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.
A slew of national restaurant chains including Red Robin and Buffalo Wild Wings have opened locations in Staten Island, N.Y., in the past 18 months, and Tim Hortons and Jimmy John’s Gourmet Sandwiches will add their names to the list before the end of the
Target Canada has launched a test heading into the holiday seasons that includes overstocking its five top-performing stores. The retailer is also implementing procedures that have proven successful at its U.S. stores to ensure that store shelves stay stocked. Read The Globe and Mail story
Host Hotels & Resorts has sold one hotel in Tampa, Fla., for $199 million, acquired a hotel in Miami for $57.5 million and purchased a stake in a Berlin hotel through its European joint venture for $102.3 million. Through the transactions, the REIT eliminated an
The Sharonville, Ohio, City Council has approved a $14 million hotel near Cincinnati’s Sharonville Convention Center. Rolling Hills Hospitality could begin construction on the 120-room hotel in the spring. Read The Cincinnati Enquirer story here
Vornado Realty‘s 1.35 million-square-foot retail center in Springfield, Va., will open to the public today after a $250 million renovation. Local officials and business leaders hope Springfield Town Center will revitalize the greater metro area. Further development plans call for 450 hotel rooms, 2,700 apartments
Two Palm Beach County, Fla., hotels have taken on new names and ownership and ushered in renovations that have upgraded their facilities or added new amenities. The Ritz-Carlton became the Eau Palm Beach Resort & Spa and brought in new programs for children, started pouring
STR reports that 3,292 rooms in 17 hotels are in the pipeline in Lower Manhattan, denoting a 35 percent increase in room count and a 30 percent increase in hotel count year over year. The development boom is a response to increased tourism in the
Lowes Foods, a North Carolina-based grocery store chain that has operated for more than 50 years, will focus on local products and “retail-tainment” thanks to a complete transformation. The grocer aims to boost the shopping experience and emphasize community with the new concepts, which the company
Encouraged by strong occupancy levels, hoteliers are expected to renew their focus on meetings and drive up corporate rates next year, according to research by the Preston Robert Tisch Center for Hospitality and Tourism at the NYU School of Professional Studies. Read the Hotel Management
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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