Evanston Economic Development: 2013 Year-in-Review
2013 at-a-glance:
Farmhouse, 703 Church Street
Evanston had a notable and exciting year! It seemed as though every month, a new business opened, an existing business expanded or we were celebrating a major anniversary. More than 70 businesses chose call Evanston home this past year. From the new coffee shops and fitness studios to the long awaited opening of Trader Joe’s, this was an exciting year. By December, the City’s unemployment rate also dropped to 6.3%, the lowest rate all of 2013.
New Conference Center at the Heartwood Center , 1818 Dempster Street
The Mayor’s Summer Youth Employment Program also had another successful year, employing over 300 Evanston youth. This was a 46% increase from 2012.
72
New businesses opened
210
The 2013 Year-in-Review Report summarizes the highlights of commercial construction activity, new and closed businesses, and the City’s community engagement efforts.
New Full-time jobs
$30 + Million in Commercial Construction spending
Gracie’s, 1939 Central Street
Questions? Contact us! City of Evanston – Economic Development Division 2100 Ridge Ave. Rm. 3600 Evanston, IL 60201 847-488-8100 www.EvanstonEdge.com 1
New Businesses in Evanston In 2013, 72 new businesses opened and 19 businesses closed in Evanston. The second half of 2013 saw the majority of new businesses open. Those new businesses announced 210 full-time jobs that were new to Evanston.
New Business Openings by Quarter:
72
11
17
Q1 Q2
13
Q3 Q4
New Businesses opened in 2013
19
Dollop Coffee and Hoosier Mama Pie Co., 749 Chicago
Source: City of Evanston
Announced Jobs by Quarter:
56
210
Q1
96
Q2 Q3
29
Q4
Bottle & Bottega, 1016 Davis
New Full-time Jobs Announced in 2013
29 Source: City of Evanston
Vacancy Rates*
Chicago North Shore
*as percentage of total available supply
14 12 10 8 6 4 2 0 2012 Q4
Office: 4.9%
2013 Q1
Q2
Q3
Leonida’s Chocolates, 1907 Central
Evanston
Q4
14 12 10 8 6 4 2 0 2012 Q4
Industrial: 4.3%
Retail: 11.8%
2013 Q1
Q2
Source: Costar 2
Q3
Q4
14 12 10 8 6 4 2 0 2012 Q4
2013 Q1
Q2
Q3
Q4
Construction Activity in Evanston Top Five 2013 Building Permits Business
Picture: Walgreens Construction, 635 Chicago Ave
Type
Permit Value
Walgreens
635 Chicago
Retail
$6,300,000
Trader Joe’s
1211 Chicago
Retail
$2,308,804
Erie Family Health Center
1285 Hartrey
Health
$2,400,000
Evanston Hospital
2650 Ridge
Health
$1,400,000
Davita Dialysis
1922 Dempster
Health
$1,091,499
Source: City of Evanston
Evanston logged more than $30 million worth of commercial building activity in 2013. This ranged from new construction to rehabilitation of existing commercial spaces. We saw the completion of several major developments in 2013. We welcomed two major developments along the Chicago Avenue corridor -- a Trader Joe’s (1211 Chicago Avenue) and the nation’s first net-zero energy Walgreens (635 Chicago Avenue). Erie Family Health Center opened in a permanent location at 1285 Hartrey and will serve residents of Evanston and adjacent communities.
Address
Picture: Trader Joe’s, 1211 Chicago Ave Courtesy of Evanston Now
$188 Million In construction activity at Northwestern University
Picture: Bienen School of Music Construction, 711 Elgin
There was also significant construction activity at Northwestern University in 2013. Several new buildings, including the Bienen School of Music (pictured above), and continued work on the Visitor’s Center, Sailing Center and several other projects have brought over $188 million worth of construction value to the Evanston campus.
3
Community Engagement
500
322
Facebook Friends
Twitter Followers
!
250 Business Visits
?
