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.
Chef Danny Grant of Chicago’s Maple & Ash will open a pair of restaurants in Dallas’ new Thompson Hotel next spring. Kessaku will offer high-end sushi and a large selection of sake, and Monarch will center around modern Italian dishes cooked in a wood-fired oven.
Mexico, Malta, Italy, Spain, China, Vietnam and Qatar are among locations in the pipeline announced by Melia Hotels International. Highlighted debuts for 2021 include the 498-room Paradisus Playa Mujeres near the Caribbean Sea in Mexico and the Gran Melia Cam Ranh Bay in Vietnam, featuring
Plans for Virginia’s Staunton Mall include a partial demolition of the old mall and the creation of space for possible new retailers, offices and multi-family dwellings. Executives with Commonwealth Commercial, which is leading the project, plan to retain Dollar Tree, Belk, McDonalds, Red Lobster. Read
Miami Beach, Fla.’s South Beach will be the site of the first US property for Italian luxury hotelier Bulgari. An iconic mid-century modernist building that played host to Hollywood stars decades ago will be the site of the 100-room hotel, scheduled to open in 2024.
A new hotel is proposed for Linden Avenue in the downtown corridor of the City of Carpinteria. The 30-40 room hotel is planned to replace a parking lot next to the railroad tracks on the southwest corner of Linden Avenue and Fifth Street on city-owned
The construction industry’s fortunes continued to diverge in October, as residential construction expanded again while nonresidential construction remained largely unchanged from a month ago and is down compared to last year, according to an analysis of new federal construction spending data by the Associated General
Breaking Ground purchases New York City hotels and transforms them into supportive and affordable housing complexes for the city’s formerly homeless residents. Hotels are ideal for such projects because they can repurposed quickly and affordably. Read the Fast Company online story here
New developments are coming to downtown Las Vegas. The Plaza Hotel & Casino announced plans to continue transforming its corridor of Main Street by redeveloping the building that currently houses the Greyhound bus station. Read the KLAS-TV story here
The gross operating profit margin for US hotels rose to 11.9% in September and 17.9% in October despite flat occupancy, the fading of summer leisure travel and continuing famine in business bookings, STR reports. Gross operating profit per room in October was nearly three times
Hotel chains are fighting back against the devastation of the pandemic by beefing up customer-friendly technology, as evidenced by more versatile mobile apps and state-of-the-art audio-visual services for remote meetings. Read the Commercial Property Executive story here
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