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.
The travel industry has been severely affected by the pandemic, including the lodging/resort REIT sector, but measures to reduce risks of infection have allowed hotels to continue reopening, and occupancy has begun to rise in recent months. Read the Nareit story here
McShane Construction Company was selected by Impact Seven to provide design-assist construction services for The Trotta Apartments. Located in Middleton, Wisconsin, the new development will feature 126 apartment units. Situated on a site that previously housed a motel owned by the Trotta family for many
A new and unusual downtown hotel is set to open next spring as the “Farnam” — a name intended to stoke a spirit of adventure yet classic Omaha. Read the Omaha World-Herald story here
Kroger‘s Pacific Northwest banner Quality Food Centers is building on a successful restaurant partnership it began with the Tutta Bella pizzeria chain earlier this year, adding a second location at a high-traffic store in Seattle. The latest opening will feature a specially designed counter space,
Papa John’s is considering a plan to sell some of its 600 established company-owned units to prospective franchisees, which would give new operators a starting point for growth. The pizza chain, which saw same-store sales rise 24% last quarter, is also planning to add new
Mount Airy officials now seem more enthused about the prospects for redeveloping the former Spencer’s industrial property than they have in some time, due to a potential hotel project. Read The Mount Airy News story here
After more than a year and a half of continuous construction, the Radisson Hotel and Conference Center Green Bay has had a full $23 million face-lift. Read the Green Bay Press-Gazette story here
An asset purchase agreement is in place involving JC Penney, Simon Property Group, Brookfield Asset Management and most of the retailer’s first lien lenders. Simon and Brookfield will acquire practically all of the department store brand’s retail and operating assets. Read the Reuters story here
Hunt Realty is looking to build an 11-acre development north of downtown Dallas and will pursue city approval, according to The Dallas Morning News. The Field Street project will include hotel towers, retail, offices and residences as well as green space covering 1.5 acres.
A unique hotel concept that has been under construction for a while in a Memphis suburb is almost ready to serve the public. Read The Business Journals story here
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