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.
An 18-story luxury condominium adjacent to The Ritz-Carlton, Sarasota, in Florida will add to Kolter Group‘s growth along the city’s bayfront. The Ritz-Carlton will manage services for the condos. Read the Sarasota Herald-Tribune story here
The Sheraton Fort Lauderdale Airport & Cruise Port Hotel in Dania Beach, Fla., will emerge from a $30 million makeover as the luxury Le Meridien Fort Lauderdale Airport. The hotel will close in June and reopen in the second half of 2017, said Starwood Hotels
Data company BuildFax has revealed its first ranking of top U.S. cities for commercial remodeling. Commercial remodels in the United States have increased by 7 percent between December 2014 and December 2015 – an 26 percent increased since 2013. The list, which provides current snapshots of
Goldman Sachs Group‘s private equity arm has teamed with retailer Bass Pro Shops to acquire rival chain Cabela’s, sources said. Both retailers specialize in gear for camping, hunting, fishing and other outdoor activities, and offer in-store experiences such as shooting ranges and taxidermy displays that
Brothers Jim Plamondon and Pete Plamondon Jr. are on a mission to rebuild Roy Rogers, a chain they bought from their father that once boasted 648 locations and now has 50, 27 of them franchises. The brothers will open six new locations this year, betting
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
Smithfield Oliver Partners is proposing a 161-room hotel as part of the second part of its parking garage project in downtown Pittsburgh. Read the Pittsburgh Post-Gazette story here
Hotel inventory in Orlando, Fla., is expected to go up by 2.8% in the next two years, according to STR. Read the Orlando Sentinel story here
Wynn Resorts is converting its Wynn Golf Club into a water resort offering water skiing and paddle-boarding. This will be Wynn’s first major construction project in Las Vegas since 2008. Read the Bloomberg story here
Aimbridge Hospitality plans to continue its aggressive growth with an eye toward venturing into Europe. The 13-year-old Plano, Texas, company boasts 455 hotels and has a financial stake in about half the properties it manages. Read the HotelNewsNow.com story here
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