On September 11, Continental officially completed our obligations to Mariano’s by submitting the Substantial Completion notice for a new Bannockburn, IL location. On October 10, 2017, Mariano’s officially opened for business.
The Retail Team at Continental Properties is pleased to announce the opening of the new Dick's Sporting Goods store in Waite Park, Minnesota.
The Retail Team is very pleased to announce, after a long (4+ years) road, the closing on the land for the new Mariano’s in Bannockburn, IL was completed yesterday. The Mariano’s grocery store is currently the most successful grocery store concept in Chicago and the Retail Team is excited to add to their expansion.
ICSC RECon is the largest annual trade show for retailers. It takes place every May in Las Vegas, and once again, Continental Properties was in attendance. Our team returned, as we always do, exhilarated by new opportunities and better informed about the state of retail development. The challenges for brick and mortar stores are not new. Many retailers are still struggling with how to drive traffic to their stores from e-commerce sites. Many big boxes sit empty. Very few regional malls are being planned. All of these factors, and others, contribute to downward pressure on rents. In addition, construction costs continue to rise.