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.
LaSalle Hotel Properties plans to purchase hotels in Los Angeles, San Francisco and Portland, Ore., for a total of $500 million. The company is planning a sale of 7.6 million common shares, the proceeds of which will fund the purchases. Read the GlobeSt.com story here
A parking lot in Baltimore’s Inner Harbor area could soon be home to a 38-story tower — which would be one of the city’s tallest. InterPark LLC and Comstock Partners say the building would include a hotel, apartments, parking and retail space. The initial designs,
A $165 million renovation project at the Bellagio Las Vegas recently entered its final phase, which will see the overhaul of 403 suites at the Bellagio Tower. The makeover, which began in 2011, should conclude by February. Read the Travel Weekly story here
Plans for a 150-room Marriott Residence Inn in Kapolei, Hawaii, were confirmed by R.D. Olson Development. R.D. Olson plans to own and operate the property. Read the American City Business Journals/Honolulu story here
AC Hotels has opened its first U.S. property, the 220-room AC Hotel Bourbon/French Quarter Area in New Orleans, introducing the brand’s European aesthetics to the U.S. market. Marriott International said 50 more AC Hotels properties are slated to open across the United States, with the
The Atlanta Braves offered another peek into its plans to develop a new stadium and entertainment complex in Cobb County and named architectural design firm Wakefield Beasley & Associates as the lead designer of the mixed-used development. See the latest renderings here
Construction should begin in the middle of next year on a $164 million project in the Harlem district of New York City. The project will include a Marriott hotel, residential apartments and retail and cultural arts space. The project is projected to be completed in
Indianapolis-based Simon Property Group plans to build an outlet center on 50 acres in the Indianapolis area, sources say. The potential project points to the resilience of brick-and-mortar retail, despite the growth in e-commerce; a recent Simon study found that retail centers are still a major
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
Yum Brands plans to find franchisees to open 1,300 units in overseas markets, restaurants that would add an estimated $2 billion in new sales. The chain is already in growth mode in the United States, where it aims to add 2,000 new restaurants to further its
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