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 90-key, four-story Holiday Inn Express by InterContinental Hotels Group hotel has opened in Midland, Texas. The 55,200 square foot select-service hotel was constructed by Lubbock-based Greenstreet Inc. The hotel is owned and managed by Insignia Hospitality Group, based in Midland, Texas. Mayse & Associates
Sales of hotels in San Francisco are up 133 percent in the first half of 2014, compared with the same period last year, totaling $500 million, according to Atlas Hospitality Group. The top sales included South of Market’s 199-room Hotel Vitale, for $133 million, and
Fe Equus Development and the Aparium Hotel Group have proposed the conversion of the historic Jackson Building warehouse in Minneapolis into a 120-room hotel. Fe Equus and Aparium, which bought the site in July for $4.6 million, will apply for historic tax credits to help
Yoga and athletic wear retailer Lululemon Athletica will open its first men’s store in New York City’s Soho neighborhood, one of 47 new locations the Canadian company plans to open this year. The shop will sit across the street from a new Lululemon women’s store.
The hotel industry is bullish on the future and is responding to strong growth in travel by expanding facilities and constructing new ones. Read the Hotel Management online story here
CBL & Associates are planning an additional expansion to the Volusia center in Daytona Beach, Fla., following its $5 million renovation. The REIT is considering adding a number of restaurants in front of the retail center, a project with a working title of “Volusia Mall
Millennials’ visits to quickservice restaurants dropped 20 percent this year, but the youngest adult generation isn’t the only one increasingly trading fast food for fast casual, according to Brand Keys. Baby boomers and Gen X consumers also cut their visits to quickservice chains, and all
Wal-Mart will rename all 21 of its Walmart Express stores with the Neighborhood Market banner, and all planned future Express stores will open with the Neighborhood Market name. Express stores are about a third of the size of the 38,000-square-foot Neighborhood Markets, but carry a
Washington, D.C., suburbs in Virginia and Maryland are attracting more retailers, with many taking large leases because of the greater availability of space and lower rents, according to CoStar. Roughly 1.44 million square feet of retail space are under construction in the suburbs of the
Retro burger chain Johnny Rockets will create four different concepts under the new Johnny Rockets Route 66 brand, including a drive-in movie concession in partnership with film distributor USA Drive-Ins. A drive-thru footprint, a food truck and a dinner-and-a-movie pop-up concept are also in the
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