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.
A $6 billion, 20-year-long expansion and renovation project will get underway later this year at Georgia’s Hartsfield-Jackson Atlanta International Airport. Work will start with concourse renovation, later moving to the addition of a new runway and hotel. A focal point will be two enormous, translucent
The Greater Orlando Aviation Authority on Wednesday approved a $1.8 billion expansion plan for the Orlando International Airport. Construction of a new south terminal complex is expected to begin in the first quarter of 2017. Read The Washington Times/The Associated Press story here
Ikea has submitted plans for a new home furnishings store in Dublin that would open in about two years and employ hundreds of permanent workers. The store would open in mid-2018 and construction could begin as early as spring 2017, Ikea said. Dublin city officials
Marriott International‘s Renaissance brand is shedding its conservative image in a bid for Millennial attention. The “Fearlessly Chic” motif, featuring cutting-edge aesthetics and an urban flavor, was unveiled in January by Renaissance Montreal. Work by local street artist Alexandre Veilleux, live DJ entertainment and Pan-Asian
Owner and franchisee OTO Development of South Carolina plans a March 10 opening for its new 135-room SpringHill Suites by Marriott in Mission Valley. The development cost of the hotel was approximately $26 million. Read the San Diego Business Journal story here
MGM Resorts International has agreed to sell the retail component of CityCenter, a $9 billion casino, hotel and retail complex on the Las Vegas Strip, to a Simon partnership for $1.13 billion, a source says. MGM co-owns CityCenter with the United Arab Emirates-based Infinity World
The Mashpee Wampanoag tribe is planning to break ground in April on a new casino development in Massachusetts. First Light Resort Casino would contain three 15-story hotels, a spa, water park, retail and gaming areas. Initial construction is expected to be completed in 2017. Read
Brick-and-mortar stores have a more favorable sustainability model than do online retailers, per a Simon study conducted in conjunction with Deloitte Consulting. The study took into account the 33% return rate of products purchased online versus 7% for in-store purchases and the fact that consumers
Apollo Global Management has entered into an agreement to acquire Fresh Market Inc., a specialty grocery chain with 186 locations in 27 states. The New York City-based private equity firm will pay $1.4 billion for the grocer and expects a second-quarter closing. Read The Morning Call
Developer Taubman Centers will add nine upscale restaurants, a food hall and skylights in a $500 million renovation of the Los Angeles-area Beverly Center. The food hall, called the Street, will feature 15 to 18 concepts and be headed by celebrity chef Michael Mina. Read
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