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.
Hotel occupancy in Boston grew to 76.5% last year, fueling a solid hotel pipeline amid continuing demand. Read the Hotel Management online story here
The San Diego area has emerged from a 2009-13 standstill with a boom in new hotel development. More than 2,000 rooms are under construction, and at least 7,400 more are planned. Three hotels with more than 1,000 rooms are being built in downtown San Diego,
Sandy, Utah’s South Towne Center, one of the largest shopping centers in the Salt Lake Valley, will be renamed The Shops at South Town as part of its $20 million redesign. The 1.3 million-square-foot space will become an outdoor-inspired location with additional entertainment, dining and
Del Frisco’s Restaurant Group is developing a smaller prototype for its Del Frisco’s Grille restaurants to maximize efficiency and decrease store footprints to increase the availability of prime real estate. Read the Nation’s Restaurant News story here
Hong Kong-based Langham Hotels and Resorts plans to open three new hotels in the Dallas-Fort Worth area, San Francisco and Santa Fe, N.M., raising its continental US presence to seven. The Langham, Bishop’s Lodge Santa Fe, will be the firm’s first resort in that state.
Sports Authority filed for Chapter 11 bankruptcy reorganization Wednesday, with plans to shutter two distribution centers and 140 of its 464 stores. The retailer has secured $595 million in financing to fund operations, and aims to reduce its $1.1 billion debt load and streamline operations.
Kohl’s will close 18 underperforming stores this year and open seven small-format stores, two Off-Aisle test stores and 12 outlet locations, according to The Wall Street Journal. The retailer booked a 20% drop in fourth-quarter profits, and the chain’s forecast for 2016 sales growth falls
A 27-acre shopping district in downtown Miami called Worldcenter will now be an outdoor concept and pedestrian-friendly shopping center. The project’s updated design has one- and two-story shops and restaurants with plazas and open spaces. Taubman Centers is a partner in the project, which is
Fe Equus Development is embarking on a $47 million project to transform the historical International Shoe building in St. Louis into a 140-room boutique hotel. Read the St. Louis Post-Dispatch story here
The Caribbean/Mexico pipeline has some 188 hotels under contract, a 12.9% increase over last year, according to STR. Read the HotelNewsNow.com story here
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