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.
With investor demand high in Europe, sources say Blackstone Group is looking to sell hotel properties in Amsterdam, Dublin and London for $1.1 billion. All are reportedly DoubleTree properties by Hilton Worldwide Holdings. Read the Bloomberg story here
Widespread worries about occupancy are unfounded, but a slowing of average daily rate growth and revenue per available room merit attention, hotel industry consulting group PricewaterhouseCoopers US says in a new report. Read the Hotel Management online story here
A huge redevelopment project is planned across 5,300 acres of bay front in San Diego, Harbor Island and Chula Vista, Calif. Plans include port projects, construction of a hotel and convention center and a wildlife habitat. Read The San Diego Union-Tribune story here
Water Valley Land Co. plans to turn 90 acres in Loveland, Colo., into a $500 million, mixed-use development that will include apartments, hotels, parking garages, a large movie complex, ice rink and office and retail space. Groundbreaking could occur next year, with the first phase
North American Properties will develop a 160-acre tract of Laurel Island in Charleston, S.C. The Lorelei project could cost upward of $1 billion and will include retail, residential, office and dining space and a hotel. Read the The Post and Courier story here
Kroger will spend $290 million to open new stores and roll out a program for online shoppers in its Columbus, Ohio, division. The retailer’s “ClickList” system will let customers place orders online and pick them up at the store. Read The Columbus Dispatch story here
Canada Goose will open its first branded retail stores in Toronto and New York City this year, choosing markets where the brand already has large numbers of fans. The brand sells online and through department stores, and sales in the United States jumped 30% last
Officials in Arlington, Texas, have given the green light for a $1 billion, retractable-roof stadium for the Texas Rangers. Residents will vote in November on whether they want to spend $500 million for the city’s share of construction costs. Read The Dallas Morning News story
Water Valley Land Co. plans to turn 90 acres in Loveland, Colo., into a $500 million, mixed-use development that will include apartments, hotels, parking garages, a large movie complex, ice rink and office and retail space. Groundbreaking could occur next year, with the first phase
Lake Nona, an 8,000-acre master-planned community near the airport in Orlando, Fla., will soon get a 3.8 million-square-foot commercial district with dining, entertainment, retail and office space, plus hotels. The developer has already spent more than $3 billion to construct commercial space and residential units.
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