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.
Shoney’s will open its first in-mall restaurant at Sugarloaf Mills in Lawrenceville, Ga. Another first will be full liquor service. Read The Atlanta Journal-Constitution story here.
The Twin Cities will get an InterContinental Hotel this summer when the Mille Lacs Band rebrands the Crowne Plaza Riverfront Hotel in downtown St. Paul with the stamp of the international luxury hotel. Read the Star Tribune story here.
HHM is set to add two hotels in Miami and a property in Santa Barbara, Calif., to its Independent Collection portfolio. The hotels in South Miami Beach are the 70-room Winter Haven Hotel and the 75-room Blue Moon Hotel, both under the Autograph Collection and
Dunkin’ Donuts will open about 400 new stores this year, with 15 percent to 20 percent likely to launch in new markets in Western states, including California, Colorado and Texas, as the Massachusetts-based chain continues its westward migration. Dunkin’ opened 371 new stores in 2013,
Real estate investment trusts underperformed the S&P 500 in 2013, but they did have a banner year in capital-raising, the National Association of Real Estate Investment Trusts says. Listed REITs raised a total of $76.96 billion for the year, surpassing 2012’s record of $73.33 billion.
Construction is scheduled to begin on the first segment of the 50-mile Northern Beltline project in Birmingham, Ala. A federal judge turned down a request for an injunction to block the $5.4 billion project on environmental grounds, saying that the Black Warrior Riverkeeper, the environmental
Chicago is addicted to hotel rooms, especially new ones. According to a New York Times story, it is currently America’s fourth largest hotel market, but this year it’s really gaining on cities 1-3 (they are Las Vegas, New York, and Orlando). Read the Curbed/Chicago story
Target will open its first TargetExpress store this summer near the University of Minnesota campus in Minneapolis. The 20,000-square-foot store will be about one-fifth the size of the retailer’s smallest CityTarget store and is aimed at giving the chain a way to expand into more
The Global Business Travel Association predicts that spending by corporate travelers will reach $289.8 billion in 2014, marking a 6.6 percent increase from last year. The economic rebound is expected to encourage business travel this year, with the number of trips projected to rise by
Atlanta-based Moe’s Southwest Grill says it has signed a deal to bring 14 new restaurants to the Sacramento area over the next seven years, part of Moe’s first push into California. Read The Sacramento Bee story here.
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