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.
Red Robin Gourmet Burger has completed the acquisition of 32 Red Robin franchised restaurants in the United States and Canada, for approximately $40 million from Mach Robin LLC and Mach Robin LLC’s Canadian affiliate. Read the ChainStoreAge.com story here
The Lake Erie waterfront in Cleveland could be getting a new life now that a $700 million mixed-use project has been approved by the City Council. The three-phase project planned by Trammell Crow and Cumberland Development would involve construction of office and retail space, over
Extended-stay guests are getting more amenities and richer service at New York luxury hotels. For example, when Marmara Park Avenue opens in August, it will feature penthouse suites, terraces, and apartment-like configurations for longer-term guests. Read the Travel Weekly story here
Loews Hotels & Resorts has finalized its purchase of the 255-room Graves 601 Hotel Wyndham Grand in Minneapolis and has renamed it the Loews Minneapolis Hotel. Real estate filings show that the property was sold for $65 million. Read the Commercial Property Executive story here
Construction of a 210-room AC Hotel by Marriott in San Jose, Calif., is slated to begin next month. The boutique seven-story hotel would be AC Hotels’ first property in California. Read the American City Business Journals/San Jose, Calif. story here
Restaurant veteran Phil Romano has launched his Dallas-based concept Potato Flats, a new fast-casual restaurant that serves flattened potatoes topped with meat, veggies and other toppings. Customers can pick and choose from a long list of toppings or opt for a suggested combo such as
Michigan-based Taubman Centers will invest $905 million to build three new U.S. malls, serving what the company says are underserved markets. The Mall at University Town Center will open this fall in Sarasota, Fla., with anchors Dillard’s, Macy’s and Saks Fifth Avenue. The new centers
Denver’s Office of Economic Development will invest $200,000 to launch the new Retail Attraction Program, an effort to boost jobs and sales tax revenue. The program will focus on bringing new retailers to the market and supporting existing small- and medium-sized merchants that want to
Kroger‘s organic recycling programs are in 988 stores, and the company has achieved zero-waste goals at 27 of its 38 manufacturing facilities, according to a sustainability report released Tuesday. Kroger says it has also reduced energy use by nearly 35 percent since 2000 and has
Dalian Wanda Group has acquired a 90 percent interest in a $900 million hotel and residential skyscraper in Chicago, marking the Chinese real estate firm’s first step into the U.S. lodging market. The project will include a Wanda-branded luxury hotel with 240 rooms, a commercial
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