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 land and plans are in place to immediately commence construction of a new outlet center in Daytona Beach. The new center will have about 350,000 square feet of retail space. It’s expected to be open in time for the holiday shopping season. Read the
U.S. shoppers are spending again as consumer sentiment improves. Shopping center investors, retailers and landlords hope demand for physical retail space will continue to be strong in 2016. Read the CoStar Group story here
ALDI will open its seventh store in the Omaha, Neb., market in the spring, the company said. The new store is part of the retailer’s plan to open about 650 new stores and operate about 2,000 stores in the United States by 2018. Read the
Barnes & Noble has applied for a state beer and wine license for a store in New Hartford, N.Y., giving it the option to add alcohol at readings and change up the cafe menu. Bookstores including BookBar in Denver and Books & Brews in Indianapolis
Cypress Equities revealed its renovation plans for the Corner Shopping Center in North Dallas at the International Council of Shopping Centers conference in Dallas. The developer will rename the 236,050-square-foot property “The Hill Shopping Center” and add a more contemporary architectural style to the buildings.
Westbrook, Maine, could get a 500,000-square-foot retail development called Dirigo Plaza. Developers have proposed a shopping center featuring a pond and walking trails, along with three warehouse-size stores, though he did not name tenants. Read the Portland Press Herald story here
Several hotel renovations will boost hospitality and restaurant prospects in Joplin, Mo., including Conor Acquisitions Group’s $6 million transformation of the Joplin Hotel into a DoubleTree by Hilton. A La Quinta Inn & Suites is finishing a lobby makeover, a Best Western Oasis Inn and
AccorHotels is building a 218-room property in Havana. The Sofitel So Havana will debut in 2018. Read the HotelsMag.com story here
A family that owns multiple Five Guys Burgers and Fries restaurants will introduce a new fast casual to South Florida called Newk’s Eatery. Read the American City Business Journals/South Florida story here
The Mille Lacs Band Ojibwe‘s business arm has purchased the 297-room DoubleTree by Hilton Minneapolis Park Place Hotel for $37.3 million. Greenwood Hospitality will operate the property. Mille Lacs Corporate Ventures recently renovated the former Crowne Plaza in downtown St. Paul and reflagged it as
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