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.
London’s famed, 136-key Ritz hotel — including the land and an adjacent building that would allow for expansion—is on the market and could bring in as much a $1 billion. The billionaire Barclay brothers are pitching the sale to a select group of global investors,
Hard Rock International’s effort to bring a casino and live entertainment venue to Rockford, Illinois is drawing investments from some pillars of the community. Read the Casino story here
A 156-room hotel with trackside suites and 5,500 new spectator seats are featured in a $300 million renovation of Churchill Downs scheduled to begin this month. State approval is still needed for the Kentucky Derby site project, which operators hope to finish by the end
A project that will add more space at one of International Drive’s major convention hotels is nearing a groundbreaking. Read The Business Journals story here
The new-build Canvas Moncton in New Brunswick, Canada, is the latest addition to the Tapestry Collection of hotels, and the 97-room property celebrates the “eclectic, multicultural” city of Moncton and hosts the ale-filled Gahan House pub and the interactive-dining Experience by ANBL. Tapestry is a
Eden Rock, a popular luxury resort in St. Barts, will reopen its doors on Nov. 20, for the first time since Hurricane Irma barreled through the Caribbean two years ago and left hundreds of hotels on St. Barts and nearby islands destroyed and inoperable. Read
Walgreens Boots Alliance will open 30 or more smaller-format urban stores that will focus on wellness, pharmacy sales and over-the-counter health products. The retailer has opened about 20 of the smaller stores thus far and has 10 to 20 more under construction. Read the Forbes
Dressbarn will start liquidation sales on Friday with plans to close all 544 locations by the day after Christmas. Retail Ecommerce Ventures has acquired the intellectual property rights to the brand from Ascena Retail Group, and it plans to roll out a revamped Dressbarn e-commerce
With an expansion underway, a gated Isle of Palms getaway plans to add guest rooms and revamp the visitor experience at its existing accommodations. Read The Post and Courier story here
Third-quarter commercial real estate sales volume dropped 6% year over year to $151 billion, according to Real Capital Analytics. However, sales volumes increased in the industrial and hotel sectors compared to the same period in 2018.
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