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.
New Jersey-based art-supply retailer A.C. Moore will shutter all 145 of its stores, and Michaels will take over the leases on about 40 of the locations and acquire A.C. Moore’s intellectual property, the company said. The retailer has not yet announced a date for store
Meyer Jabara Hotels’ Cambria Hotel Boston, Downtown-South Boston is now open. The 159-room hotel, located at 6 West Broadway, is the first hotel to open in “Southie” and the second hotel to be operated in Boston by MJH; the company also owns and operates a
Shake Shack will unveil a downtown New Orleans flagship early next month, its third restaurant in the area. The French Quarter restaurant’s menu will include local beers and baked goods in addition to the brand’s signature burgers. Read The Times-Picayune story here
Hotel Distil opened in late October on Louisville’s Whiskey Row, the first of Marriott International’s Autograph Collection Hotels in Kentucky. Read the Hotels Magazine online story here
Peachtree Hotel Group is seeking to build a 143-room Hampton Inn by Hilton in downtown Delray Beach. Read The Business Journals story here
L&L Holding Company, Maefield Development and Fortress Investment Group have begun the demolition of the former DoubleTree Hotel at the corner of 47th Street and Broadway to clear the way for their new 550,000-square-foot, 46-story hotel located at 1568 Broadway called TSX Broadway. Read the
Chef Jose Andres will open a location of his plant-based fast-casual concept Beefsteak at Northwestern University‘s Feinberg School of Medicine campus in Chicago this fall. Andres also plans to expand his upscale tapas concept, Jaleo, to the city next year. Read the Restaurant Business online
A Courtyard by Marriott hotel is being proposed as part of a 31-story, mixed-use tower in Miami’s Arts & Entertainment District. Read The Business Journals story here
The year’s final forecast revision by STR and Tourism Economics lowers RevPAR growth projections for US hotels to below 1% for 2019 and 2020, the weakest since the last recession. Decreases for 2019 are foreseen for 14 of the top 25 markets. Read the Hotels
The first hotel in the $4 billion Miami Worldcenter mixed-use project has broken ground: the trendy citizenM. Read The Business Journals story here
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