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.
Cincinnati-based Kroger Co. will buy regional rival Roundy’s for about $178 million, the companies said. Roundy’s operates 151 grocery stores and 101 pharmacies in Wisconsin and Illinois, under several banners including Mariano’s, Pick ‘n Save and Metro Market. The combined company will have 2,774 supermarkets
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
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
As hotel fundamentals remain solid, construction of new properties is expected to continue at least through next year, experts say. Read the National Real Estate Investor online story here
Updated plans for a 140-room Hyatt Place in Ann Arbor, Mich., call for a reduction of 10,000 square feet to provide more useable outdoor space for visitors with additional landscaping/green space. Read the MLive.com story here
Edgewood Companies plans to build a $100 million resort hotel on the south side of Lake Tahoe in Nevada. The resort is being designed with various amenities, including a beach, restaurant, spa and conference center. Read the KSL-TV story here
Belmond is working on a strategy to encourage growth and focus on opportunities available to the Bermuda-based company. The multi-pronged approach includes driving top-line growth, building brand awareness and expanding the company’s footprint. Read the HotelNewsNow.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
When fashion retailer Zara wanted to create a huge, one-of-a-kind store in Tribeca, they knew it was a complicated job that had to be done on a tight schedule, so they turned to Schimenti Construction for its combination of retail construction expertise and New York City
Condor Hospitality Trust has purchased three hotels for $42.5 million. The relatively new hotels are in Jacksonville, Fla., San Antonio and Atlanta, all markets with growth potential. Peachtree Hospitality will manage the properties. Read the Omaha World-Herald story here
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