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.
Rittenhouse Square, once the underdog in the Philadelphia retail sector, is seeing improved growth with new shops as high rents have forced smaller retailers to look for alternatives to Walnut and Chestnut’s commercial sector. The area’s vacancy rate has dropped from 12% to 8% since
The Raley’s supermarket chain is exploring various sites in downtown Sacramento, Calif., for smaller-format, farmer’s-market-style stores that would serve the unique needs of urban consumers. The store would be a return to the downtown area for Raley’s, which had a supermarket in midtown during the
The sheer size of the millennial generation makes it a key segment the hospitality industry wants to attract, leading to investment in social media, technology and makeovers. Read the Advertising Age story here
Dunkin’ Donuts has announced plans to open 17 new restaurants in the Valley, including locations in Fresno, Clovis, Visalia and Tulare. The Central Valley restaurants will be developed over the next few years by existing franchisee Aharon Aminpour. Aminpour currently owns and operates a Dunkin’
Hotel occupancy in Orlando, Fla., hit 78.3 percent in June, up 3.3 percent from May, according to STR. Room rates averaged $107.73 per night, up from $105.88 the previous month. Read the Orlando Sentinel story here
What will soon be the biggest hotel group in China, to be created by the merger of the Plateno Group and Jin Jiang Hotels, is considering the purchase of Starwood Hotels & Resorts Worldwide. A source says that the acquisition would create world’s biggest global
Hilton brand Conrad Hotels & Resorts is planning to open its first property in Mexico in 2016, a 135-room hotel in San Luis Potosi. Read the TravelPulse story here
To attract new, younger guests, the hotel industry is looking toward the next big trends in design. Read the Hotel Interactive story here
Construction of the Marriott SpringHill Suites in Burbank, Calif., is complete. A project by R.D. Olson Development, the 170-room hotel has an ultramodern fitness center, swimming pool, fire pits and kitchenette-equipped interior rooms. Read the GlobeSt.com story here
F21 Red, a Forever 21 concept, will open its first Canadian stores this fall, starting with two Ontario locations, the company said. F21 Red sells basic clothing items, including camisoles and T-shirts, with lower price tags than those of its fast-fashion parent. Read the Financial
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