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.
Grand Prairie may have Texas’ first Hard Rock Hotel as part of a nearly $400 million project that includes a 350,000-square-foot indoor ski slope. The hotel is expected to have 300 rooms and open by December 2017 along with the ski facility and a movie
Online menswear retailer Trunk Club has leased a 26,190-square-foot space for its first physical store on New York City’s Madison Avenue near upscale brands including Burberry and Thomas Pink. Nordstrom acquired Trunk Club for $350 million earlier this year. Read the Crain’s New York Business
Subsidiaries of Constellation Hotels Holdings have purchased The St. Regis Rome hotel for $150.7 million. The 161-room property will continue to fly the St. Regis flag and be operated by Starwood Hotels & Resorts Worldwide under a new management contract. Starwood said the deal is
Extended Stay America plans to accelerate its systemwide renovation program, aiming to finish work on its remaining nonrenovated properties in mid-2017, two years earlier than the original completion target. Read the HotelNewsNow.com story here
Site-prep work has started for the University of Notre Dame‘s $400 million Campus Crossroads project in Indiana. The stadium will be upgraded and three new buildings will be built attached to it. Construction of the 800,000-square-foot project is scheduled to begin in November, and the
Corner Bakery Cafe opened its first Idaho location with the opening of its new restaurant at 3680 East Fairview Avenue in Meridian on the south side of The Village at Meridian retail center. Read the FastCasual.com story here
Construction recently began on a new Kimpton brand hotel in downtown Palm Springs, Calif., that will anchor a $150 million downtown redevelopment project. The luxury hotel is expected to open in 2016. Read The Desert Sun story here
PwC has revised its predicted revenue per available room growth in 2015 to 7.4 percent on rebounding group demand and peaking occupancy in major markets. STR also is changing its revPAR growth projection for next year to between 5 percent and 6 percent, pointing to robust
MGM Resorts International announced the sale of the Gold Strike casino in Jean, Nev. JETT Gaming will purchase the 400-slot casino and 300-room hotel for an undisclosed price. The casino, which opened in 1987, joined the MGM portfolio in 2005 when MGM acquired the Mandalay
JPMorgan Chase wants to build a 62-story tower and a 40-story tower at New York’s Hudson Yards, for a total of nearly 4 million square feet. The $6.5 billion project would be one of the largest real estate projects in the city’s history. The new
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