Building Big News, One Small Story at a Time
Written by John Zoerner and Patty Mahony, Vice Presidents of Development and Construction Services
There’s a big story to be discovered, but you have to look at the small stories to find it. Start with the small projects. Lots of them. Buildout after buildout. More than we’ve done since the early 2000s. Small shop users, quick serve restaurants, cell phone retailers, specialized workout facilities and more.
Then look at the mid-boxes. Discount retailers have been expanding like never before, and we’ve built more of them in the last two years than we have in all of the previous six years combined.
Then look at the redevelopment work. We are redeveloping suburban properties, outlying urban properties and even high-profile downtown properties. Deerbrook Mall will be reconfigured with new retailers; Ford City Mall will add exciting new retailers in new buildings and a full interior remodel; a soon-to-be named downtown property will undergo an exciting redevelopment.
Rendering of Deerbrook Mall located in Deerfield, Illinois
Rendering of Ford City Mall located in Chicago
Rendering of outlots at Ford City Mall located in Chicago
New construction is at its highest level in seven years, and while most of what is underway today is in multi-family residential, education and health care, as long as we keep picking away at the small vacancies, we will find ourselves needing to do new development work very soon.
John Zoerner |
Vice President, Development and Construction Services
Mid-America Asset Management, Inc.
One Parkview Plaza, 9
th Floor | Oakbrook Terrace, IL 60181
Direct: 630.954.7328 | Fax: 630.954.7306
jzoerner@midamericagrp.com |
www.midamericagrp.com
Patricia E. Mahony | Vice President, Development and Construction Services
Mid-America Asset Management, Inc.
One Parkview Plaza, 9
th Floor | Oakbrook Terrace, IL 60181
Direct: 630.954.7326 | Fax: 630.954.7306
pmahony@midamericagrp.com |
www.midamericagrp.com