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.
RadioShack is in talks with several potential suitors as it prepares to file for bankruptcy protection, including Sprint, which would buy the leases on about half of the chain’s more than 4,000 stores and rebrand or co-brand them, while the remaining stores would close, sources
Florida is expected to get started this month on the $2.3 billion Interstate 4 Ultimate project. The project will transform 21 miles of interstate and be the largest construction project ever in Central Florida. It is projected to create 64,000 jobs. The project is a
The Sioux City Hotel & Conference Center has been sold for $2 million to a locally-owned hotel group that pledges to modernize the long-troubled downtown property. Read the Sioux City Journal story here
The University of Pennsylvania Health System has chosen L.F. Driscoll and Balfour Beatty to construct a $1.5 billion hospital tower. Foster + Partners will design the building. Construction on the 750-bed facility will take place in several phases. Read American City Business Journals/Philadelphia/Real Estate blog
Hyatt Hotels has sold a 126-room hotel in San Antonio and a 127-room hotel in Plano, Texas, both under the Hyatt Place brand, to hotel developer and manager NewcrestImage. The purchase price was not disclosed. Read the American City Business Journals/San Antonio story here
Hospitality Lodging Systems is set to introduce its new soft brand, Haven Hotels, to the market in early this year, with the first hotels expected to open by the second quarter. Executives says the brand would operate in the “midscale through upscale” segments and grow
The hotel investment market appears to be on track for further growth, with a diverse mix of buyers, sellers and developers looking to capitalize on the strong fundamentals. \Read the GlobeSt.com story here
Proper Hotels, a new lifestyle hotel brand co-designed by Viceroy Hotels‘ founder and former CEO Brad Korzen, will target innovation districts worldwide and aims to combine a luxury experience with an atmosphere that embraces creativity and cultural relevance. Its first two properties will be a
Carpenter & Company broke ground on a 61-story mixed-use tower in Boston. The 699-foot-tall structure, which will cost $750 million to build, will be the one of the city’s tallest and will house a Four Seasons Hotel & Private Residences along with luxury condominiums. Read
Cities in the Midwest, particularly secondary markets, are becoming targets for growth among hotel developers and brands. Recent activity include Al Habtoor Group‘s purchase of the President Abraham Lincoln Hotel in Springfield, Ill., and a project by Jackson Street Management to convert a six-story office
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