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.
The Mississippi City Shopping Center in Gulfport, Miss., will see redevelopment including an upgrade from the original one-story building to an Ernest Hemingway-inspired, two-story building spanning 5 acres. The plans include restaurants, a hotel, retail and office space, and top-floor apartments. Read the The Sun
Le Meridien Fort Lauderdale Airport is scheduled to open next year following the $30 million renovation of a former Sheraton property. This will be the Starwood Hotels & Resorts Worldwide brand’s first property Fort Lauderdale, Fla., area. Read the Travel Weekly story here
The historical Junior League thrift shop building in downtown Birmingham, Ala., has to come down to allow for a $45 million redevelopment of the Empire Hotel. The structure is incompatible with the Fairfield Inn by Marriott that will adjoin the luxury hotel. Read the AL.com
The first hotel at Minneapolis-St. Paul International Airport will be an InterContinental Hotel & Resorts brand, said developer Graves Hospitality. Construction of the 12-story, 300-room hotel will begin in July, with a goal of opening in time for the Super Bowl in 2018. Read the
Marriott International‘s expansion of the Canada-based Delta Hotels and Resorts into the United States demonstrates its intention to grow the brands it acquires in the merger with Starwood Hotels & Resorts Worldwide, executives said. A key element for the future is Starwood’s full-service Sheraton brand,
The National Basketball Association’s Milwaukee Bucks have scheduled a groundbreaking for a new $524 million arena this summer. The cost of the project has increased $24 million since it was first announced. Hunzinger Construction Co. started preliminary site work. Read the American City Business Journals/Milwaukee
Target plans to improve market penetration by adding smaller-footprint stores to neighborhood shopping centers where big-box stores are not possible. These TargetExpress locations, one of the company’s urban formats, offer about 20,000 square feet of space, compared to the company’s 116,000-square-foot flagship stores. The company
The Wall Street Journal reports that Macy’s will spend $100 million and the next three years remodeling its Fulton Street store in Brooklyn, N.Y., adding modern upgrades and period touches to the historic 11-story building. The store will stay open during construction, which will be
Sears Holdings will close 10 namesake stores and 68 Kmart locations to cut about $650 million in costs and return the retailer to profitability, the company said. Liquidation sales is set to start, and most of the locations will be shuttered by the end of July.
A developer has submitted plans for a 103,000-square-foot shopping center on property owned by Disney subsidiary The Celebration Co. The 21-acre property in Celebration, Fla., may include a grocer, retail stores and restaurants across 11 total spots ranging from 4,500 to 23,000 square feet. Read
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