162 Business Inquiries in 2013
Top Stories on Social Media • “Peckish Pig Coming Soon” 10/29/2013 “SwipeSense Finishes 2nd in Startup • Competition” 11/29/2013 • “Smiley Brothers Brewery Anticipates Spring Opening” 10/10/2013 “Trader Joe’s Holds Grand Opening” 09/04/2013
• • • •
“Evanston Ranks #8 on Best-Dressed Small Cities in America” 09/25/2013 “Found wins everything” 12/16/2013 “Susan Treischmann Named 2013 Woman of Worth” 11/05/2013
New Businesses Tomate Fresh Kitchen 914 Noyes (left) Trader Joe’s 1211 Chicago (right)
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2013 Unemployment Rates 12
Evanston
Illinois
USA
10 7.4%
8.4%
7.7% 6.9%
8
6.8%
8.1%
7.7%
7.3%
7.0%
7.0%
6.5%
6.3%
6 4 2 0 Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Source: Illinois Department of Employment Security. Please note that employment rates are not seasonally adjusted. 4
Sept
Oct
Nov
Dec
4Q2013
4th Quarter Economic Report October - December 2013
Investment Private Commercial Development Activity
17
New Businesses
23% 45% 30%
96
2%
Announced Full Time Jobs
87
Commercial Building Permits
$6.4 Million
Commercial Construction Investment
Food Service Office Retail Health Care
Top 10 Commercial Projects by Q4 Spending Business
Address
Type
Smylie Bros. Brewery
1615 Oak
Food Service
$1,628,873
Evanston Hospital
2650 Ridge
Health
$1,400,000
Presbyterian Homes
3200 Grant
Health
$360,000
Food 4 Less
2400 Main
Retail
$350,000
NorthShore U. HealthSystem
2450 Main
Retail
$510,230
Extended Care Clinical LLC
2201 Main
Food Service
$335,000
Walgreens
635 Chicago
Retail
$110,000
CVS Pharmacy
3333 Central
Retail
$179,514
Dollop & Hoosier Mama
749 Chicago
Food Service
$150,000
Starbucks
519 Main
Food Service
$107,739
Orange Theory Fitness
2800 Central
Fitness
$101,975
Youth Job Center
1114 Church
Office
Total
Online Connectivity
Est. Q3 Work Value
$88,600
$5,593,812
Source: City of Evanston Government * denotes a project that spanned multiple quarters
Labor Force
Social Media
Unemployment Rate
Facebook “Likes�
October
414
November
424
December
442
Follow us on Twitter: https://twitter.com/EvanstonEdge
Contact us City of Evanston Economic Development
Source: City of Evanston Government Source: Illinois Department of Employment Security *September data will be released on 10/26/13
2100 Ridge Avenue Suite 3600 Evanston, IL 60201
Illinois
Evanston
(847) 448-8100 info@evanstonedge.com
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Labor Force
Employed
October
41,643
38,741
November
41,675
38,944
December
41,448
38,826
4th Quarter Economic Report
Business
4Q2013
New Businesses Business
Type
Address
La Macchina Cafe
Restaurant
1620 Orrington
15
-
Tomate Fresh Kitchen
Restaurant
914-1/2 Noyes
2
-
Announced Jobs
Full Time
Part Time
Bottle & Bottega
Retail
1016 Davis
2
-
Kier of Home
Retail
1501 Chicago
1
-
Leonida’s Chocolates
Restaurant
1907 Central
3
-
DaVita Dialysis
Medical
1922 Dempster
9
-
OfficeMax
Retail
1612 Sherman
11
21
Spotless Self-Serve Dog Wash
Retail
1121 Emerson
2
-
Oska Company Store
Retail
1590 Sherman
3
-
Naf Naf Grill
Restaurant
1629 Orrington
6
-
Pentwater Capital Management
Office
614 Davis
28
-
Dollop/Hoosier Mama
Restaurant
749 Chicago
3
-
Oliver’s Trains & Toys
Retail
710 Main
1
-
Orange Theory Fitness
Fitness
2800 Central
5
-
US Solar Network
Retail
1234 Sherman
2
-
Stumble & Relish
Retail
1310-A Chicago
2
-
Minouchic Boutique
Retail
1900-B Asbury
1
-
96
21
Total
4th Quarter 2013 Highlights
17 Newly Opened
13
72
Business Inquiries
Opened YTD
Source: City of Evanston Government Source: CoStar
62
Existing Business Visits
Vacancy Rates Evanston
Downtown Chicago Market - Including The Loop, River East, River North, Gold Coast, Old Town, Streeterville, South Loop, West Loop
Retail 4.7%
Office 11.8%
6
Near North Suburban Market - Including Evanston, Glenview, Lincolnwood, Morton Grove, Niles, Skokie, Wilmette
Industrial 4.3%
3Q2013
3rd Quarter Economic Report July - August - September 2013
Investment Private Commercial Development Activity 2%
19
25%
43%
New Businesses 30%
29
Announced Full Time Jobs
62
Commercial Building Permits
$8.3 Million
Commercial Construction Investment
Top 10 Commercial Projects by Q3 Spending
Food Service Office Retail
Business
Address
Erie Family Health Ctr.
