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 fast-food pizza concept Chipotle has developed in partnership with two Boulder, Colorado, restaurateurs is opening in Cincinnati this fall. Kenwood Mall will be the location for the fourth Pizzeria Locale, which serves customized Neapolitan-inspired pizza put together in an interactive serving line and baked
In the world of Bay Area restaurant news, Bennigan’s is not a name that’s heard often, but that could change. The once-bankrupt casual dining chain is making a comeback, bringing with it 100 new locations throughout California. Read the American City Business Journals/San Francisco story
Value Place has changed its name to WoodSpring Suites in an effort to improve guests’ perception of the brand. The company is also developing a new brand extension, WoodSpring Suites Signature, which will be a more upscale product. WoodSpring Suites expects to open its first
Equinox Holdings plans to open the first of 75 fitness-focused hotel brand in 2018 at the Hudson Yards development in New York. The property will feature a 60,000-square-foot gym. Read The Wall Street Journal story here
Canadian restaurant operator Cara Operations isn’t giving up on its full-service brands, even as it looks to speed growth with fast-casual. The 125-year-old parent of established brands Harvey’s and Swiss Chalet went public earlier this month, with 837 restaurants and a goal to get into
PCL Construction has started construction on a $190 million, 41-story luxury apartment and hotel project in Seattle that is expected to be complete in 2017. Part of the money for the Potala Tower was raised through the EB-5 program, where foreigners invest in projects that
Designer discount department store Century 21 will make its first foray outside the Northeast with a store at Sawgrass Mills in South Florida, set to open next year. Read the National Real Estate Investor online story here
Yum Brands will spend $185 million over the next three years to help KFC franchisees in the U.S. remodel, upgrade kitchens and advertise, as part of a deal that gives the parent company control over domestic marketing. The brand has rebounded in the U.S. after
The 12-month moving average of hotel occupancy was 64.9 percent in the first quarter, matching the peak reached in 1995 and joining the rest of the lodging industry’s key metrics in achieving record highs. STR reports. Hotels also sold 12 million more rooms in March
Hospitality Specialists Inc. is building a 128-room Marriott Residence Inn at the Innovation Campus development in Wauwatosa, Wis. Construction is expected to take up to 18 months. Read the Milwaukee Journal Sentinel story here
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