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A proper pre-construction analysis can help developers avoid the "build it and they will come" approach, which can end disastrously as this property in Crest Hill illustrates.
I get asked a lot about commercial construction trends. With the way the commercial real estate market has been the last several years, people are looking to commercial construction experts for the best construction tips on how to proceed with a successful new retail development. Recently someone asked me: ?What is the best retail center to build today??
If only there was one answer to that question. In today?s market, this has to be approached on a case-by-case basis. A new retail development that may work for one market might not transfer to another.
It doesn?t matter what kind of new shopping center construction you desire?whether it is a Power Center, a Lifestyle Center, or a strip mall in a high-traffic infill location?nothing will be built unless the numbers make sense for the commercial construction budget.
This is different than the heyday approach of ?build it and they will come.? It?s no longer possible to assume what retail tenants and consumers might like and to undertake a new retail speculative development. Too many retail developers got caught without a chair when the music stopped in that scenario.
Today, it takes careful planning, cooperative partnerships, and the right market data to bring a new retail construction project to fruition. That is why a general contractor?s pre-construction services have become more important than ever.
The best national commercial construction firms can provide developers with the proper cost analysis of a potential development, based on area historical data. At Englewood, we have data points that go back for decades on commercial construction costs and leasing rates for areas across the country. Each municipality brings its own costs, and different market cycles bring different lease rates. A developer should always know the history of a construction site before they decide to do business there.
Construction budgets can make or break a deal. Recently, we were performing a pre-construction analysis for a retail client on a Chicago-area property. Our data report helped the developer determine the lease rate that could be achieved on a retrofitted commercial space. Armed with our data, the client was able to secure Buy Buy Baby as a tenant and the deal worked out financially.
Of course, sometimes pre-construction services can work against you. Even in situations where the stars seemed to be aligning?a property is available, a tenant is secure, and financing is achievable?the numbers can quell the deal.
We used to represent Advanced Auto Parts and a commercial developer asked us to quote new retail construction for the auto franchise at a shopping center development. Advanced Auto Parts was excited about the location and the developer wanted the tenant. Unfortunately, when we delivered the cost analysis, the developer said that he couldn?t make the deal work.
Don?t get me wrong, we always want to see the deal get done, but we would never compromise the numbers or skimp on quality just to get the job. That would be doing a disservice to our clients and our good name. Being honest with clients when estimating construction costs doesn?t tarnish a relationship, it strengthens it. There could always be projects down the line that make better sense for all parties.
So keep in mind, the best general contractors may not always give you the numbers you want to hear, but they are the numbers you need to hear to make sure you are building the best retail development in the best location.
www.englewoodconstruction.com
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(EMAILWIRE.COM, June 21, 2012 ) New York, NY ? DadDoes.Com is a product review site that specializes in finding products that can make a Mom or Dad?s life a little easier, better or more fun in some way. Over the past few years, Dad Does has focused on reviewing toys, books, gadgets and other items that parents tend to use. The one area that Dad Does has avoided is nutritional supplements or health supplements.
?The whole world of natural weight loss supplements and dietary supplements in general is so filled with scams and half-truths, we really were scared to cover it. We then realized that is exactly the type of product we need to cover. To help parents make informed decisions about health supplements, we have decided to form the Dad Does Nutrition section? states Dan Nessel of DadDoes.Com .
Today Dad Does launched their Review Spotlight on African Mango. Online reviews of African Mango (IGOB131) claim that it can help people lose weight without a change to diet or exercise. Numerous sites also make claims that Dr. Oz called African Mango a miracle and the reader is lead to believe that Dr Oz endorses certain brands of African Mango.
In truth, while Dr. Oz did have positive things to say about African Mango, he never recommended any specific type of African Mango extract. In fact, Dr Oz has been forced to take legal action against companies that are implying that he endorsed their specific supplement.
The goal of the Dad Does Spotlight on African Mango is simply to give users a basic understanding about the science and research that is published on African Mango. By providing basic information on African Mango, users will be able to go online or walk into a store and ask the right question to find the Perfect African Mango supplement.
Dad Does sees their nutrition reviews as a starting point for Moms and Dads looking for solid, reliable, general information about health supplements. By providing general information about health ingredients and the pros and cons of using them, parents will be able to ask the right questions when they are shopping for supplements.
Nessel concludes, ?Reviewing supplements is a very tricky proposition. Every person is different and has different needs and issues. It would be irresponsible for us to try to give specific recommendations to people. Instead, we are trying to provide facts, research and knowledge about health supplements so that our readers can go out and make smart decisions when shopping for supplements.?
Click For The Review of African Mango and IGOB131 from DadDoes.Com
Dad Does is the place where Dads Do Things and Review Things. Founded in September, 2010, by Dan Nessel, DadDoes.Com has already become a destination site for Dads and Moms looking for brutally honest, informative and real product reviews and toy reviews. DadDoes.Com believes that parents care about more than just bottles and strollers? they don?t stop eating, drinking and playing just because they become parents. Dads and Moms do see things through a different lens and DadDoes.Com looks to provide information on everything, through that parent lens.
Dan Nessel (646) ? 827 ? 9222 : EmailWire.Com
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For most business, business lead generation is some sort of staple, a staple that they?ll need so that you can continue. There are many effective lead producing methods a business can use. As more leads are generated, the business could possibly get pleasure from a huge marginal profit from the sales the leads could generate.
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