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 former headquarters of Procter & Gamble in downtown Cincinnati will be converted to a 181-room upscale hotel, its new owner says. Denver-based NuovoRE pledges to invest nearly $53.5 million in the Gwynne Building and is seeking $5 million in historic preservation tax credits. Read
Structural work has begun on Walt Disney World‘s next addition to its Orlando, Florida, resort portfolio, the 900-room Reflections: A Disney Lakeside Lodge, set for a 2022 opening. Disney’s four theme parks in Orlando drew 56 million visitors in 2017, accounting for 60% of the
The U.S. Air Force has chosen 125-unit Florida chain BurgerFi to open restaurants on its bases, with the first units planned for locations in Arizona, Montana and Alaska. The chain could also bring food trucks to the Air Force Academy in Colorado Springs, Colorado. Read
Starwood Capital Group announced plans to open a new 1 Hotel in London. Read the Frequent Business Traveler story here
New renderings of the planned $250 million water park at Mall of America in Bloomington, Minnesota, has been revealed for the 250,000-square-foot water park and a 500- to 700-room hotel. Read The Business Journals story here
Furniture retailer Restoration Hardware has created a rooftop restaurant at its store in Edina, Minnesota, with an upscale menu and decor that reflects the retailer’s high-end furniture offerings. It’s the fourth restaurant for Restoration Hardware, also known as RH, whose design stores are called “galleries.”
Costco Wholesale Corp. will spend about $3 billion in its new fiscal year on capital projects including about 15 new U.S. stores—figures roughly equivalent to its recent annual building pace. Read the Winsight Grocery Business story here
Bob Evans Restaurants has been in the midst of a turnaround under its new CEO, who took the reins in 2015 and led the chain through its acquisition by Golden Gate Capital two years later. A separate sale of the branded food products arm freed
The Children’s Place will revive the Gymboree brand next year, with online sales and Gymboree-branded shops inside 200 of its stores. Gymboree shuttered all 800 of its children’s clothing stores after filing for bankruptcy protection early this year, and The Children’s Place bought the rights
Will the third time prove to be the charm, doughnut-wise? The Mall of America, that magnet for fast-food chains, has landed a Dunkin’ outlet. (Dunkin’ is the doughnuts-and-coffee behemoth that inexplicably dropped the “Donut” from its name). Read the Star Tribune story here
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