a Chicago trend. As a national general commercial contractor, Englewood is working with a savvy investor that is purchasing underperforming regional shopping malls and renovating and re-tenanting them, thus, bringing value back. Right now, Englewood has shopping center construction projects underway at the Shawnee Mall in Shawnee, Okla. and the Brazos Mall in Lake Jackson, Texas.

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. Lifestyle centers and power centers may have been the big play in the last major round of retail construction, but as ground-up shopping center construction projects are still seen as a risky endeavor, the surviving traditional shopping centers are capitalizing on the improving retail market to initiate these commercial construction renovations to make them vital once again.

Of course, all of this commercial construction activity has been a boon to the industry. Architects, engineers and commercial construction general contractors are all receiving a boost from these national shopping center renovation projects.

There are a lot of reasons for this shopping center construction renaissance, but the main catalyst is national retailers that survived the downturn are beginning to flex their muscles a little more today and find well-located retail space at favorable rents. This has emboldened them to not only take on new long-term leases, but also expand the footprint of their traditional retail space.

To meet this demand, owners of older shopping malls often have to reconfigure their current space and commit to updating their product to try and best competitors.

Retailers such as Forever 21, Uniqlo and H&M are making aggressive plays into new shopping center construction space and sometimes taking up to as much as 40,000 square feet, a substantial increase from past store sizes. Mainstays, such as Gap and Limited, are also always looking to reposition in new shopping center construction space and may migrate to recently upgraded shopping malls.

Location is playing a major role in this process as well. Most of the new commercial construction we saw in the last decade was in outer-ring suburbs and even exurban areas. Land was cheaper and national retailers were chasing rooftops in the housing boom. As many of those markets never quite materialized, retailers and investors are now looking back to established regional shopping malls in major urban locations and older suburbs. With strong area population demographics, national retailers are intrigued, but its not a matter of simply being in a location and open for business. Many of these locations have had high-vacancy rates or have been dark for years. As this new wave of commercial retail construction takes place, those that neglect new shopping center construction and updating will likely stay obsolete. Owners are finding out they need remodeled shopping mall space, or they will fall by the wayside.

Its an exciting time and the retail construction industry is poised to help breath new life into existing shopping malls with new shopping center construction projects. Look for some exciting retail news from Englewood coming soon in the Chicago area as we gear up for some substantial work. Well be sure to keep you posted.

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Retail Construction Trends | New Shopping Center Construction

TEMPLE, Texas (KWTX) The owners of a historic downtown Temple building are planning to bring new life into the area with a multi-shop retail space called The Hub.

It will house specialty shops, local artists and even an ice cream parlor.

Renovation is already underway for the $700,000 project on South 2nd Street in downtown Temple.

Joe Shepperd is one of the owners of the space.

"We felt like downtown would support more than what it has now, Shepperd said.

Shepperd and the managing partner of The Hub, Holly Gosh, say it will be a space for local shops, entrepreneurs, and artists to showcase their talents in a unique atmosphere.

Gosh said the first floor of the 16,000 square foot space will feature a boutique space for fashion, home goods, and ice cream parlor, and even an event area.

The second floor will house the work of local artists.

The Hub will hold nearly 40 different businesses and artisans.

We want to create a destination, so people can come downtown and spend more than just ten minutes in one shop, Gosh said.

The Hub will receive grant funding from the Temple Economic Development Corporation and the City of Temple.

Charley Ayres is Vice President of the Temple Economic Development Corporation, and he says converting the building that used to sit empty will benefit the people.

"Now, we're going to have an establishment that comes into this building that will generate sales tax, that can go back into the community, Ayres said.

According to Ayres, an estimated 38,000 people go to downtown Temple every day.

Shepperd and Gosh hope this project will kick-start even more business and activity in downtown Temple.

The estimated completion date for The Hub is mid-October.

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Temple: Downtown multi-shop retail space under construction

Retail spaces are wide open and built according to company specifications so that each section of the store can serve a specific purpose. For instance, there needs to be a stock room, offices, a secure cash office and/or room with a safe, a break room, and any other areas that are necessary to the operation of the business.

If you are ready to have a retail space built, our Twin Cities commercial construction company can do the job for you. We will help you through the land acquisition process, as well as with the steps of acquiring permits. In other words, we are there for you from the very start rather than when it is time to start the building process.

We take on large and small retail construction projects. If you wish to build a large grocery store, we will make it happen. If you want to have a small clothing shop or convenience store, we can make that happen for you. Tell us about what you need from your retail space and we will make it happen.

In addition to building retail spaces, we remodel and expand existing spaces.

A retail store hardly ever stays the same. Trends change, which means the scope of the store may also have to change. When the scope changes, so do the layout and space requirements of the store. We are there to help you successfully and affordably address these changes so that your space can continue to be profitable. Retail establishments that make changes that appeal to existing and potential customers are those that continue to profit through the years. In other words, making the necessary physical changes that coincide with the evolution of your industry and business will produce a return on investment.

We can even make sure you have appealing landscaping that will attract customers.

Basically, our Twin Cities commercial construction company offers you quality solutions. Whether you are building a new establishment or you wish to transform the old, we create a project management plan that controls every aspect of the project so it runs smoothly. When a project runs smoothly, it is also more affordable for the customer when sound project management begins long before the ground is moved for the project.

Retail space construction is done quickly, but quality must not be compromised in any way. At Rutledge Construction, we create construction plans that get the job done quickly and well. We take pride in the work that we do, which is why we are there from the moment you decide you want to build, remodel, or expand your retail space. To learn more about our retail construction services, call us at 952-935-5558 to request a free estimate.

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Retail Spaces Gallery - Rutledge Construction Control