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.
The Kona Kai luxury resort in Key Largo, Fla., recently changed hands for $3.1 million. Ramon Guevara and a company controlled by Leon Medical Centers Health Plans purchased the 2.2-acre property. Read The Miami Herald story here
Krispy Kreme Doughnuts is continuing its aggressive international expansion strategy, despite slowing sales growth at existing global stores. The chain’s plans call for franchise growth in several markets, including Bangladesh, Cambodia, Guatemala and Myanmar, according to The Wall Street Journal.
Restoration Hardware is expected to roll out two new retail concepts, RH Modern collection and RH Teen, this fall. The retailer operates 67 galleries and plans to open next-generation large-format stores in four markets by the end of the year. Read the Investor’s Business Daily
The first Container Store in Wisconsin will open at Mayfair Mall. The new store has been years in the making. Read the WISN-TV story here
Caribou Coffee and Einstein Bros. Bagels are being merged in one location scheduled to open Wednesday in Colorado Springs, Colo. Both Caribou and Einstein Bros.’s parent, Einstein Noah Restaurant Group Inc., or ENRGI, are owned by German private-equity firm Joh. A. Benckiser Group, which plans
The Dollar General Literacy Foundation awarded $107,650 to area schools, nonprofits and literacy organizations to enhance and support youth literacy and education programs. These grant awards are part of more than $4 million in grants awarded today to approximately 870 schools, nonprofits and organizations throughout
The planning commission behind Chicago-area Tinley Park will endorse plans for an open-air center after receiving confirmation that the project will not create flooding problems. Aetna Development Corp. and Webster Property Group will develop the seven-storefront property. Read the Chicago Tribune story here
Philadelphia’s 230-room Palomar Hotel and its restaurant are under new ownership following a $97 million deal. Xenia Hotels & Resorts made the purchase and plans to retain the current manager, Kimpton Hotels & Restaurants. Read the American City Business Journals/Philadelphia story here
Heavy equipment and cranes mark the start of $1.1 billion in expansion at Florida’s Orlando International Airport. Crews are building a six-story parking garage and train depot and making improvements to the U.S. Customs and Border Protection area. Much of the work should be finished
Turkey Hill Minit Markets acquired two Giant to Go convenience stores in Lancaster, Pa. The two 4,100-square-foot stores were part of a pilot program for Ahold’s Giant-Carlisle grocery chain that never expanded, and Turkey Hill plans to renovate and rebrand both locations. Read the Supermarket
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