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 105-year-old Clift Royal Sonesta Hotel has had quite the makeover. The hotel, which sits just a couple blocks down Geary from Union Square, closed its doors to guests in September 2019 for renovations to its guest rooms, lobby and the famous Redwood Room. Read
An IKEA store being built in Vienna was specifically designed to function without parking spaces, and the building will also host other businesses and a tree-lined public roof park. Read the Fast Company online story here
A $3.8 million Hilton brand hotel is close to opening across the Hernando de Soto Bridge. The 81-room Tru by Hilton West Memphis — located at 1400 N. 18th St.—is expected to open in late February. Read The Business Journals story here
The recent gala opening of the 205-room Hotel Distil stamped a resurgence of downtown Main Street in Louisville, Kentucky and its historical stretch known as Whiskey Row. Mostly a new-build, the Marriott Autograph Collection hotel preserves the facades of two 19th-century bourbon business structures. Read
The historic Charles A. Koeffler Jr. House at 817-819 N. Marshall St. in downtown Milwaukee will open in May as the Dubbel Dutch, a 17-room independent boutique hotel. Read The Business Journals story here
Contrary to popular assumptions, malls aren’t dying; they’re increasing in number and staying occupied, and five malls in Florida, Nevada, Minnesota, Pennsylvania and California are proof. Successful retail centers are offering more entertainment and service options and, in some locales, developers are adding adjacent residential
Construction is expected to begin soon on an $80 million shopping center, Monroe Pavilion, in suburban Atlanta. MAB American Management has lined up Publix, Marshalls, Rack Room Shoes, Ross and other tenants for the 350,000-square-foot project that is expected to be complete by summer 2021.
Forty Bed Bath & Beyond stores are on the chopping block. The New Jersey-based home goods retailer, which also operates buybuy Baby, Harmon Face Values and World Market, will close stores in 19 states and Washington, D.C. Read the USA Today
Fast-casual Indian chain Curry Up Now won venture capital funding this month from Liquid 2 Ventures, a firm that includes former NFL star Joe Montana. The nine-unit California-based chain began as a food truck in 2009, and it will use the new funding to accelerate
December saw growth in all three principal performance metrics for US hotels, STR reports. Occupancy bumped up only 0.6%, while average daily rate increased 2% and revenue per available room 2.6%. Read the Hotel News Now story here
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