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
| Nov 2, 2010
Wind Power, Windy City-style
Building-integrated wind turbines lend a futuristic look to a parking structure in Chicago’s trendy River North neighborhood. Only time will tell how much power the wind devices will generate.
| Nov 2, 2010
Energy Analysis No Longer a Luxury
Back in the halcyon days of 2006, energy analysis of building design and performance was a luxury. Sure, many forward-thinking AEC firms ran their designs through services such as Autodesk’s Green Building Studio and IES’s Virtual Environment, and some facility managers used Honeywell’s Energy Manager and other monitoring software. Today, however, knowing exactly how much energy your building will produce and use is survival of the fittest as energy costs and green design requirements demand precision.
| Nov 2, 2010
Yudelson: ‘If It Doesn’t Perform, It Can’t Be Green’
Jerry Yudelson, prolific author and veteran green building expert, challenges Building Teams to think big when it comes to controlling energy use and reducing carbon emissions in buildings.
| Nov 2, 2010
Historic changes to commercial building energy codes drive energy efficiency, emissions reductions
Revisions to the commercial section of the 2012 International Energy Conservation Code (IECC) represent the largest single-step efficiency increase in the history of the national, model energy. The changes mean that new and renovated buildings constructed in jurisdictions that follow the 2012 IECC will use 30% less energy than those built to current standards.
| Nov 1, 2010
Sustainable, mixed-income housing to revitalize community
The $41 million Arlington Grove mixed-use development in St. Louis is viewed as a major step in revitalizing the community. Developed by McCormack Baron Salazar with KAI Design & Build (architect, MEP, GC), the project will add 112 new and renovated mixed-income rental units (market rate, low-income, and public housing) totaling 162,000 sf, plus 5,000 sf of commercial/retail space.
| Nov 1, 2010
John Pearce: First thing I tell designers: Do your homework!
John Pearce, FAIA, University Architect at Duke University, Durham, N.C., tells BD+C’s Robert Cassidy about the school’s construction plans and sustainability efforts, how to land work at Duke, and why he’s proceeding with caution when it comes to BIM.
| Nov 1, 2010
Vancouver’s former Olympic Village shoots for Gold
The first tenants of the Millennium Water development in Vancouver, B.C., were Olympic athletes competing in the 2010 Winter Games. Now the former Olympic Village, located on a 17-acre brownfield site, is being transformed into a residential neighborhood targeting LEED ND Gold. The buildings are expected to consume 30-70% less energy than comparable structures.
| Oct 27, 2010
Grid-neutral education complex to serve students, community
MVE Institutional designed the Downtown Educational Complex in Oakland, Calif., to serve as an educational facility, community center, and grid-neutral green building. The 123,000-sf complex, now under construction on a 5.5-acre site in the city’s Lake Merritt neighborhood, will be built in two phases, the first expected to be completed in spring 2012 and the second in fall 2014.
| Oct 21, 2010
GSA confirms new LEED Gold requirement
The General Services Administration has increased its sustainability requirements and now mandates LEED Gold for its projects.