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.
Hill & Wilkinson General Contractors is starting a $175 million renovation and remodeling project at Dallas’ former Statler Hilton. The project will turn the historical building into the Statler Hotel & Residences, a mixed-use tower with the 11 top stories converted into residential units, the
Saks Fifth Avenue is in the midst of a three-year, $250 million renovation of its New York City flagship, under parent Hudson’s Bay, which bought the iconic luxury department store in 2013. Read The New York Times story here
Pittsburgh’s Hotel Indigo has opened its doors in four buildings, including the former Governor’s Hotel. Read the Pittsburgh Tribune-Review story here
Physical stores will play an important role in Macy’s future, despite the retailer’s recent plans to streamline its store operations and close some locations. Read the Fortune story here
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
Quaker Steak & Lube has filed for bankruptcy with a plan for its 50-plus U.S. eateries to be acquired by TravelCenters of America. TravelCenters of America operates more than 500 restaurants in 43 states, and will convert some to Quaker Steak & Lube locations after
SRS Real Estate Partners (SRS) announced that the project leasing team in Atlanta has secured two new leases at Glenwood Retail in Atlanta. Glenwood Retail is a redevelopment project by Paces Properties LLC , the developers of Krog Street Market. The development is the revitalization
The Philadelphia Planning Commission approved a plan for a second casino in the city. The $400 million casino proposed by Cordish Cos. and Greenwood Racing would include a 19-story hotel, 125 table games and more than 2,000 slot machines. The first casino in Philadelphia, SugarHouse
The Federal Aviation Administration has approved the 1,005-foot-tall One Bayfront Plaza and the 995-foot-tall 1201 Brickell towers in Miami, saying that neither tower would pose a threat to air travel. The $1.4 billion One Bayfront is a mixed-use project that will have office and retail
Marriott International‘s merger with Starwood Hotels & Resorts does not include plans to divest any of the Starwood brands, Marriott CEO Arne Sorenson said. He cited market demand for each of the Starwood flags. Revaluation of Starwood’s financials and growth in the online booking business
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