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 $100 million commercial development under construction in Glen Mills, Pa., will be anchored by a Wegmans supermarket and filled with financial service businesses, restaurants, dental offices and other less-traditional retail tenants. Read the Philly.com story here
Hilton Worldwide Holdings is seeking approval from the IRService to spin off its real estate into an REIT, according to a sources familiar with the transaction. Because Hilton has already approached the IRS, it would be exempt from the new regulations governing REIT spinoffs in
ALDI will open four new stores in the Richmond, Va., market through next year, the company said last week. The new stores, which are part of the Germany-based retailer’s plans to open 650 new U.S. stores, will be in addition to the five stores the
A historic boom in New York City development has made Brooklyn and Queens serious competitors with Manhattan for hotel business. With more than 80 projects under construction or planned, the boroughs are reveling in their new status as tourist destinations. Another factor: A manufacturing decline
Renovations will wrap up in 2017 on Florida’s Marco Island Marriott Beach Resort, which then will officially become a JW Marriott resort – the brand’s debut beachfront property in the continental United States. It will feature a new restaurant and beachside Tiki bar. Read the
The Board of Commissioners in Morgan County, Ga., has approved a request by the Georgia Zoo and Safari Park developers to add a hotel and amusement rides to the facility. The developers were granted permission to open up to six small rides and up to
Kindred Resorts & Hotels, a group of 58 independently owned lifestyle hotels, is taking aim at the corporate market. Read the Skift story here
The 166-room Courtyard Marriott Union Square in San Francisco has opened its doors after a $38 million renovation. Studio HBA completed the work. Read the HotelsMag.com story here
St. Jude Children’s Research Hospital in Memphis, Tenn., is planning a six-year, $7 billion expansion project to enhance research and medical care of children. More than $1 billion will be spent on construction, including a new graduate school on campus. Read the WHBQ-TV story here
Connecticut-based Bob’s Discount Furniture will boost its presence in the Midwest with new stores in five Chicago suburbs set to open in February of next year. The retailer, which operates 64 stores, also leased a 752,000-square-foot warehouse in Shorewood, Ill., early this year. Read the
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