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.
Speculation is growing among industry experts that Kroger might look to acquire Bi-Lo/Winn-Dixie as a way to break into the Florida market. The rumors are driven by Kroger’s financial position and a corporate announcement that the company has targeted an unidentified new geographic area for
A $130 million 425,000-square-foot shopping center is in the works in Lafayette, La. An incentive package will help mitigate some expected traffic issues in the area. Work on the Ambassador Town Center is expected to start this month, and will create 2,200 construction jobs. Read
Goodwill Industries has opened a new Home Store in Chattanooga, Tenn. — its first store in the South that sells only new merchandise. Other Goodwill stores in the area will continue to sell used merchandise, but they will also include some new items. Read the
Wyndham Hotel Group is looking to the United States as a prime spot for expansion of its branded hotels, even as the group considers opportunities abroad in markets such as China. Florida, Chicago and New York are all growth areas for the Wyndham brand. Read
The cost of hotel construction is rising by 2 percent to 4 percent annually, according to some hotel experts. Read the HotelNewsNow.com story here
Virgin Hotels debuted its first property with the official opening of the Virgin Hotels Chicago. Located in the center of Chicago’s Loop district in the historic Old Dearborn Bank Building, the 26-story building features 250 guest rooms, including 40 one-bedroom suites and a pair of
A number of real estate projects in the Omaha, Neb., area, many centered around the Village Pointe shopping center, are expected to boost the local economy. Projects include retail offerings, as well as a new rehabilitation hospital. Read the Omaha World-Herald story here
Hotels don’t get extensive makeovers every day. They’re costly and they’re often disruptive to customers and staff. So it’s a fairly big deal that the operators of the Hampton Inn in Cocoa Beach recently spent about $2 million to undertake a major upgrade. Read the
Target‘s plan to liquidate all 133 stores in Canada through bankruptcy will be costly upfront, but eventually it will allow the retailer to invest in opening more smaller-format urban stores and remodeling existing big boxes. Target has set up a $70 million trust fund to
National Geographic has launched Unique Lodges of the World, a group of hotels geared toward showcasing authenticity in design and sustainable tourism practices, in conjunction with the company’s new Private Expeditions product. The 24 founding hotels include Fogo Island Inn in Canada, Mashpi Lodge in
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