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.
Developers have broken ground on Twenty Two Liberty, a 14-story, glass-clad luxury residential tower that will be home to 118 condominium units ranging in size from one bedroom to three-bedroom penthouses with views of the water in Boston’s Seaport District. The project will rise on
Walgreens‘ acquisition last year of 45 percent of Switzerland-based Alliance Boots for $6.7 billion, with an option to buy the balance of the company by 2015, is helping establish the U.S. chain as an international player, analysts say. Read The Wall Street Journal story here.
Snooze is set to debut in Phoenix in November. It will be the Denver-based breakfast chain’s first store in Arizona and its third out of Colorado. Read the American City Business Journals/Denver story here.
A groundbreaking ceremony was held for a planned 100-room luxury hotel in Bell Gardens, Calif. The property is expected to finish construction early in 2015 and open as the Bicycle Casino Hotel with amenities that include two restaurants, 15,000 square feet of event space, a
Blackstone Group has pledged to invest more than $100 million in renovations to the Hyatt Regency Waikiki Beach Resort and Spa in Hawaii. Blackstone purchased the leasehold on the 1,230-room property for $450 million earlier in 2013. Renovation work is expected to begin next year.
Guests don’t choose hotels on the basis of the properties’ environmentally friendly practices, a new report by Cornell University’s Center for Hospitality Research says. The study found some guests favor hotels with green practices, but others may worry that such a philosophy causes the hotel
Sears Holdings is exploring the idea of spinning off its Lands’ End and Sears Auto Center businesses to focus on its namesake and Kmart stores. Lands’ End would likely become a separate company owned by existing Sears shareholders, while the retailer would explore its options
A retractable roof will top the new $1.2 billion Atlanta Falcons stadium, according to this article, which includes a slide show of the renderings. The “first-of-its-kind” structure will have eight panels traversing along octagonal tracks. In addition, seats are absent in part of the stadium
In midsize cities such as Tucson, Ariz., Kansas City, Mo., and Cincinnati, construction of streetcar projects has spurred development in surrounding areas. Read the StreetsBlog.org story here.
Under Armour launched its Brand House retail concept in Baltimore earlier this year and it plans to expand into more markets including New York City. Under Armour, which has four other specialty shops, will open shop in Manhattan’s SoHo neighborhood in the spring. Read The
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