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.
Buffalo Wild Wings will make a saucy debut in Times Square, which marks the chain’s first Manhattan location. Read the Daily News story here.
Bill Townsend, an existing Captain D’s franchisee, has recently committed to adding four additional locations in Alabama and Tennessee. The new agreement calls for the development of four new restaurants to open within the next five years. Townsend Foods will be expanding the additional units
Burger 21 is a three-year-old fast-casual “better burger” concept that has taken lessons from rivals’ earlier efforts and aims for steady franchise growth. The menu includes 10 beef and 10 non-beef burgers, as well as one rotating monthly special. The chain, created by the company
Shake Shack, which as drawn lines of customers everywhere it has opened, from Manhattan to Washington, D.C. to Istanbul, plans to open a unit in Paramus, N.J. Read the NorthJersey.com story here.
Country Inns & Suites is preparing to roll out the results of its latest brand overhaul, which features aesthetics and room amenities aimed at the lucrative millennial travel market. The design refresh includes linear furniture and more neutral color tones. Read the Star Tribune story
As millennials cope with tight budgets by making more meals at home, consumers age 55 to 64 averaged 220 restaurant visits each last year, more than any other age group, according to NPD Group. The trend has restaurant chains modifying everything from marketing and menus
Developer Whitson Properties says it is preparing to begin construction of a 101-room hotel in Findlay, Ohio. The property is expected to open July 1, 2014, under the Hilton Garden Inn brand. Read The Blade story here.
The Four Seasons Resort Hualalai in Hawaii has secured a $225 million loan from Starwood Property Trust. The loan replaces a $176 million loan that was sent to special servicing when it matured in June 2012. The mortgage includes two one-year extensions and has a
Family Dollar stores have continued to gain market share in the years since the recession, but the retailer lowered its profit outlook this week for the third time in a year, saying its lower-income customers are buying fewer high-margin discretionary items. Read The Wall Street
Value Place says it has targeted the Denver metro area for the development of nine new extended-stay hotels. Read The Denver Post story here.
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