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 are proposing a mixed-use project that includes a hotel, offices and residences on the 98-acre site of Phoenix’s oldest indoor shopping mall. Kimco, the current owner of Christown Spectrum, plans to seek approval for the redevelopment of the mall, which opened in 1961 as
The affiliate of Starwood Capital Group, SH Hotels & Resorts, plans to open its Treehouse Hotel in Miami in 2023. This will be the brand’s first US location. Read the GlobeSt story here
Chains including KFC, Smashburger and Burger King have either already begun testing food lockers at some locations or will incorporate the features into new restaurant designs. Heated or cooled lockers keep contactless orders at the proper temperature until customers open them with a code and
Lowe’s reported a surge in revenue of more than 24% last year as its e-commerce efforts ramped up and the popularity of new categories like toys and workout gear resonated with consumers during the pandemic. The chain, which began as a single small-town hardware store,
Dick’s Sporting Goods plans to unveil a new 100,000-square-foot store prototype, Dick’s Sporting Goods House of Sport, next month in Rochester, New York, according to The Wall Street Journal. The retailer reported a 20% jump in fourth-quarter sales and a 10% same-store sales increase for
Shake Shack will raise $225 million from private investors by issuing convertible notes, which will mature in 2028 and be converted into cash and/or company stock. The chain will use the money for projects including opening new units and developing new formats. Read the Restaurant
Target is reportedly one of a list of companies considering a move into the soon-to-be-vacant Macy’s department store on Chicago’s iconic Magnificent Mile, a district traditionally known for high-end retailers and brands. Macy’s plans to vacate its 323,812 square feet that span all eight floors
Ohio malls are following a national trend by filling empty stores with entertainment venues to attract consumers. The Mall at Tuttle Crossing in Columbus opened a 225,000-square-foot amusement area with rides and an arcade in a former Macy’s location and Southern Park Mall in Boardman
Steak n Shake, the family dining restaurant turned fast-food burger chain, is reopening many of the locations it temporarily closed at the outset of the pandemic. Read the Restaurant Business online story here
Off-price retailer Burlington Stores is looking to open 100 new stores this year and sees potential growth from its current roster of more than 750 stores to about 2,000 in the future. The retailer is planning a smaller format to take advantage of real estate
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