Shawmut Design and Construction has joined Draper and Wexford Science & Technology to break ground on the 111,000-square-foot Integrated Microelectronics Production & Advanced Chip Technology (IMPACT) Center in Lowell, Massachusetts.
Anbang Insurance Group says it will work with the city of New York to preserve elements of the Waldorf Astoria building as it is converted into condominiums. Read the Bloomberg story here
Maine Medical Center in Portland plans to add a wing to the hospital and two floors to the existing structure. Obtaining state and city approvals is expected to take a year or longer, with construction on the $512 million project taking four years to complete.
Construction continues on a $743 million 12-lane superhighway in Austin, Texas, with work expected to be complete in 2020. A total of 23 onramps and off-ramps will be added to connect non-tolled lanes to main lanes. Read the Construction Equipment Guide story here
The Cheesecake Factory will open its first New York City restaurant in October in the borough of Queens. The chain will hire about 285 employees for the 8,100-square-foot eatery, which will seat about 200. Read the Eater/New York story here
Sears will close an undisclosed number of Kmart stores in at least 13 states in mid-December, with liquidation sales set to start Sept. 22, according to employees and published reports. The number of Kmart stores has fallen from 1,300 to about 870 in the past
A $200 million, 17-story hotel is being built at the Maryland Live casino, and a groundbreaking ceremony was held Tuesday to mark the start of construction. The project, which is expected to be completed in 2018, will contain 310 rooms and create 400 permanent jobs.
Sale of the 299-room Westin Harbour Island marks the third major deal involving downtown Tampa, Fla., hotels since 2014. The Chicago private investment firm HFF said it plans extensive renovation of the property, whose purchase price was not disclosed. Read the Tampa Bay Times story
Wal-Mart Stores is set to open its first State Fair Treats eatery in Plano, Texas, on Sept. 20. The retailer teamed with award-winning State Fair of Texas cook Isaac Rousso on the restaurant concept, which could expand to other Wal-Mart locations nationwide. Read The Dallas
Dallas-based Cowboy Chicken hopes to double the number of its restaurants to 45 by 2018, and will roll out a new restaurant prototype as it expands. The plan to grow comes on the heels of a 50% spike in sales this year compared to 2015.
Outlet centers are on the rise around the country, and Simon Property Group and Paragon Outlet Partners plan to open new centers in Maryland as demand continues to grow. Bargain-hunting millennials helped drive outlet mall traffic to a three-year high this summer, according to Cowen
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