1285 Hartrey
Health
$2,400,000
NorthShore Retirement
1611 Chicago
Food/health
$1,837,122
OfficeMax
1612 Sherman
Retail
$815,000
Grumman Butkus & Assoc.
820 Davis
Office
$650,000
Sam’s Club
2450 Main
Retail
$510,230
Peckish Pig
623 Howard
Food Service
$335,000
Parkes Hall - NU
1820 Sheridan
Office
$292,100
CVS Pharmacy
3333 Central
Retail
$179,514
Dollop & Hoosier Mama
749 Chicago
Food Service
$150,000
Walgreens
635 Chicago
Retail
$125,500
Estimated Q3 Work Value
Total
$7,294,466 Source: City of Evanston Government * denotes a project that spanned multiple quarters
Health Care
Online Connectivity
Labor Force
Social Media
Unemployment Rate 10
“Likes”
“Followers”
July
354
582
August
367
622
September
370
629
Follow us on Twitter: https://twitter.com/EvanstonEdge
8
9.8% 6
8.7%
4
Contact us City of Evanston Economic Development
Type
7.3%
6.8%
Source: City of Evanston Government Source: Illinois Department of Employment Security *September data will be released on 10/26/13
2100 Ridge Avenue Suite 3600 Evanston, IL 60201
2
0 Jul
(847) 448-8100 info@evanstonedge.com
Aug
Evanston
Sept
Illinois
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Labor Force July
42,364
38,939
August
42,059
38,802
-
-
September 7
Employed
3rd Quarter Economic Report
Business
3Q2013
New Businesses Business
Type
Lighthouse Yoga & Acupuncture
Fitness
Address
Announced Jobs
Full Time
Part Time
1234 Sherman Ave.
3
8
Francesca’s Collections (new location)
Retail
1631 Sherman Ave.
1
5
Food 4 Less Fuel Center
Gas
2420 Main St.
-
6
Second Time Around
Retail (resale)
900 Church St.
1
4
Regus
Office
1603 Orrington Ave.
2
-
Envy
Retail
522 Davis St.
1
5
Heartwood Center / Skylight (expansion)
Wellness & Event space
1818 Dempster St.
2
-
Mill Creek Miniatures
Retail
1127 Florence Ave.
1
-
Cameo Nail & Spa
Salon
2928 Central St.
1
-
Forever Yogurt
Restaurant
1739 Sherman Ave.
2
7
Temperance Beer Company
Brewery
2000 Dempster St.
2
-
Sam’s Auto Repair
Automotive
2311 Main St.
1
-
Pepperpot
Restaurant
1623 Simpson St.
2
3
Pure Barre Evanston
Fitness
920 Davis St.
1
6
Blue Pearl Stone
Retail
517 Dempster St.
1
-
Trader Joe’s
Grocery
1211 Chicago Ave.
1
40
Dragonfly Collections, Inc.
