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.
The Texas Central Railway has plans to build a high-speed rail connecting Houston and Dallas, modeled after the Japanese Shinkansen bullet train. With safety and environmental impact studies underway, Lawless says the $10 billion project is being privately funded, will not accept federal subsidies and
Tempe, Ariz., is undergoing a spurt of high-density development. About $1.5 billion worth of projects have been built or are being planned for the city. Among the big-ticket items are the $600 million office complex for State Farm, the $350 million USA Place housing development,
Cincinnati-based Penn Station East Coast Subs has signed a franchisee to open up to 10 shops in the Chicago market. The Windy City has proven attractive to sandwich chains, and several including Potbelly, Jimmy John’s, Subway, Jersey Mike’s and Firehouse Subs have an established presence.
Summer vacation spending is expected to increase 20 percent over the previous year to a record $100 billion, according to the Allianz Travel Insurance Vacation Travel Index. The survey found that 52 percent of Americans expect to take a vacation this summer. Travelers between 35 and 54
Melia Hotels International is targeting an increasingly segmented customer base with four new Sol Hotels and Resorts brand concepts. They include the family-friendly Sol Hotels, theme park-stay concept Sol Katmandu Park & Resort, the millennials-focused Sol House, and the oceanside Sol Beach House. Read the
Wisconsin-based Culver’s will open its first restaurant in Chicago, in a neighborhood near Wrigley Field. The urban location won’t have a drive-through, but it will have a window on the front to serve the late-night crowd. Read the Chicago Tribune story here
Carey Watermark Investors has purchased the 256-room Boca Raton Marriott at Boca Center in Florida for an undisclosed sum. The hotel is set to be renovated in a $7 million project. Read the GlobeSt.com story here
The old Federal Reserve Bank of Kansas City in Kansas City, Mo., reportedly is being eyed for acquisition and eventual conversion into a hotel building. Denver-based Developing Equities Group plans to redevelop the structure’s main tower into a 301-room branded hotel and its annex into
Maryland-based Thayer Lodging Group, purchased recently by Brookfield Asset Management, is plotting a course for acquisitions, mainly single-asset buys of at least $100 million. In the next 18 months, the company expects to buy about $1 billion in real estate, primarily in major U.S. coastal
Universal Orlando Resort, Walt Disney World Resort and Legoland Florida are opening new hotels. Universal’s Cabana Bay Beach Resort launched its first wing in March but the hotel will be finished this month. Four Seasons Resort Orlando will be unveiled at Disney World on Aug.
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