Dive Brief: The Federal Aviation Administration will award about $1 billion from the Infrastructure Investment and Jobs Act to repair and improve terminals at 85 airports across the country, the White House announced Thursday. The FAA prioritized projects that could...
Start Prepping Now for the Next Normal in Construction
Construction is the largest global industry that accounts for 13% of global GDP. It encompasses infrastructure, industrial structures, and real estate and today many companies are adjusting their business models to embrace the next normal in construction. It is a fact...
Bricks Return With Style in New High-End Buildings
Masonry is having a moment. Perhaps it’s a symptom of glass tower fatigue, perhaps it can be attributed to a desire for a building material that has warmth and texture. Or maybe it’s the hard pull of nostalgia. Around the city, in TriBeCa, Chelsea, Brooklyn and...
Louis Vuitton Store at Somerset Collection to Unveil Expansion Friday
The Louis Vuitton store at the Somerset Collection in Troy will unveil its newly expanded space on Friday, Oct. 15, which will feature women’s and men’s ready-to-wear, watches and jewelry, and a VIP room. The new space will join added selections of women’s and men’s...
Developer Targets Second Phase of West Village Neighborhood Development
Four years after opening the first $4 million phase of The Coe, a joint venture between Detroit-based developer Woodborn Partners LLC and Detroit-based North Coast Partners LLC has its eyes on a second phase next to it. The second phase would be substantially larger...
New Research Shows Design-Build Growth Continues Despite Market Challenges
When researchers at FMI Corporation first looked at design-build utilization in 2018, the news confirmed what many in the industry knew first-hand, design-build wasn't an "alternative delivery process" anymore. New market analysis forecasting the next five years,...
Downtown Detroit Synagogue to get $4.5 Million Renovation
The synagogue with colorful windows in Detroit's Capitol Park neighborhood is expected to get a big renovation. The Isaac Agree Downtown Synagogue at 1445-1457 Griswold St. is targeted for an overhaul to every floor, including opening up the first-floor facade, a new...
Automotive ‘Country Club’ in the Works for Howell Site
A racecar-loving father-and-son business duo are moving forward with an ambitious plan to bring a multimillion-dollar automotive country club and garage development to a 270-acre site owned by the city of Howell. The project, Motorsports Gateway, calls for 67 private...
How Fashion Brand Faherty Tapped Into Resort Towns for its Retail Expansion
Fashion brand Faherty is taking its physical retail business on vacation. Prior to 2020 the company, which was founded back in 2012, had 14 stores concentrated in major cities such as Boston, San Francisco, Chicago, along with multiple New York City locations....
Lessons from Hurricane Maria’s devastation in Puerto Rico
A catastrophic event like a hurricane can be devastating for the people who live in areas prone to extreme weather. It can also be one of the most difficult challenges faced by insurers, business owners, and construction professionals tasked with rebuilding. Delays in...
‘Tenants have more flexibility’: Construction firm founder Todd Sachse on how building stores has changed
Despite the resurgence of store sales, emerging brands are still unsure of how their physical retail strategies will shake out. With economic uncertainty still looming, many brands are trying to figure out a balance between brick and mortar expansion and their growing...
Steel & Lumber Prices Raise Costs but Don’t Dent Robust Construction Pipeline
High demand and limited supply have led to dramatic increases in domestic steel and lumber prices this year, significantly increasing the cost of commercial real estate development. By early May, both steel and lumber prices had more than tripled since late last year,...
3 Retail Innovations That Can Augment Digital Experience in 2021
2020 has been a test by fire for the retail industry. It was thrown into a storm where there was an equal chance of survival as well as a fatal end. Retailers that made the right decisions, rewired their processes, and created new digital experiences were able to...
Cannabis: The New Luxury Boutique
The days of poorly lit dispensaries with dusty shelves stocked with rolling papers, tie-dyed T-shirts and patchouli incense are over. The new 21st-century cannabis boutiques are taking a page from lifestyle aspirational brands, such as RH and Tiffany & Co., with...
Retail Stores Growing As Global Cannabis Sales Are Projected To Exceed $55 Billion by 2026
PALM BEACH, Fla., May 6, 2021 /PRNewswire/ -- Retail cannabis sales in North America soared in 2020. The pandemic has virtually destroyed many businesses, big and small, over the last year, but there is a retail business that has flourished IN and BECAUSE of the...
Six Trends Driving the Architecture, Engineering and Construction Industry
In order to minimize change orders, increase efficiency, improve their return on investment and enhance the quality of their projects, infrastructure engineers and designers have turned to several new trends and technologies. Digital twins, for example, are creating...
Can’t tell the difference between Detroit’s new apartment buildings? Here’s why
For the first time in a while, Detroit is seeing a lot of new construction instead of rehabs or demolition. But in many cases, these buildings tend to look fairly similar. Whether among Corktown’s turn-of-the-century Victorian homes, nestled between the stately...
The Future of Retail – 5 Tech Trends That Will Stay Post-Pandemic
Retailers are well placed to adapt to post-pandemic, due to the accelerated period of digital transformation we’ve witnessed in the past 12 months. The Covid-19 pandemic caused significant disruption for the retail industry. Remote working drove commuters out of city...
Plante Moran Nearly Quadruples space in Southfield Town Center, One of Pandemic’s Biggest Office Deals
Kirk Pinho, Crain's Detroit Business | April 30, 2021 Plante Moran takes eight additional floors in Town Center, closes Victor Center to merge offices New space in 3000 Town Center creates 192,600-square-foot office for Southfield-based firm Deal is one of the largest...
Retail TouchPoints and design:retail Reveal the 40 Under 40 Class of 2021
Retail TouchPoints and design:retail have selected the next class of the 40 Under 40 — the top 40 professionals in the retail industry under the age of 40 who are paving the way for the next era of retail. This year, the publications expanded nominations to include...
Top Ten Retail Trends for 2021
Last year, everything we knew and took for granted changed. The pandemic has completely changed the way we live, work and do business; but by causing global disruption, it has also brought with it many innovations and trends. Suffice to say, though, the pandemic has...
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