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.
Mortenson Construction says the $1.1 billion U.S. Bank Stadium, the future home of the National Football League’s Minnesota Vikings, is 95% complete. Only about $40 million worth of work remains to be completed, and the company expects to have the project finished by June. The
According to Arcadis, a leading global design and consultancy firm, there is a goldmine of untapped resources sitting idle in cities across the country. Arcadis’ Urban Land Restoration Index report ranks 27 U.S. cities by redevelopment opportunity which could attract renewed investment and revitalize former
Follett, a 142-year-old family-owned bookseller serving schools, libraries and bookstores, has bought international bookseller Baker & Taylor for an undisclosed amount. The deal will give Follett a global reach and boost annual revenue from about $2.6 billion to about $3.6 billion. Read the Chicago Tribune
Paradise Cove Boutique Hotel in Mauritius, TOTEM Madrid and Diamonds Mequfi Beach Resort in Mozambique are among the latest additions to Small Luxury Hotels of the World. Read the Luxury Travel Magazine online story here
Beaumont Health, which owns Northwood Shopping Center, says it plans to demolish the 1950s-era shopping center and nearby row homes to redevelop the area. A mixed-use development, likely to include retail and office space, will replace the shopping center. Read the Detroit Free Press story
Third Lake Capital has purchased Oak Brook Court, a shopping center in Oak Brook, Ill., for $19.95M in a deal brokered by Mid-America Real Estate Corp. The 103,836-square-foot property includes retailers Office Max, Binny’s Beverage Depot and The Great Escape. The seller was an institutional
Asbury Park, N.J., will welcome a new luxury hotel next month when The Asbury opens, offering 110 rooms for guests in search of luxury. Read the Bloomberg story here
Rosewood Hotels and Resorts is continuing to work toward its goal of having 40 hotels up and running by 2020. By 2019, 16 hotels are already slated to open, adding to the 19 Rosewood currently operates. Read the Travel Weekly story here
Sundance, a multichannel retailer that began as a catalog founded by actor Robert Redford in 1989, will open its seventh brick-and-mortar store this week, in the Dallas area. The retailer sells apparel, accessories and home goods, and aims to add several more stores in the
Johnny Rockets rolled out an updated look with the launch of a new restaurant in Syracuse, N.Y., this week. The eatery trades the brand’s signature 1950s theme and dancing servers for modern wood finishes, dark-colored booths and pendant lighting, a look the 30-year-old chain aims
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