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.
Albertsons has expanded its partnership with Takeoff Technologies to improve its online grocery service with new microfulfillment centers. A pilot program will roll out to a Safeway store in San Jose, California with the microfulfillment centers making use of artificial intelligence-enabled robots to assemble orders
WhyHotel, a startup that opens temporary hotels in recently constructed luxury apartment buildings, raised $20 million as it seeks to move into new markets in the US. Read the VentureBeat story here
Verizon is entering the second phase of a $1 billion mixed-use development being built across from an office campus near Dallas after the company and a developer reaped $584 million from sales of the first part of the project, according to The Dallas Morning News.
Tropical Smoothie Cafe has signed two franchisees that together will open 38 units in Colorado. The Atlanta-based franchiser has about 700 units, including five in Colorado and two more under construction there. Read The Business Journals story here
Wegmans is investing $175 million to construct a full-service regional distribution center in Ashland, Virginia, according to a press release emailed to Grocery Dive. The facility will create 700 jobs. Read the Grocery Dive story here
A product-fulfillment center will move in to part of a former Macy’s store at Moorestown Mall in New Jersey. The center would supply Anchor Shops and is expected to open by mid-year 2020. Read the Courier-Post story here
A new concept, Flip’d by IHOP, is set to debut in the spring with a smaller format than the brand’s traditional restaurants. Flip’d will make its entry in Atlanta with a build-your-own pancake bar, breakfast burritos and bowls, and grab-and-go wraps. Read the Forbes story
The fast-casual segment blossomed in the wake of the 2008 downturn as retail closures freed up real estate and novel concepts attracted diners looking for budget-friendly fare. Today, the industry is still growing, albeit more slowly, and successful concepts are finding ways to stand out
Marriott International has continued its expansion into the all-inclusive resort sector with acquisition of Barbados-based Elegant Hotels Group. Marriott plans to renovate all seven of the group’s hotels and sell them while keeping the management contract. Read the Frequent Business Traveler story here
The Drury Plaza Hotel Orlando Lake Buena Vista at Disney Springs will make the first phase of its debut in spring 2021 in time for Walt Disney World‘s 50th anniversary, the developer announced. The 14-story, 604-room tower carries an estimated cost of $28 million. Read
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