Retail
1309 Chicago Ave.
1
-
Kazoom
Retail (resale)
1940 Dempster St.
3
1
Not Fade Away
Retail furniture (resale)
1104 Davis St.
3
-
29
85
Total
3rd Quarter 2013 Highlights
19 Newly Opened
Source: City of Evanston Government
36
52
42
Business Inquiries
Opened YTD
Existing Business Visits
Source: CoStar
Vacancy Rates Evanston
14
Downtown Chicago Market - Including The Loop, River East, River North, Gold Coast, Old Town, Streeterville, South Loop, West Loop
Retail 7.4%
12
Office 8.6%
Near North Suburban Market - Including Evanston, Glenview, Lincolnwood, Morton Grove, Niles, Skokie, Wilmette
Industrial 9.9%
14
14
12
12
10
10
10
8
8
8
6
6
6
4
4
4
2
2
2
0
0 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3
2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3
8
0 2012 Q3
2012 Q4
2013 Q1
2013 Q2
2013 Q3
2Q2013
2nd Quarter Economic Report April - May - June 2013
Investment Private Commercial Development Activity
13
New Businesses
Business
26.8% 26.8%
29 85
$6.2 Million
Commercial Construction Investment
26.8% 26.8%
Announced Full Time Jobs
Commercial Building Permits
Top 10 Commercial Projects by Q2 Spending
Health Care Office
Type
Estimated Q2 Work Value
DaVita Dialysis Center
1922 Dempster
Health
$1,091,499
Three Crowns Park
2323 McDaniel
Health
$843,000
Regus
1603 Orrington
Office
$725,000
Trader Joe’s*
1211 Chicago
Retail
$700,000
NU Delta Tau Delta
2317 Sheridan
Foodservice
$347,300
Music Inst. of Chicago
1702 Sherman
Office
$300,000
Food for Less Fuel Ctr.
2420 Main
Retail
$300,000
NorthShore U. Health
2650 Ridge
Health
$250,000
US Veterans’ Center
1901 Howard
Office
$220,000
Healogics Wound Care*
355 Ridge
Health
$165,000
Total
Retail
$4,941,799 Source: City of Evanston Government * denotes a project that spanned multiple quarters
Food Service
Online Connectivity
Labor Force
Social Media
Unemployment Rate 10
“Likes”
“Followers”
April
285
548
May
314
555
326
573
June
Follow us on Twitter: https://twitter.com/EvanstonEdge
Contact us City of Evanston Economic Development
Address
8
6
4
Source: City of Evanston Government Source: Illinois Department of Employment Security 2
2100 Ridge Avenue Suite 3600 Evanston, IL 60201
6.8%
0
(847) 448-8100 info@evanstonedge.com
8.7%
9.8% 7.3%
April
9.8% 8.4%
May
Evanston
June
Illinois
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Labor Force
Employed
April
41,014
38,208
May
41,666
38,238
June
42,435
38,883
2nd Quarter Economic Report
Business
2Q2013
New Businesses Business
Type
Address
Announced Jobs Full Time
Healogics
Medical
355 Ridge Avenue
3
Big Twist
Restaurant
1805 Howard Street
3
Est. Capital Investment
Part Time
$250,500 4
$3,729
Ad Hoc Home
Furniture
1937 Central Street
2
Box! Evanston
Fitness
739 Main Street
2
3
$100
$500
Meez Meals (relocation & expansion)
Food Service
1459 Elmwood Avenue
4
16
$48,000
Imprint Movement Studios
Fitness
826 Noyes Street
4
$200
Starbucks (relocation & expansion)
Restaurant
1734 Sherman Avenue
2
18
$363,295
Master Wireless Team
Retail
1125 Howard Street
1
1
$50
Paramour Bungalow
Retail
812 Dempster Street
1
3
$1,000
Bordeaux Studio
Photography
1703 Darrow Avenue
2
CloseKnit (relocation)
Specialty Retail
1630 Orrington Avenue
Hewn Bakery
Restaurant - bakery
810 Dempster Street
8
$5,000
Ted Glasoe Fine Art
Photography
600 Davis Street
1
--
-5
Total
29
$600
54
$674,974
2nd Quarter 2013 Highlights
13
24
Newly Opened
26
Opened YTD
43
Existing Business Visits
Business Inquiries
Source: City of Evanston Government Source: CoStar
Vacancy Rates Evanston
Downtown Chicago Market - Including The Loop, River East, River North, Gold Coast, Old Town, Streeterville, South Loop, West Loop
Retail 7.6%
Office 9.5%
Near North Suburban Market - Including Evanston, Glenview, Lincolnwood, Morton Grove, Niles, Skokie, Wilmette
Industrial 9.9%
16
16
14
14
14
12
12
12
10
10
10
8
8
6
6
4
4
4
2
2
2
0
0 2012 Q2
2012 Q3
2012 Q4
2013 Q1
2013 Q2
8 6
0 2012 Q2
2012 Q3
2012 Q4
10
2013 Q1
2013 Q2
2012 Q2
2012 Q3
2012 Q4
2013 Q1
2013 Q2
1Q2013
1st Quarter Economic Report January - February - March 2013
Investment Private Commercial Development Activity
11
2.8%
Top 10 Commercial Projects by Value
6.7% 5.0%
New Businesses
57
85.5%
Announced Full Time Jobs
84
Commercial Building Permits
$10.7 Million
Commercial Construction Investment
Health Care Office
Business
Address
Type
Walgreens
635 Chicago
Retail
$6,300,000
Trader Joe's
1211 Chicago
Retail
$2,308,804
Starbucks
1734 Sherman
Food Service/Retail
$363,295
Heartwood Center
1818 Dempster
Health
$300,000
Temperance Beer Co.
