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
| Feb 28, 2012
Waste Management awards companies for sustainable construction
This recognition, highlighting sustainable performances within the construction industry, looks to celebrate the builders who achieved important sustainability milestones in 2011, as determined by Waste Management’s online Diversion and Recycling Tracking Tool.
| Feb 28, 2012
Salem State University Library & Learning Commons topped off
When it opens to students in the fall of 2013, the $60 million facility will offer new archival space; circulation and reference areas; collections; reading spaces; study rooms; instruction labs and a Dean’s suite.
| Feb 28, 2012
More than 1,000 have earned EDAC certification since 2009
Milestone achieved as evidence-based design becomes a top 2012 strategy for healthcare organizations.
| Feb 28, 2012
McCarthy completes second phase of San Diego’s Scripps Hospital
Representing the second phase of a four-phased, $41.3 million expansion and remodeling project, the new addition doubles the size of the existing emergency department and trauma center to encompass a combined 27,000 square feet of space.
| Feb 28, 2012
LUMEnergi names Weinbaum president and CEO
Weinbaum’s experience spans communications, nanotechnology, electronics components, consumer products, semiconductors, software, wireless and lighting.
| Feb 28, 2012
Griffin Electric completes Medical University of South Carolina project
The 210,000-sf complex is comprised of two buildings, and houses research, teaching and office areas, plus conference spaces for the University.
| Feb 27, 2012
Consigli complete first building for Bigelow Ocean Sciences Campus
Designed by WBRC Architects Engineers in association with Perkins + Will.
| Feb 27, 2012
Hollister completes fit-out of 41,500-sf office space in Princeton, N.J.
Intricate interior project involved construction of more than 80 offices.
| Feb 27, 2012
Research Institute at Texas Children’s Hospital building receives LEED Gold
Innovative and sustainable design reflects best environmental building practices.