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 U.S. has reached 5 million available hotel rooms, according to data released by STR. The boom in hotel accommodations is due to “continued interest in the sector,” STR says. Figures suggest the rise shows no signs of slowing. Read the BusinessTravelNews.com story here
Bellevue, Tenn.’s abandoned shopping center will become One Bellevue Place after a property renovation that will create a shopping center with a new health-focused grocery store and a movie theater, among other offerings. The plan is being welcomed by area residents, who have had to
Great Wolf Resorts has unveiled its renovation plans for the currently closed Renaissance Hotel in Colorado Springs, Colorado, which it purchased recently for $18 million. Great Wolf Lodge Colorado Springs is slated to open in 2016 with an indoor water park spanning 65,000 square feet,
Nike has launched a new store format in Seattle that aims to focus on product innovation and personal service, with features including sports bra fittings and a treadmill to test shoppers’ run gaits. The brand has been testing several new formats as part of a
The number of independent U.S. eateries fell 3% in the year ended March 31, while the number of chain restaurants rose 1%, according to NPD Group. Fast-casual chains saw the biggest jump, with the number of units increasing 7%. Independents still account for about 54%
Wal-Mart will open two Supercenters and four Neighborhood Markets in San Antonio over the next 12 months, as the retail real estate market continues to tighten in the city. Much of San Antonio’s new retail space is being taken up by food retailers, which are
Danbury, Conn., land-use officials gave developer RMS Cos. the go-ahead on its 111-room Hotel Zero Degrees project. The boutique hotel will feature luxurious facilities, including a restaurant and banquet facility and a combination “of Old World hospitality and modern-day amenities,” hotel officials said. Read The
CKE Restaurant Holdings Inc. has agreed to refranchise 50 Hardee’s locations in the Carolinas. The units are being acquired and remodeled by franchise operator Serazen LLC, based in Orange, Calif., which operates 69 Papa John’s locations. Read the Nation’s Restaurant News story here
Costco may open its first warehouse store in France as soon as next spring, entering a market where ongoing grocery price wars and competition among leading hypermarket operators Carrefour, Auchan and Casino may make it tougher to stand out. The rivals have fought Costco’s four-year
Xenia Hotels & Resorts has acquired a fee-simple interest in three boutique hotels for $245 million. Located in Portland, Ore., Santa Barbara, Calif., and Philadelphia, the properties will be managed by Kimpton Hotels & Restaurants. Read the Commercial Property Executive story here
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