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.
Hard Rock Hotels is planning to debut a 220-room property in Atlanta next to the National Football League’s Atlanta Falcons’ new Mercedes-Benz Stadium in 2018. The property will include a Rock Spa featuring Rhythm & Motion treatments with immersive music. Read the SpaOpportunities.com story here
A dual-branded Marriott hotel will be built as part of a mixed-use waterfront development in Weehawken, N.J. The project will include a 154-room Residence Inn and a 210-room Renaissance. Read the GlobeSt.com story here
UK-based Domino’s Pizza has teamed with Domino’s Pizza Enterprises in Australia to buy Germany’s Joey’s Pizza. The deal will give the joint venture partners 227 restaurants in Germany, where the UK operator now has about 20. Read The Telegraph story here
Minnesota-based barbecue chain Famous Dave’s will sell its seven Chicago-area restaurants to franchisee Windy City Restaurant Holdings for $1.15 million, in a deal slated to close Feb. 1. Windy City has committed to spending $500,000 to upgrade the restaurants in the first year, and it
Atlanta is seeing many new hotel projects, and design features indicate a desire to attract Millennial travelers. Trends include electric vehicle charging stations, mobile check-in and walking-distance access to local businesses and coffee houses. One hotel is using a special window glazing that allows guests
Sphere International has plans for a new convention center in Wilkes-Barre, Pa., that will include retail space alongside residential suites and a hotel. The former site of Lazarus department store will be home to the $28 million development. Read The Times-Tribune story here
The U.S. restaurant industry will see a 1% rise in traffic this year and another 1% increase in 2016, according to NPD Group. Fast-casual was the fastest-growing segment in 2015, with an 8% jump in visits, and breakfast was the winning daypart. Read the MediaPost
The 0.25% interest rate increase announced this month by the Federal Reserve should have only a modest effect on hotel costs and growth, according to HotelNewsNow.com. The first interest hike in seven years is seen as one of several factors influencing projections, including equity costs,
Multi-Employer Property Trust and PHK Development are partnering to develop a $103 million mixed-use project in Lake Oswego, Ore., near Portland. The three-building project will have 200 residential units and 40,000 square feet for retail. Read the Commercial Property Executive story here
The renovation work has begun for Hanover Square, a shopping center in Hanover Park, Ill. Renovations include interior updates, a new facade and a rebuilt parking lot. The facility has 15,000 square feet of available space. Read the Daily Herald story here
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