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.
Wal-Mart will spend about $451 million to expand in Canada in the coming year, with the bulk of the investment going toward 35 new or expanded supercenter stores. The move comes as Canada’s increasingly competitive grocery market heats up even further. Read The Globe and
A $12 million Courtyard by Marriott hotel project at one of the main entrances into the city may see shovels in the ground by the end of March. Read The Buffalo News story here
Bradenton, Fla.-based First Watch Restaurants has acquired The Good Egg, a breakfast and lunch restaurant chain with 20 Arizona units. First Watch operates 115 restaurants in 16 states, including three Phoenix eateries that will remain open after the acquisition. Read the American City Business Journals/Tampa
Increased development activity in the U.S. hotel market is raising concerns that supply could overtake demand in the next few years, several lodging executives said during the Americas Lodging Investment Summit in Los Angeles. Data from STR show 626 expected hotel openings in the U.S.
Miami’s strengthening economy, rebounding tourism industry and projected rise in population spurred the city to the top of list of major markets on the annual Growth 40 report from QSR and NPD Group. The city’s quickserve eateries are on track for a 16 percent traffic
Foxwoods Resort and Casino plans to pursue a $750 million casino project in Fall River, Mass. The casino and adjoining spa, hotel, restaurants and convention center would generate up to 5,000 jobs. An earlier proposal for a casino in Milford, Mass., was rejected by voters;
CIG Retail Properties has acquired a 170,739-square-foot retail center in the Dallas-Fort Worth area for an undisclosed sum. The complex, Garden Park Shopping Center, is 83 percent leased after adding nine new tenants over the past year. Read the American City Business Journals/Dallas story here
Starwood Hotels & Resorts Worldwide is looking to add 30 new properties to its North American portfolio this year. The hotel firm’s current footprint in North America is 577 hotels, which includes 33 new hotels opened in the previous year. Read the Skift/The Associated Press story
Target is planning locations for nine more stores in Canada slated to open in 2014. Five will open in former Zellers stores, while the other four will be built for the U.S. retail chain. Read The Toronto Star/The Canadian Press story here
Smoothie King Franchises Inc., is targeting Atlanta for franchise expansion. The company, which will unveil its new store design next month in South Florida, is aiming to open 25 new locations in the market over the next five years, according to a company press release.
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