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.
A developer is set to pitch neighbors this week on a plan for a 14-story hotel in Fulton Market. Read the Block Club Chicago story here
Starbird Chicken has raised $4 million in funding, the largest equity fundraising round from current investors and industry insiders. The self-proclaimed “super-premium fast food” chain plans to have nine locations open by first quarter of 2021. Read the Restaurant Hospitality online story here
Dominion Properties is rebuilding its capital stack for a Racine hotel development that was announced a year ago and sidetracked by the COVID-19 pandemic. Read The Business Journals story here
Caesars Entertainment has proposed adding a 340-room hotel to Harrah’s New Orleans as part a $325 million renovation of the casino. The project needs approval from the city-run New Orleans Building Corp. Read The Times-Picayune | The New Orleans Advocate story here
Sofitel Fiji Resort and Spa on Denarau Island will reopen Dec. 19 following a $45 million renovation. The resort will feature a new Kid’s Beach Club, a new adolescent zone with more than a dozen games, a new nightclub and revamped rooms, bars and restaurants.
Hyatt Hotels Corp. announced plans for 20 new hotels in Europe in its pursuit of a long-range expansion strategy for the continent. Nine hotels have opened so far this year and many in the pipeline will be in cities new to the Hyatt brand. Read
A glass tower with at least 20 floors is now poised to rise at the corner of Beale Street and Riverside Drive. If completed, the $190 million hotel would carry the Grand Hyatt brand—and bring to fruition Phase IV of the long-gestating One Beale development.
This unprecedented year makes it tough for restaurants to forecast for the year ahead, but it’s clear that tech tools and innovation will continue to be vital. Digital will drive new formats like Taco Bell‘s “Go Mobile” design and other quickserve chains, including Burger King,
Mall operators Simon Property Group and Brookfield Asset Management have completed their acquisition of JC Penney’s operating company, allowing the retailer to emerge from Chapter 11 bankruptcy protection with 690 stores in operation. The agreement allowed the retailer to gain access to $1.5 billion in
The Hilton Garden Inn opened the doors for the first time in downtown Kalamazoo during the COVID-19 pandemic. Read the WWMT-TV story here
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