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.
California’s full-service restaurants have boosted employment levels 23 percent in the past four years, and U.S. restaurant employment is on track to grow from 13.1 million to 14.4 million by 2023, according to NRA data. As restaurant jobs grow more plentiful, owners say they’re having
Construction of the 153-room Holiday Inn Hotel and Suites Shenandoah has begun. The property, which will include a lounge, a fitness center and 7,000 square feet of meeting space, will be Shenandoah’s first full-service hotel. Read the Houston Chronicle/Prime Property blog here
Dunkin’ Donuts has signed multiunit development agreements with two franchise groups in Colorado. They include new franchisee Brian “Gib” Long is the brand’s first franchisee in the Western Slope of Colorado, with plans to develop two restaurants. The first is expected to open in 2015.
New York City department stores are hot once more, with Nordstrom and Neiman Marcus planning their first stores in the city, Saks Fifth Avenue poised to open a second flagship and Macy’s and Bergdorf Goodman in expansion mode. Read the Crain’s New York Business story
The fast-casual food industry delivered $35 billion in sales to landlords in 2013, an 11 percent year-over-year increase, says Technomic, which predicts a 10 percent rise in 2014. Innovations such as made-to-order pizza chains are fueling growth in the sector. Read the SCT Newswire story
Wal-Mart has signed a lease for a long-planned store at Skyland Town Center in Southeast Washington, D.C. The retailer is a key part of a significant redevelopment project that has been in the works for more than a decade. Read The Washington Post story here
The state capital of South Carolina, Columbia, is undergoing a construction boom after being heavily affected by the Great Recession. The city has seen more than $1 billion in construction spending since 2011. Student housing and higher education facilities are fueling much of the growth.
Value Place Hotels has secured a special-use permit for construction of a 116-room property in Romeoville, Ill. The property is one of 15 hotels in Value Place’s five-year pipeline for Chicago. The Romeoville hotel construction is expected to start in the spring. Read the Chicago
Cleveland Clinic and Case Western Reserve University are partnering to build the Health Education Campus in Cleveland. The 480,000-square-foot facility, designed by Foster + Partners of London, could cost up to $400 million and is aiming to approach LEED Gold standards. Construction is expected to
UAE-based Al Habtoor Group has purchased the President Abraham Lincoln hotel in Springfield, Ill., a property that operates under the Hilton DoubleTree brand. The acquisition is an anomaly for Al Habtoor, which owns the Waldorf Astoria Palm Jumeirah and the InterContinental Budapest. Read the Hotel
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