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.
Off-price retail stores continue to do well despite turbulence in the broader retail environment, and major players in the space are adding stores. Read the National Real Estate Investor online story here
The locally owned Chando’s Tacos is opening a location in East Sacramento, marking another step in an ambitious expansion plan by the chain’s founder. Read The Business Journals story here
Balfour Beatty will lead construction of a 100,000-square-foot health and training center for the Orlando Magic. The contractor and the basketball team are also part of a team building a mixed-use project in Orlando, Florida that is worth more than $500 million and features a
Efforts to construct a Southern Living-branded hotel alongside the Black Warrior River are moving along. Read The Tuscaloosa News story here
The Midland City Council plans to vote on the authorization of a tax abatement agreement with a developer seeking to bring a Residence Inn by Marriott to downtown. Read the Midland Reporter-Telegram story here
Landry’s owner Tilman Fertitta’s Golden Nugget business has bid $50 million to buy upscale steakhouse chain The Palm in a bankruptcy court auction scheduled for today. Fertitta’s offer is a so-called “stalking horse” bid, and other suitors will be able to compete. Read the Restaurant
Opening smaller and cheaper-to-operate stores, along with expanding into new markets, is helping Sprouts Farmers Markets boost its bottom line, and the grocer said it plans to open 20 stores in 2020, adding to the 340 it already operates in 22 states. Read the Supermarket
The 61-unit Smokey Bones Bar & Fire Grill barbecue chain is aiming to broaden its sales network through the launch of two “virtual” delivery-only concepts, Wings Experience and Burger Experience, now available in 30 locations. Read the Restaurant Business online here
Trader Joe’s is no stranger to innovative moves when it comes to locating its stores, and it appears the California-based grocer could soon move into a historic spot under the Queensboro Bridge in New York City. The space at East 59th Street and First Avenue,
Construction has begun on a $35 million redevelopment project at Metro Mall in Miami. The mall, owned by Time Century Holdings, is expected to reopen in the spring of next year with a three-story atrium, valet parking, a security system and a new facade. Read
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