Retail rentals and occupancy are finally on the rise after a long stretch in the doldrums, according to Jones Lang LaSalle Retail Group (www.BDCnetwork.com/JLLRetail). Progress is slow, and glamorous projects are still few and far between, at least in North America. But some prestige work has recently been done, such as the 100,000-sf CUBES development—created by Shawmut and Equity Office Properties to bring needed retail space to an underserved section of Manhattan.
Katie Sprague, Senior Vice President in the Los Angeles office of RTKL, pinpoints vertical shopping developments, open-air retail zones, “slow-food” dining, interactive retail, and development in emerging markets as worldwide trends (http://bit.ly/13j8L9B). In particular, merchants are adding convenience features, including scan-it-yourself technologies, touch-screen kiosks, and hand-held checkout devices for store staff.
MJ Munsell, IIDA, Principal and Retail Market Design Leader at MulvannyG2, says consumers’ use of apps such as Pinterest is shaping ideas about personal branding; perhaps dressing room lighting, color schemes, and sound will become customizable at the touch of a screen.
TOP RETAIL ARCHITECTURE FIRMS
Company 2012 Retail Revenue ($)1 Callison $99,528,7412 Stantec $89,657,8783 Gensler $88,360,0004 MulvannyG2 Architecture $70,792,7505 RTKL Associates $61,225,0006 RSP Architects $39,327,0007 WD Partners $37,000,0008 MBH Architects $34,095,0009 Perkowitz+Ruth Architects $23,729,54710 Little $20,411,914
TOP RETAIL ENGINEERING FIRMS
Company 2012 Retail Revenue ($)1 Jacobs Engineering Group $146,400,0002 AECOM Technology Corp. $118,220,0003 Henderson Engineers $44,677,2994 URS Corp. $41,152,2405 Parsons Brinckerhoff $19,100,0006 Wiss, Janney, Elstner Associates $17,310,0007 Bergmann Associates $13,000,0008 Wallace Engineering $9,250,0009 Buro Happold Consulting Engineers $7,176,00010 Arup $6,574,122
TOP RETAIL CONSTRUCTION FIRMS
Company 2012 Retail Revenue ($)1 Shawmut Design and Construction $314,900,0002 Whiting-Turner Contracting Co., The $307,373,1823 PCL Construction Enterprises $216,819,4944 Lend Lease $214,921,0005 Turner Corporation, The $201,890,0006 EMJ $200,300,0007 Power Construction $116,000,0008 Weitz Co., The $115,314,2169 Structure Tone $105,052,00010 Ryan Companies US $103,001,644
Figuring out how to deal with competition from online stores is a pressing concern for traditional retailers and the AEC firms that serve them. “We’re going to see a big rethinking of how retailers do their distribution,” predicts Omid Nabipoor, President of Interface Engineering. “Amazon has announced that they’re going to do more food and grocery distribution, and has a lot of grocers considering how they’re going to compete with that. How will they deal with distribution? How will they deliver in a day, as Amazon is promising?” Retail facility upgrades may be one response; development of new models for distribution centers may be another.
Some retailers are creating space for entertainment or classes to make the store a more compelling destination—always a popular tactic in home centers but now increasingly common in grocery, sporting goods, and tech stores. Chain restaurants represent another bright spot in the sector, with pent-up demand attributable to prior expansion delays, according to Thomas Goemaat, President/CEO of Shawmut. “Based on our backlog, we expect this trend to continue for the foreseeable future,” he says.
Read full 2013 Giants 300 Report
Related Stories
Multifamily Housing | Apr 20, 2022
A Frankfurt tower gives residents greenery-framed views
In Frankfurt, Germany, the 27-floor EDEN tower boasts an exterior “living wall system”: 186,000 plants that cover about 20 percent of the building’s facade.
AEC Tech | Apr 19, 2022
VDC maturity and the key to driving better, more predictable outcomes
While more stakeholders across the AEC value chain embrace the concept of virtual design and construction, what is driving the vastly different results that organizations achieve? The answer lies within an assessment of VDC maturity.
Healthcare Facilities | Apr 19, 2022
6 trends to watch in healthcare design
As the healthcare landscape continues to evolve, IMEG’s healthcare leaders from across the country are seeing several emerging trends that are poised to have wide-ranging impacts on facility design and construction. Following are six of the trends and strategies they expect to become more commonplace in 2022 and the years to come.
Energy-Efficient Design | Apr 19, 2022
A prefab second skin can make old apartments net zero
A German startup is offering a new way for old buildings to potentially reach net-zero status: adding a prefabricated second skin.
Concrete Technology | Apr 19, 2022
SGH’s Applied Science & Research Center achieves ISO 17025 accreditation for concrete testing procedures
Simpson Gumpertz & Heger’s (SGH) Applied Science & Research Center recently received ISO/IEC17025 accreditation from the American Association for Laboratory Accreditation (A2LA) for several concrete testing methods.
Senior Living Design | Apr 19, 2022
Affordable housing for L.A. veterans and low-income seniors built on former parking lot site
The Howard and Irene Levine Senior Community, designed by KFA Architecture for Mercy Housing of California, provides badly needed housing for Los Angeles veterans and low-income seniors
Sponsored | BD+C University Course | Apr 19, 2022
Multi-story building systems and selection criteria
This course outlines the attributes, functions, benefits, limits, and acoustic qualities of composite deck slabs. It reviews the three primary types of composite systems that represent the full range of long-span composite floor systems and examines the criteria for their selection, design, and engineering.
Building Team | Apr 18, 2022
Shive-Hattery Acquires WSM Architects
Shive-Hattery announces that it has acquired WSM Architects, Inc., a 13-person architecture firm in Tucson, Arizona.
University Buildings | Apr 18, 2022
SmithGroup to design new Univ. of Colorado Denver engineering, design, computing building
The University of Colorado Denver selected SmithGroup to design a new engineering, design, and computing building that will serve as anchor of new downtown innovation district.
Building Team | Apr 15, 2022
Frank Gehry to design his largest building yet for his hometown of Toronto
Famed architect Frank Gehry will design his largest building to date for his hometown of Toronto, Canada.
