“We’re seeing a slowdown in our order intake in the construction sector, and those customers are typically the fastest to react,” said Rob Van Gils, CEO of Hammerer Aluminum Industries.
The next few years are set to see a significant ramp-up in new outlet center construction. But outlet center tenant mix is changing to reflect a new focus on experiences.
The Grand LA will include a 28-floor Conrad hotel and a 45-story apartment tower that will open this summer. The retail section will debut in 2023.
The firm said last week that it plans to partner with developer Sterling Bay to build an office tower on Brickell Bay, which spans less than a mile in the city’s business district.