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.
Ireland-based fashion retailer Primark will open in the King of Prussia Mall near Philadelphia next month, after making its U.S. debut in Boston earlier this year. The new store will boast 58 registers and 93 fitting rooms with smartphone charging stations. Read The Philadelphia Inquirer
Food retailers are shifting from massive stores to smaller footprints to feed growing numbers of consumers who have urban lifestyles. CityTarget and Wal-Mart‘s Neighborhood Market are among the fastest-growing retail banners, and regional retailer Roche Bros. rolled out a smaller-format store last year. Meanwhile, Kroger’s
Wyndham Worldwide is adding 10 new properties on the Indian subcontinent, continuing a reported expansion there of 200% in five years. Wyndham’s 7,700 hotels include 25 in the region, with another 28 planned. Read the HotelierMiddleEast.com story here
San Diego, Calif.-based Petco Animal Supplies Inc. recently announced that funds affiliated with CVC Capital Partners and Canada Pension Plan Investment Board have entered into a definitive agreement to jointly acquire the company from a group of investors led by TPG and Leonard Green &
Nine boutique hotels and an 800-room convention center hotel are coming to downtown Kansas City, Mo., within the next two years as developers work to address the needs of business, convention and leisure travelers. The city currently lacks enough downtown hotel space to support major
Vision Hospitality Group‘s The Edwin Hotel in Chattanooga, Tenn., will feature 90 guestrooms, a restaurant and rooftop bar. The property is the first boutique hotel from the company. Read the HotelNewsNow.com story here
Gilbane Building is the general contractor for $450 million Northwest Mutual Tower and Commons in Milwaukee. Construction started in 2014 and should be completed in 2017. It will employ 1,000 construction workers. The company has utilized local small businesses in the construction, including the record
Developers want to transform the former Military Ocean Terminal in Bayonne, N.J., into a mixed-use development. The project would include more than 2,500 residential units, offices, a hotel and retail center. Construction is expected to begin next year on the first phase of the development,
Creation of the world’s largest hotel chain through Marriott International‘s $12.2 billion purchase of Starwood Hotels & Resorts Worldwide may signal further consolidation and increasing scale in the industry, Fitch Ratings says. The agency says another signal of this is the potential for higher debt
The construction industry increased employment in 43 states and the District of Columbia in October, according to the Associated General Contractors of America. California saw the largest increase with 49,800 new jobs from October 2014 to October 2015. Construction spending has increased 14% over the
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