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.
Hyatt Hotels has acquired a 92 percent interest in the Hyatt Regency Lost Pines Resort and Spa in Austin/Bastrop, Texas, for $143 million. As part of the deal, Hyatt will assume $65 million of property-level debt. Read the HotelsMag.com story here
Macy’s Herald Square flagship in New York City will open a Just Salad restaurant, as part of its $400 million makeover. The eight-year-old chain has 19 locations, with a menu that includes organic tofu and humanely raised chicken. Read the New York Post story here
Six Senses Resorts & Spas plans to open eight spas and three hotels in 2015. The company’s aesthetic is shifting from “barefoot Robinson Crusoe” to a contemporary design with wood and stone elements. Celebrity Dr. Oz and author Dr. Steven Gundry are consulting with the chain,
A nearly $200 million project on Lake Erie in Buffalo, N.Y., just opened, and includes a 19-story building for amateur hockey. Billionaire Terrance Pegula, who recently purchased the National Football League’s Buffalo Bills, is organizing the HarborCenter project, which is expected to become a destination
The Swan and Dolphin Hotels at Walt Disney World in Florida have launched a $125 million renovation project. Upgrades to the properties will include new room furniture, HDTVs and extra power outlets. The Swan Hotel is expected to complete work on 500 of its 758
Wal-Mart is expanding in Fort Oglethorpe and Dalton, and probably in Chattanooga, Tenn., as well next year. But not with more behemoth, 100,000-square-foot Supercenters that the world’s largest retailer has built over the past three decades. Read the Chattanooga Times Free Press story here
Second- and third-tier lodging markets can be lucrative growth targets for hoteliers with the right strategy, according to panelists at the North America Hotel Investment Conference in Chicago. The panel recommended gauging a small-town project’s feasibility by getting feedback from nearby communities and deciding room
Officials from Major League Soccer and Washington, D.C., are trying to finalize a tax deal to help fund the $300 million needed for land acquisition and construction of a 20,000-seat soccer stadium in the District. Incentives, including property-tax and sales-tax abatements are under negotiation. The
Alberta Development Partners and Forum Real Estate Group have broken ground on the Denver-area Promenade at Castle Rock, a 1 million-square-foot, $177 million project set to open to retailers in 2015. It will consist of several design components, including a farmers market-style gateway, a trading
Parmenter Realty Partners is planning a hotel development in Dallas to include 305 rooms on property surrounding its 42-story Cityplace tower. The project also calls for the construction of 490 apartment units and 37,000 square feet of retail space. Read The Dallas Morning News (free
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