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.
Two of the 30 DSW stores slated to open this year will test a format that’s about half the size of the typical 22,000-square-foot store. Read the American City Business Journals Ohio story here.
Wingstop served up one of its busiest growth months in company history. The concept opened 10 stores in August alone, which comes on the heels of a 10.3 percent increase in same-store sales in the second quarter. Read the QSRMagazine.com story here.
H&M plans to build its largest global store in New York’s Herald Center, located across the street from Macy’s. The 63,000-square-foot, four-level flagship will open in fall 2014. A modern 300-foot wraparound glass façade will replace the black glass covering the exterior of the first
Subway is all about milestones these days. The company recently opened its 40,000th restaurant location at an AppleGreen gas station in Ipswich, England. With more 1,761 new locations around the world, Subway operates more than 9,000 non-traditional locations worldwide – 4,500 in gas stations. The
North Miami Beach is getting a new hotel. In a unanimous decision on Tuesday, the city council gave the green light for a 10-story, mid-range Hyatt hotel to be erected along West Dixie Highway. Read The Miami Herald story here.
Fast-casual eateries continued their national expansion in the year ended May 30, with the number of eateries such as Panera, Chipotle, Noodles & Co. and Wahoo’s Fish Taco growing 7 percent, according to NPD Group. Nationally, there are now five fast-casual units for every 100,000
Le Méridien‘s first hotel in Columbus, Ohio, is in development as part of a mixed-use project. The property is expected to open in 2015 with 135 rooms and nearly 8,000 square feet of meeting space. Read the Travel Weekly story here.
Hyatt is in talks to sell the 501-room Hyatt Regency Santa Clara in California. The property’s price tag is reportedly in the range between $90 million and $100 million. Sources say Inland American Lodging Group is the highest bidder for the hotel. Read the American
Nordstrom has paid $102.5 million for the site of its future New York City flagship, a seven-story department store that will anchor an 88-floor residential condominium tower. The tower is slated to be 1,550 feet tall, which would make it taller than the 1,454-foot-tall Empire
The Four Seasons has Nashville on its radar. Nashville real estate investor Mark Bloom recently met with the head of development for the Canadian-based hotel company, showed him a tour of the city and filled him in on Nashville’s hotel and development market. Read the American
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