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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)

Visit EvanstonEdge.com, Like us on Facebook and follow us on Twitter for the most up-to-date information on events, specials, and other cool news from the Evanston business community!

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

Evanston Residents Maximized for Online Viewing Scroll over text to discover online links to business web pages, maps and more.

Stay up to date at: www.evanstonedge.com 5

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

Facebook

LinkedIn

“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

Evanston Residents Maximized for Online Viewing Scroll over text to discover online links to business web pages, maps and more.

Stay up to date at: www.evanstonedge.com

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

Facebook

LinkedIn

“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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Stay up to date at: www.evanstonedge.com 9

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

Facebook

LinkedIn

“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


Evanston's Economic Development Division 2013 Year in Review