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.
Burger 21, a Tampa restaurant chain that opened its first metro Atlanta location near the Mall of Georgia last summer, has signed franchisee deals for three more metro locations. Read The Atlanta Journal-Constitution story here
Outback Steakhouse parent Bloomin’ Brands will open as many as 60 new restaurants worldwide this year, focusing on Brazil, China, Mexico and South Korea. The company also plans to grow at home, with new menus, restaurant remodels and a particular focus on building the Bonefish
Accor has already saved $51 million since launching its cost reduction plan last year, and it remains on track to meet its goal of $100 million. Meanwhile, the company said that its decision to re-position its budget brands has created a “coherent and attractive portfolio.”
The hotel industry is continuing to expand with construction centered in the mid and upscale range, according to Smith Travel Research. As of January 2014, more than 2,900 hotel construction projects were underway, an increase of 16.4 percent over the previous January. Read the CNBC/Road
The Cromwell boutique casino will open on the Las Vegas Strip on May 21, according to owner Caesars Entertainment. The Cromwell, which features 19 suites and 169 rooms, occupies the site of the former Bill’s Gamblin’ Hall. Spots in the hotel are up for sale,
Macerich Co.’s $250 million redevelopment of Broadway Plaza in downtown Walnut Creek, Calif., is set to begin next week. The renovation, which will create a 1.1 million-square-foot luxury retail center, is expected to deliver in the spring of 2017. Read the American City Business Journals/San
AmREIT is considering more development and investment in the Houston market, following a $1 billion redevelopment of the 17-acre Uptown Park retail complex. The REIT wants to redevelop a site that now contains a Verizon Wireless store. The project reportedly could include a multifamily complex
Greensboro, N.C.-based Southern food chain Biscuitville will remodel all 54 of its restaurants, revamp its look and logo and seek out new locations for modest expansion over the next few years. The regional chain will also introduce a new “Fresh Southern” lunch menu created by
The concept of small meeting spaces at the hotel lobby is gaining ground in the lodging industry as more hoteliers recognize the potential business boost in offering “micro-meetings” areas in a relaxed setting. The lobby at the Courtyard New Orleans Downtown/Iberville features six semi-circular “media
The $3.5 billion Baha Mar resort on Cable Beach in the Bahamas is nearing completion, and is expected to open by mid-December. The project aims to become “a world-class gaming destination,” according to the article, and will consist of four hotels, convention space, a golf
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