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.
Construction is underway on one building with two Marriott properties — a 120-unit SpringHill Suites and 134-key Residence Inn – near the Mall at Millenia in Orlando, Fla. Puerto Rico-based PRISA Group is the developer, and the builder is Orlando-based Welbro Building Corp. Read the Orlando
Kmart has remodeled an Illinois store under an initiative dubbed “Whole Lotta Awesome” that’s designed to win over budget-conscious millennials. The store includes an “Aisle of WOW!” with $1 deals and limited-time bargains. Read the Bloomberg story here
The $3 billion Legacy West mixed-use project in Plano, Texas, will be home to one of five new Barnes & Noble stores that will be constructed under a new format that includes a restaurant and bar. Barnes & Noble currently operates stores with restaurants and
The Cosmopolitan of Las Vegas is enlisting three designers for the 21 penthouses it plans to add to its Boulevard Tower. Spacious quarters, a skyline view and a private casino reserved for penthouse guests are in the works. Read the Los Angeles Times story here
Walgreens Boots Alliance will likely have to divest more than 500 stores but fewer than 1,000 to win regulatory approval for its planned $9.41 billion acquisition of rival Rite Aid. The deal, expected to close by the end of the year, would create a combined
The George Bush Intercontinental Airport in Houston is undergoing a $4 billion renovation. Domestic terminals will be upgraded, a $1.5 billion international terminal is being built, and more than 120 new stores and restaurants are being added. Read the Community Impact Newspaper story here
An affiliate of investment firm Roark Capital Group has acquired a majority interest in Jimmy John’s, a move that may set the stage for international expansion of the Illinois-based sandwich chain. Roark’s restaurant investments include Arby’s, Corner Bakery and CKE Restaurants. Read the Chicago Tribune
See why despite the marketing challenge, Jersey Mike’s Subs continues to eat away at market share across the country at a time when others are faltering. Read the Bloomsberg story here
Developers are proposing a 120-room boutique hotel project on Houston Street in San Antonio, Texas. Read the San Antonio Express-News story here
The real estate company that paid $125 million for almost 15 acres of downtown Nashville has struck a deal for the first piece of the redevelopment headed for that site: a massive Hyatt Regency hotel. Read The Business Journals story here
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