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.
WRS Inc. reportedly plans to purchase Underground Atlanta and convert it to a mixed-use property. The site is currently a multi-level underground shopping center. The redevelopment plan, which could cost between $150 million and $200 million, would include a grocery store and above-ground apartments. Construction
A $100 million retail development is planned in the town of Newburgh, N.Y. The 650,000-square-foot project is expected to create 1,000 construction jobs and include more than 50 stores and an entertainment venue. Wilder Cos. could start site work in the spring. Read the Times
Chesapeake Hospitality will seek measured growth “with an emphasis on full-service, upper-upscale hotel projects. Read the Hotel Management online story here
Lovejoy Wharf, a mixed-use waterfront redevelopment currently under construction in Boston, will re-imagine familiar waterfront structures for a new era, according to The Architectural Team, architect for a major adaptive reuse component of the project. The contribution begins with the rehabilitation and repurposing of the
Pittsburgh is one of the fastest growing hotel markets in the United States, with 55 projects in the regional pipeline, according to Lodging Econometrics data. Only Miami and New York have a faster pace of development, the data show. Read The Washington Times/The Associated Press
Plans for a new 165-room hotel in Fort Collins, Colo., were unveiled by development firm McWhinney, which will partner with Sage Hospitality. The property, which will include a ballroom and meeting space, is expected to open in 2017. Read The Reporter-Herald story here
A planned mixed-use tower in downtown Miami will include the first Yotel hotel in the city. The property, which will also include luxury apartments, is scheduled to open in 2017. Read the GlobeSt.com story here
Costco, Urban Outfitters and The Fresh Market are among national retailers that have chosen Tulsa over larger state capital Oklahoma City to open their first stores in Oklahoma. Demographics are often cited. Read The Oklahoman story here
New technology, a focus on wellness, warm brass and bold colors are some of the trends that hotels are expected to embrace in 2015. While some hotels will retrofit existing spaces to embrace trends such as creating areas to practice yoga in rooms, new hotels
While hotel investors had a glowing year in 2014, with the average price per room up 136.8 percent during the third quarter, emerging challenges such as an influx of new capital and the rise of Airbnb and other disrupters could make lodging transactions less of
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