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.
Retailers Whole Foods Market and Trader Joe’s attract similar groups of customers who see the stores not just as supermarkets, but as destinations, according to two Packaged Facts reports. The two chains are rather different, however, as Whole Foods offers a large selection of high-quality,
The Schimenti Construction Company has partnered with Brazilian-based Havaianas, a manufacturer and retailer of flip-flops and other footwear, to open a new store at the Garden State Plaza. Among the 22 stores and restaurants that form the Paramus mall’s new $160 million Fashion District expansion,
Strategic Hotels & Resorts has made two significant transactions: It’s closed on the sale of the Marriott London Grosvenor Square hotel and acquired the remaining 50-percent ownership interest in the Fairmont Scottsdale Princess. Read the Hotel Management online story here
CSM Lodging has decided to develop a Hyatt Place hotel Lansing Township, Mich. The six-story, 125-key Hyatt Place Lansing hotel will sit within the Heights at Eastwood adjacent to the Eastwood Towne Center. Along with the hotel, the Heights at Eastwood will have 100,000-square-feet of
Neiman Marcus reportedly is looking to open its first New York City store, and sources said it’s close to sealing a deal for space at Hudson Yards on Manhattan’s West Side. The retailer aims to anchor the major mixed-use development’s 1 million-square-foot retail complex. Read
Hotel transactions are expected to be more attractive in 2014 amid rising interest from lenders, according several hospitality executives. RevPAR also is poised to grow 5 percent to 6 percent this year, with new supply expected to come within two or three years. Read the
Tanger Factory Outlet Centers and WS Development Associates are partnering to build an outlet center in Cheshire, Conn. Tanger already operates outlets in the state and began construction on another Connecticut outlet center in September. Read the American City Business Journals/Greensboro/Winston-Salem, N.C. story here
The BB&T building in Asheville, N.C., is set to be redeveloped to include two new hotels. Plans call for a 120-room hotel on the site of the property’s parking deck, to open as an AC Hotel by Marriott. The main building would include an upscale
Lumière Place Casino & Hotels in St. Louis has officially been sold to Tropicana Entertainment for $260 million in cash. Pinnacle Entertainment put the casino on the market as part of an agreement with the Federal Trade Commission following Pinnacle’s merger with Ameristar Casinos Inc.
Hawaii will see its first Johnny Rockets open under a development agreement between the restaurant chain and an affiliate of E.K. Fernandez Shows and Fun Factory Inc. Read the American City Business Journals/Pacific story here
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