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.
KBP Foods LLC, one of the nation’s largest KFC franchisees, added 24 more locations to its portfolio as part of an ongoing plan to grow by acquisition. The agreement brings KBP’s unit count to 247 locations. All of the restaurants are KFC units, with a
The anticipated cost of developing an 800-room convention center hotel in downtown Kansas City, Mo., has hit $311 million. The proposed Hyatt-branded property is now being considered by the city’s government. Read The Kansas City Star story here
German discount retailers ALDI and Lidl are in growth mode in the United States, gearing up to compete with American grocery chains and other retailers like Target and Wal-Mart. ALDI and Lidl have already made significant inroads in Europe, and they are charting their growth
At least two new Four Seasons locations are being developed in South Florida with help from entrepreneurs Fort Partners. The developments are located near Miami Beach and in Fort Lauderdale. Ashi has indicated that he may pursue another Four Seasons location in Naples. Read the Sun-Sentinel
Wegmans said it is committed to opening its first urban location in Boston’s Fenway neighborhood by 2018, anchoring a $500 million mixed-use development project that will also include additional retail space, apartments, offices and parking. The city’s Redevelopment Authority approved 75,000 square feet of grocery
St. Louis is experiencing a resurgence in hotel renovations, led by the $30 million renovation of its downtown convention hotel, the Renaissance St. Louis Grand. The Hyatt Regency at The Arch, meanwhile, is updating its grounds. Read the St. Louis Post-Dispatch story here
New Jersey is experiencing a jump in hotel construction amid an improving economy, with 14 current hotel projects adding 1,924 rooms, according to STR. Some 44 hotels are in the works. Read The Record story here
Some of Miami’s best new luxury hotels include Nautilus, Aloft South Beach and AC Hotel Miami Beach. The city is adding 2,500 hotel rooms this year, according to the Greater Miami Convention & Visitors Bureau. Read the CNN story here https://edition.cnn.com/2015/06/25/travel/new-miami-hotels/
Eyewear retailer Warby Parker now has 12 stores and will open seven more this year, as it continues to expand from its online roots into the brick-and-mortar retail world. Company executives say the metrics that they’re seeing are on the same level as best-in-class retailers,
JW Marriott Los Cabos Beach Resort & Spa will open its doors this fall in Puerto Los Cabos, Mexico. The 299-room resort will include infinity pools, seven restaurants and bars, a 21,000-square-foot spa, a beach club, the exclusive Griffin Club, space for meetings, and a
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