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.
Ashley Furniture was an unlikely upstart when Ron Wanek launched the company in the 1970s in Wisconsin. Today, the family-owned manufacturer and retailer operates about 460 U.S. stores and did about $4 billion in sales last year. Ashley, which manufactures in both the United States
More financiers are expected to invest in the acquisition, conversion and construction of hotels this year as the industry continues to benefit from the economic recovery and an increasing number of travelers. Investors are looking for niche markets and trends such as lifestyle hotels. Read
Hotel companies are busy preparing for the 2016 election by building new hotels and renovating existing properties. Newcomers will include Canopy by Hilton, which may open in 2016, and Trump International Hotel Washington, D.C., which is expected to open in 2016. Meanwhile, the Watergate Hotel
Noble Investment Group LLC has bought the Courtyard by Marriott Chapel Hill to add to its North Carolina properties. Terms of the deal was not disclosed. The hotel property features 169 guestrooms and suites. Read the Winston-Salem Journal story here
Chicago Transit Authority will start a new construction phase on the $203 million Wilson Station reconstruction project. On or about March 6, crews will start to demolish, then build new track and a new southbound platform. The goal is to reduce congestion around the station.
Online retailer Bonobos will open a 4,000-square-foot flagship store on Fifth Avenue in New York in June as it works to expand its “online-to-offline, no-inventory model” operations. The store will focus on the company’s Guideshop concept, which allows online consumers to handle products in person
MCR Development has purchased TownePlace Suites by Marriott in Huntsville, Alabama, as well as 17 other Marriott and Hilton hotels, for $206 million. Read The Huntsville Times story here
Hartsfield-Jackson International Airport plans to spend up to $19 million to fix the roof of the domestic terminal and Concourse T, repairing damage from a 2013 hailstorm. The airport is seeking Atlanta City Council approval for the expenditure. The work is expected to take until
Fort Capital Management and partners are investing $1 billion on three Four Seasons hotels in south Florida, with the possibility for a fourth under way. Read The Wall Street Journal story here
The Des Moines City Council in Iowa is considering a plan to build a 330-room events center hotel, which is estimated to cost $100 million. The property is expected to boost visitation by 3 million visitors and generate $35 million in additional business for the
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