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 Trump Group (no relation to Donald Trump or his hotel group) is proposing to build two luxury towers on Florida’s Sunny Isles Beach, with prices in the range of $4 million per condo. Developer Jules Trump says targeted buyers will use the condos as
Naito Development has tossed out a plan to redevelop the historic Grove Hotel in Portland into a 70-room hostel and now wants to build a 112-room boutique property. The company is seeking approval for the $25 million project from the city’s Historic Landmarks Commission. Read
Sears Holdings aims to raise more than $2 billion in cash by spinning off up to 300 of its stores into a real estate investment trust by June. Sears would lease the spaces back, but they could eventually house new tenants if the stores close.
Procter & Gamble and Constellation are partnering to construct a $200 million biomass plant in Georgia. Work has started and should be completed in 2017. The project is projected to create 500 construction jobs and will supply steam to P&G’s paper manufacturing facility as well
New lifestyle brand Hyatt Centric plans to open its first two properties in Miami Beach, Fla., and Chicago. The 105-room Hyatt Centric South Beach Miami and the 257-room Hyatt Centric The Loop Chicago are expected to open in April. Read the Travel Weekly story here
Procter & Gamble and Constellation are partnering to construct a $200 million biomass plant in Georgia. Work has started and should be completed in 2017. The project is projected to create 500 construction jobs and will supply steam to P&G’s paper manufacturing facility as well
Restaurant Brands International, the parent company of Burger King and Tim Hortons, reported a rise in same store sales for both brands in the fourth quarter. The company plans to expand Tim Hortons in the United States and internationally. Read The Toronto Star story here
Chico’s said that along with closing about 35 stores this fiscal year ending January 31, 2016 that it plans to open about 40. The company, which operates 1,547 stores in the United States and Canada, opened 109 stores last year. Read the Reuters story here
Fast-casual Asian chain Tokyo Joe’s will expand outside its Colorado home with a franchisee who aims to open his first restaurant in Tucson, Ariz., by Independence Day. The menu includes sushi and build-your-own rice and noodle bowls. Read the AzBiz.com story here
Fast-casual Asian chain Tokyo Joe’s will expand outside its Colorado home with a franchisee who aims to open his first restaurant in Tucson, Ariz., by Independence Day. The menu includes sushi and build-your-own rice and noodle bowls. Read the AzBiz.com story here
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