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.
Chipotle Mexican Grill will launch a burger concept this fall called in Lancaster, Ohio. Read the Business Insider story here https://www.businessinsider.com/chipotle-is-opening-a-burger-chain-2016-7
Starting Sept. 1, Starbucks will focus their efforts on growing Starbucks’ small, premium offerings, such as Roasteries coffee shops and Reserve Stores. The move leaves Starbucks coffee shops at the core but emphasizes how there may be less new growth there than in premium offerings. Read
MGM Resorts International took full ownership of Borgata Hotel Casino & Spa in Atlantic City, N.J., which then was purchased by its real estate investment trust, MGM Growth Properties, for $1.18 billion. MGM Resorts bought Boyd Gaming Corp.’s 50% stake in Borgata for $900 million.
Construction employment increased in 228 out of 358 metro areas, was unchanged in 48 and declined in 82 between June 2015 and June 2016, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials urged
The Ritz-Carlton in Philadelphia is fresh off of a $25 million renovation. The historical building went up as a bank in 1908. Read the San Francisco Chronicle story here
An 855,000-square-foot mixed-use project with a 185-room boutique hotel, residential units, restaurants and office space, all anchored by a nine-screen theater, is being planned on a 26-acre site in Texas. Read the ChainStoreAge.com story here
Kevin Plank, founder of Baltimore-based athletic wear brand Under Armour, has plans for a $5.5 billion Baltimore development on 45 blocks along more than two miles of the Patapsco River. Some officials worry lower-income residents could be left behind with the development, but the 25-year
A $1.2 billion project will upgrade the Nashville International Airport in Tennessee over the next five to seven years. The terminal will be renovated and expanded and a new parking garage and hotel built. Read the The Tennessean story here
Construction spending decreased in June for the third month in a row but most segments posted solid increases in the first half of 2016 compared to the same period in 2015, according to an analysis by the Associated General Contractors of America (AGCA). Association officials
Business executives and local leaders in the Atlanta area have teamed up for a 234-acre development 24 miles from downtown Atlanta near the 700-acre Pinewood Atlanta movie studio. It will feature about 300 hotel rooms; at least 1,000 residences; and commercial, retail and community spaces.
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