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.
Red Robin Gourmet Burgers increased the number of new restaurants it plans to open in 2013 from 15 to 20 after announcing its 11th consecutive quarter of same-store sales growth. Read the American City Business Journals/Denver story here.
Developer MDM Group announced that it is moving forward with plans to construct a privately financed convention center and a Marriott-branded hotel in Miami after securing a contract to acquire the site of the former Miami Arena. Plans call for an investment of more than
Bloomingdale’s will enter the Hawaiian market for the first time in 2015 with a 167,000-square-foot, three-level store in Honolulu. The new store will be part of Ala Moana Center, where its parent company, Macy’s, already operates a successful store. Read the American City Business Journals/Cincinnati
Italian restaurant chain Fazoli’s will debut a new fast-casual concept that lets customers customize one of three options — a piada sandwich, a pasta bowl or a salad bowl — with proteins, sauces and toppings. The concept’s name has yet to be finalized, he said,
Food Lion’s typical 35,000-square-foot stores are smaller than those of rivals Wal–Mart, Target and ShopRite, and the chain isn’t the first choice for shoppers looking for the lowest prices, according to a Prosper Insights & Analytics survey. The retailer, owned by Brussels-based Delhaize, is widening
STR and Tourism Economics recently hosted a Market Forecast & Hotel Industry Outlook Webinar, during which they predicted that economic conditions will support the continued growth of the lodging industry. Average daily rate grew 4.5 percent in the first quarter, driving revenue per available room
Some industry observers and hospitality leaders say investment opportunities are plenty in today’s hotel environment, thanks to strong performance metrics and limited supply growth over the past few years. Read the GlobeSt.com story here.
Simon Property Group, Streetscape Partners and New England Development are planning to build an outlet center in Clarksburg, Md., according to The Washington Post/Capital Business. A contract has been signed to buy 47 acres from Adventist HealthCare to develop the 450,000-square-foot project.
Choice Hotels International plans to put forward $40 million in corporate money to help finance property-improvement plans by its hotels under the Comfort Inn and Comfort Suites brands, according to Hotel Management.
Simon Property Group, Streetscape Partners and New England Development are planning to build an outlet center in Clarksburg, Md., according to The Washington Post/Capital Business. A contract has been signed to buy 47 acres from Adventist HealthCare to develop the 450,000-square-foot project.
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