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 at the Coco Palms Resort in Hawaii with an eye toward opening in 2018. The famous property that was used in the Elvis Presley movie “Blue Hawaii” closed in 1992 after a hurricane. Read the West Hawaii Today story here
Starwood Capital Group reportedly plans to sell all three of its 1 Hotel properties for an estimated total asking price of more than $800 million. One hotel is in Miami, and two are in New York – the new 1 Hotel Central Park and yet-to-open
Wendy’s has formed a partnership with Brazilian investment firm Infinity Services and US franchisee Starboard Group to open the first Wendy’s restaurants in Brazil. The first two units will open in Sao Paolo in July as part of an international expansion plan targeting South America,
AKA Wall Street is the first all-residential hotel in downtown New York and AKA’s first property in Manhattan. Read the Haute Living online story here
California-based Pieology Pizzeria has acquired smaller rival Project Pie, the first of what may be several acquisitions for the fast-casual pizza chain as competition grows. The deal adds Project Pie’s 30 eateries to Pieology’s more than 100 locations in the United States and Guam. Read
Hotelier John Graf is turning historic Westinghouse Castle in Pennsylvania into a boutique hotel and event space. Graf purchased the property for $100,000. Read the Pittsburgh Tribune-Review story here
The 102-room, 200-year-old Plas Glynllifon mansion in Wales has fallen into disrepair, but its new owners plan to transform the historical property into a luxury hotel and spa. Read the WalesOnline story here
Construction employment declined or was stagnant in 131, or 37 percent, of 358 metro areas between May 2015 and May 2016, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said. The data comes
Chicago officials are looking to add two hotels and refurbish a Hilton property at O’Hare International Airport at a cost of $350 million. The moves would add 450 to 600 hotel rooms and are part of an ambitious effort to upgrade airport operations. Read the
A $1 billion renovation project is set to start this fall at Reagan National Airport in Washington, D.C. The project includes the construction of a concourse for commuters, increased parking and road improvements. Read The Washington Post story here
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