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 380-room Thompson Miami Beach will be the fifth hotel in Hyatt Hotels Corp.’s new upscale Unbound Collection. The 76-year-old property reopened in November 2014 under the Thompson brand after extensive renovation. Private equity investment firm Geolo Capital expects to complete the sale of the
Liberty Property Trust‘s $800 million project along a 26-acre tract of land on the Camden, N.J., waterfront is moving forward. Plans include 1.5 million square feet of commercial space, 200 residential units and a 130-room hotel. Work could begin in the fall. Read the Philly.com
Roughly two-thirds of hotel rooms under construction open within two years on average, according to data analysis by STR. About half of rooms being built with a specific opening date two years out hit that mark, STR finds. Read the HotelNewsNow.com story here
Chipotle Mexican Grill has applied to trademark the phrase “Better Burger” with an eye on launching a burger concept. In addition to its namesake burrito chain, Chipotle has launched Asian-inspired ShopHouse and Pizzeria Locale. Read The Boston Globe story here
The fast-casual sector continued to fuel restaurant growth last year and helped the top 500 U.S. restaurant chains boost sales 4.9% from 2014, according to Technomic. Fast-casual chains booked an increase of 11.4%, with health-focused brands including Freshii, Sweetgreen and Zoes Kitchen at the head
Canadian workout wear retailer Lululemon Athletica opened its first U.S. Lab store in New York City, according to Women’s Wear Daily. The new concept store carries a more fashion-forward line of trousers, tops and other pieces. The company opened the first Lab store in Vancouver
About $100 million worth of health care projects are planned for the Orlando, Fla., area. Work includes building a 30,000-square-foot cancer center and a 70,000-square-foot outpatient facility. The projects are expected to create more than 500 construction jobs. Read the American City Business Journals/Orlando, Fla.
Construction employment rose sharply in March by 37,000 for the month and 301,000 for the year, while construction spending in February logged a solid year-over-year increase despite a dip compared with January, according to an analysis by the Associated General Contractors of America. Association officials
ALDI is opening eight stores across the Inland and Coachella Valley areas of Southern California this week, as part of its bigger strategy to operate 2,000 stores by 2018. The retailer plans to open 45 new stores this year. Read The Press-Enterprise story here
Developers in Pinellas County, Fla., a proposing a development with three hotels totaling 700 rooms near the Tom Stuart Causeway. Read The Tampa Tribune story here
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