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 Krispy Kreme doughnut chain said it will open six new restaurants in New York City this year, and also said it will open its Times Square location in May. In addition, the Winston-Salem, North Carolina-based national chain said it will reopen its Penn Station
A major renovation is planned for the Village Mall in the historic Farmington State Savings Bank building. Its new owner GLP Financial Group plans to turn the Farmington, Michigan property, built in 1921, into its headquarters. Read The Oakland Press story here
Walgreens Boots Alliance is betting on cost-cutting measures to provide the means to invest in partnerships and future growth. Walgreens has already invested about $800 million in digital initiatives and has struck partnerships with companies including Kroger, Humana and UnitedHealth. Read the Forbes story here
Southeastern Grocers, the parent company of Winn-Dixie, acknowledged it is considering acquisition of some of the real estate made available by Lucky’s Markets in Florida. The move, confirmed by a spokesman who offered few other details, would make Winn-Dixie the third grocer to join the
Hilton has added a Key West, Florida hotel to its Curio Collection flag. The upper-upscale Reach Key West joined the brand, which includes nearly 80 properties worldwide, following multimillion-dollar renovations. Read the Commercial Property Executive story here
Hyatt expects to open almost 200 more hotels in the Americas region by 2022, with some locations in the US and others in countries including Canada and Mexico. The growth “signals strength in our brand among owners, customers, and guests across the largest region within
About 62% of US consumers said they prefer to dine out at a restaurant while just 34% opt for takeout or delivery, according to a survey by Vixxo, a facilities management firm. Food quality is the top factor when choosing a restaurant, and 51% choose
The Esquire Hotel is welcoming its first guests in Gastonia. That boutique hotel is located in the historic Lawyers Building at 168 Main St. The 20,000-foot-building—first a bank, then a home for lawyers—was completed in 1917. Read The Business Journals story here
Direct-to-consumer brands including Casper and Allbirds have been expanding their presence in brick-and-mortar retail, creating stores that often act as showrooms and spur growth in online sales. Multibrand concepts like Re:store, Neighborhood Goods and Showfields provide DTC startups with a place to test the physical
After 66 years, the one-time Medical Towers Building in the Texas Medical Center has found a new calling. Houston-based Pearl Hospitality has reimagined the historic building as a hotel, teaming with Westin Hotels & Resorts to create The Westin Houston Medical Center. Read The Business
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