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.
Development of a 108-room Aloft hotel has been proposed in Columbia, S.C. The boutique property is expected to open in 2016 with an outdoor pool, 800 square feet of meeting space and a 24-hour fitness center. Read The State story here
Madison Capital Holdings has reportedly offered to buy the Sahara Group‘s interest in the Plaza Hotel and the Dream Hotel Downtown in New York. Read the HotelsMag.com story here
Sales at fast-casual eateries are growing at a pace similar to that of quickservice and sit-down restaurants as young, high-income Millennials crave higher-quality food that is cheaper than a dine-in restaurant. Fast-casual restaurants now account for 7.7 percent of the market, up from 6 percent
The retail center of the future will be markedly different from the sprawling real estate projects of today. Technology will be infused throughout the shopping experience, such as full-body scanners that help consumers find the best fit and checkout applications that let shoppers pay in
Tremont Capital Advisors is planning to build a 205-room Hyatt Place in Orlando, Fla., which is experiencing a boom in hotel construction. Among other projects, Alena Hospitality is converting a former Sheraton and Marriott hotel into the Renaissance Orlando. The $17 million project is scheduled
California-based Carl’s Jr. is focusing on the Texas market for growth, and is considering scaling its 70 Texas operations to 300 by 2021, according to CKE Restaurants Holdings. The burger chain will build loyalty by featuring Texas ingredients such as Stubb’s barbecue sauce. Read The
Average hotel occupancy rates in June hit 71.7 percent, the highest rate for any June this century, according to STR. The new numbers beat the previous high of 71.1 percent recorded in June 2007. STR also reported the 12-month moving average of demand growth was
Forest City Washington is planning to revamp its Ballston Common shopping center in Arlington, Va., by making the enclosed center outward-facing. The company had to work around a professional hockey team’s indoor training rink as well as office space, and now has come to an
Bellevue’s Red Lion Hotel is for sale The six-acre property along the I-405 corridor is adjacent to a planned East Link light rail stop at 112 Avenue Southeast and Main Street. In selling the hotel, the company thinks it may cash in on what they
Minneapolis’ Plymouth Building will eventually become a luxury Conrad hotel. Plans describe a restaurant, bar and lobby on the first floor of the 12-story building. There are currently only four Conrad hotels in the United States. The brand is part of Hilton Worldwide. Read the
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