While you shouldn’t shy away from a major shopping mall construction project, it’s also important to know your limits. Don’t be afraid of shopping mall construction.Ģ) Know your construction limits. People want to know what is going on, and a shopping mall owner showing a proactive approach can also help lure new tenants. Shopping mall construction attracts curiosity and builds buzz for a shopping center. They think major retail construction turns people away from their shopping mall. Believe it or not, a lot of shopping center landlords and retail investors are afraid of a shopping mall construction project. Here are some points to consider before purchasing an underperforming shopping mall.ġ) Don’t be afraid of a big retail construction project. Many of these purchases will come with a significant retail renovation and construction component that is imperative to making your overall deal work and keeping your commercial construction budget in line. Perhaps the most important aspect in this process will be engaging a national retail commercial contractor for advice and feasibility studies. However, like all major investments, due diligence should be a major component prior to the purchase. As the economy improves and prices hit bottom, these transactions have become more realistic for commercial real estate investors when compared to past years. Dated interiors, as seen at this EC project, require significant work and reimagining.Īs we have mentioned in previous posts, opportunities abound for investing in underperforming shopping malls right now. We have built the foundations of our company along those very same future-proof principles, and with that brave, complex and exciting future in mind… and the good news is, we are just getting started.Englewood Construction is currently engaged in several mall redevelopments across the country. Our past, present and future is all about connecting people to places and to each other, in relevant, flexible and future-proof ways.
Every day, these designers shape the resilient world they want to live in, focusing every inch of design around human needs: connecting fast-growing communities, housing cultural institutions, building homes, harnessing emerging technologies, educating young people, and most importantly, cultivating knowledge. Joining Ben and Caroline are over 200 architects and designers. Fast forward 30 years and we are operating from six international offices and designing in over 30 countries. Since then, we have not stopped moving, and we have no intention of stopping. At their kitchen table, they sketched out their first designs, and the future of UNStudio. This time 30 years ago, UNStudio was just a pen, a drawing board, and an idea in two young minds: Ben van Berkel, a lecturer at TU Delft, and Caroline Bos, an art historian and architectural journalist.
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