2000 Dempster
Food Service
$281,677
Farmhouse Restaurant
703 Church
Food Service
$175,000
Traisman Pediatric
1950 Dempster
Health/Retail
$155,000
Leapfrog
805 Greenwood
Office
$100,000
1285 Hartrey Ave
1285 Hartrey
Health
$100,000
Acquirent
500 Davis
Office
$100,000
Total
Retail
$10,183,776 Source: City of Evanston Government
Food Service
Online Connectivity
Labor Force
Social Media
Unemployment Rate
“Likes”
“Followers”
January
226
449
February
248
523
March
268
543
Follow us on Twitter
10 8 6 4
Contact us City of Evanston Economic Development
Estimated Work Value
Source: City of Evanston Government
2
Source: Illinois Department of Commerce & Economic Opportunity
2100 Ridge Avenue Suite 3600 Evanston, IL 60201
0
7.4% 10.1%
7.7% 9.5%
January
February
(847) 448-8100 info@evanstonedge.com
Evanston
6.9% 9.4% March
Illinois
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Labor Force
Employed
January
41,335
38,288
February
41,427
38,238
March
40,989
38,164
1st Quarter Economic Report
Business
1Q2013
New Businesses Business
Type
Address
Announced Jobs Full Time
Part Time
Private Investment
World of Beer
Restaurant
1601 Sherman Avenue
15
20
$379,300
Chicago's Home of Chicken & Waffles
Restaurant
2424 Dempster Street
3
47
$432,827
Subway
Restaurant
845 Dodge Avenue
2
1
$461
Lotto Food Mart
Covenience Store
828 Davis Street
1
$809
The Fitness Matrix
Fitness
2409 Main Street
1
$332
Ausrine's Art Room of Evanston
Gallery
1123 Florence Street
1
$321
Center for Independent Futures
Wellness
1015 Davis Street
13
Wheel & Sprocket
Retail
1027 Davis Street
7
$7,030
Solay Wellness
Wellness Retail
1613 Sherman Avenue
2
$275
Burtch Works, LLC
Employment Services
1560 Sherman Avenue
12
Giant Screen Films
Film Production
990 Grove Street
16
$24,000
2
$170,273 $240
Total
$1,015,868
1st Quarter 2013 Highlights
11 50 47 52 Newly Opened
Business Inquiries
Existing Retailers Contacted Business Visits
Source: City of Evanston Government Source: CoStar
Vacancy Rates Evanston
Downtown Chicago Market - Including The Loop, River East, River North, Gold Coast, Old Town, Streeterville, South Loop, West Loop
Commercial 6.7%
Office 9.8%
Near North Suburban Market - Including Evanston, Glenview, Lincolnwood, Morton Grove, Niles, Skokie, Wilmette
Industrial 10.0%
14
14
14
10
10
10
6
6
6
2
2
2
2012 Q1
2012 Q2
2012 2012 Q3 Q4
2013 Q1
2012 Q1
2012 Q2
2012 2012 Q3 Q4
12
2013 Q1
2012 Q1
2012 Q2
2012 2012 Q3 Q4
2013 Q1