We’re entering the ultimate stretch of 2013, annually that’s been rather great for the commercial construction company industry. Activity was up for retail and restaurant construction and when-stalled commercial construction projects have found themselves back on 2014 bid sheets to find the best commercial general companies.
At Englewood Construction, i was fortunate to create on several new employees to handle the elevated 2013 commercial construction activity and we’re presently preparing to possess a very active general construction putting in a bid cycle to shut the year. This season, I figured I’d check out our extended, active bid sheet for making 2014 commercial construction industry trends and predictions in next season.
Big has returned
Small-scale projects and commercial construction renovation jobs have sustained the recently, but because the economy is constantly on the improve, we’re beginning to determine some large, ground-up new commercial construction projects which were sidelined come into the fray.
This commercial construction activity isn’t being spearheaded through the usual suspects of history, for example new retail power centers and so on, but instead, large, impressive mixed-use new construction projects which have a great deal of retail.
Within our own backyard, numerous Chicago mixed-use construction company projects is going to be rising the coming year. The lengthy-anticipated project in the former Children’s Memorial Hospital site in Chicago’s Lincoln subsequently Park neighborhood is placed to interrupt ground within the summer time. This new mixed-use construction project includes multifamily and 161,000 square ft of retail. And in Chicago, the brand new City Development at Halstead Street and Clybourn Avenue will get started with 366,954 square ft of retail. The previous Crimson Hotel site in Lincolnwood, Ill. is presently being repositioned as “The Shoppes at Lincoln subsequently Pointe,” a $130 million mixed-use project. In Glenview, Ill., construction has started around the $$ 30 million, 102,876-square-feet Glen Gate retail and restaurant project. A 450,000-square-feet outlet mall in Country Club Hillsides which was sidelined through the downturn in the economy is breaking ground the coming year. As well as in the Milwaukee area, the 270,000-square-feet Mayfair Collection, a retail project, has damaged ground in Wauwatosa, Wis.