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 Thayer Lodging Group affiliate has purchased the 998-room Westin Diplomat Resort & Spa in Hollywood, Fla., for $460 million. Thayer also acquired a nearby parcel of commercial space for $55.5 million and an 18-hole golf course for $20 million. Read the Sun-Sentinel story here
Denny’s opened its first New York City restaurant recently, with upscale features designed to fit into its lower Manhattan location. The eatery boasts wood paneling, leather booths, a full bar and a $300 Dom Perignon brunch for two. Read the Bloomberg Businessweek story here
The “fast casual” craze has changed how consumers order and enjoy burritos, sandwiches and burgers. Pizza might be the next frontier. Fast-casual dining is an increasingly popular format that has won over consumers who tend to avoid fast-food and casual dining restaurant chains. Read the
Ann Inc.‘s new casual and loungewear concept, Lou & Grey, will roll out to six locations nationwide in the coming months as the retailer seeks to inject “novelty” into its apparel designs. Ann Inc. launched it as a house brand within its Loft stores, and
The Revel Casino Hotel in Atlantic City, N.J., began closing down following the closing of the Showboat Atlantic Casino and Hotel. The Trump Plaza will follow, shutting down Sept. 16. Read the NorthJersey.com story here
Aspen Skiing Co. is purchasing a parcel of land in Snowmass Village, Colo., with plans to build a $100 million hotel on the site. The development may also include a community facility adjacent to the property. Read the Aspen Daily News story here
Outlet centers are a bright spot in the retail sector, with developers clamoring to build. Forty-seven new outlet projects are planned for the next three years. Retailers want to be in outlet centers, which draw bargain-hunting consumers, insiders say. Read the National Real Estate Investor
A longtime upscale hotel and resort in Westmont has partnered with Hilton Hotels & Resorts. Portfolio Hotels & Resorts of Oak Brook purchased the hotel earlier this year and will manage the resort under an agreement with Hilton. Read the Chicago Tribune story here
Embassy Suites at the Chevy Chase Pavilion in Washington, D.C., is overhauling its property and as part of that, it’s created a new, homier feel for 32 of its deluxe suites. HVS Design and Jonathan Nehmer & Associates, which is overseeing the work, used cozy
Middle-tier grocers, such as the now-defunct Dominick’s, have made way for more discount retailers like ALDI and high-end ones like Whole Foods in Chicago’s changing grocery landscape. Read the WBEZ-FM story here
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