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 workers are grading the red clay base and installing drainage in preparation for 26 miles of managed tolls lanes on Interstate 77 in North Carolina. The $650 million project is being built and managed by two subsidiaries of Spanish infrastructure company Cintra, and work
Costa Vida Fresh Mexican Grill signed 14 franchise deals during the first half of 2016 and plans to at least double that number by the end of the year. The fast-casual restaurant began offering smothered burritos for no added cost and will roll out improved
NRF has adjusted its forecast of U.S. retail sales to predict a 3.4% increase for the year, up from the 3.1% predicted in February, as the housing market, job growth and wages improved. Online sales are on pace to rise as much as 10% this
Macy’s expanded its off-price Backstage store concept to Texas this week with the opening of in-store shops at two department stores, with plans open a standalone Backstage store in the state this fall. The concept is meant to lure bargain hunters who have been attracted
Rehabilitation of the Century Plaza Hotel in Los Angeles is expected to begin this summer, backed by $1 billion in construction loans. Developer New Century Capital Partners plans to add two 46-story towers to the landmark hotel, which closed early this year. Read the Travel
North Carolina-based developer Crescent Communities has its eye on Dallas with plans for a mixed-use project with 300 apartments and a rooftop swimming pool. The project also will feature retail and dining space, a parking garage and public plaza. Read The Dallas Morning News story
This year, Melia Hotels International, Riu Hotels & Resorts and Iberostar Hotels & Resorts all entered the New York market for the first time. The companies are among Spain’s largest hoteliers and together bring 1,200 rooms to Manhattan. Read the Travel Weekly story here
Target‘s new store in Chicago will boast a Freshii restaurant as well as a Starbucks and CVS Pharmacy. The store is one of Target’s flexible-format urban locations designed for convenience and stocked with goods aimed at appealing to local shoppers. Read the Chicago Tribune story
Michigan’s first Home 2 Suites by Hilton will be built in the Holland area. The extended-stay property will be near the Shops at Westshore, where nine stores have signed leases. Read the The Holland Sentinel story here
Hyatt Hotels has purchased the Royal Palms Resort and Spa in Phoenix from Lowe Enterprises for $88.25 million. Lowe purchased the property in 1998 for $31.6 million. Read The Associated Press story here
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