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.
Florida-based burger chain BurgerFi plans to merge with investment company Opes Acquisition Corp., which will ultimately take BurgerFi public. The 125-unit chain expects the deal to close by fall, after which shares will trade on the Nasdaq Stock Exchange. Read the Restaurant Business online story
Projects will require more agility than before as restrictions, market conditions and working capital levels fluctuate due to the coronavirus pandemic, according to McKinsey. As a result, project owners must not only develop contingency plans for disruptive events, but also protect against on-site virus transmission
Hotel officials say adopting inventive approaches to meeting space can help ease companies in to using hotels for business again. Hybrid meetings that blend interactive sessions with live streaming are one option, as are unexpected uses, such as a university renting meeting space for virtual
Guess? Inc. plans to close about 100 stores worldwide, or about 9 per cent of its network, joining retailers across the world that are rethinking their store fleets as customers return to shops after the coronavirus shutdown. Read the BNN Bloomberg story here
Delivery-only restaurants are raising the bar with upscale menus and thoughtful packaging as more diners turn to takeout and delivery during the coronavirus pandemic, and the trend will keep growing, experts say. Read the Robb Report story here
A new hotel and office space are part of the second phase of Ovation in Newport. A 125-room Homewood Suites by Hilton and roughly 100,000 square feet in prime office space were announced last week by Covington-based developer Corporex. Both are in the final stages
Hotel June is taking over the space of the former Custom Hotel at 8639 Lincoln Boulevard in the city’s Westside neighborhood. Read The Business Journals story here
Choice Hotels International has opened the Cambria Hotel St. Petersburg—Madeira Beach Marina. The five-story property represents the brand’s third location in Florida, joining the Cambria Hotel Ft. Lauderdale Airport South & Cruise Port and the Cambria Hotel Miami Airport—Blue Lagoon. Read the Commercial Property Executive
In a bid to generate cash flow during the pandemic, wineries are teaming up with restaurants, hotels and retailers to offer consumers unique deals. Sonoma’s MacArthur Place Hotel & Spa worked with 10 local wineries on a Sip Now, Stay Later offer that included a
Forever 21 parent Authentic Brands Group will switch to a licensing model in Mexico with new partner IB Group, according to Women’s Wear Daily. IB, which also operates Aeropostale stores in Mexico, will take over operations of Forever 21’s 37 stores in the country and
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