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.
Many U.S.-based restaurant concepts are looking to international markets for growth as the domestic scene becomes increasingly competitive. Chains face challenges to global growth, including finding the right partner, building a strong supply chain and tailoring the menu to the new market. Read the Restaurant
Construction of the $46 million AC Hotel by Marriott in the Central West End is expected to begin early next year. Read The Business Journals story here
Bellevue, Wash.-based Ascend Hospitality Group has acquired five Stanford‘s restaurants from Landry’s, which bought the units as part of its acquisition of Restaurants Unlimited. The new owner will renovate the restaurants and introduce regional menu items and decor elements. Read The Seattle Times story here
The world’s 15th Raffles hotel—and the first in North America—is coming to Boston in 2022 as the former Boston Common Hotel in Back Bay is razed and rebuilt into a 33-story tower with 147 guest rooms and a similar number of branded residences. The $400
Hilton’s luxury brand Conrad Hotels & Resorts has opened Conrad New York Midtown, a 562-key hotel in the heart of Manhattan. Designed by Stonehill Taylor, the development marks the brand’s second New York City property and follows the opening of the 360-key The Conrad Washington,
A 98-room Fairfield Inn & Suites, part of the Marriott hotel brand, is set to open at 435 Fort Pitt Boulevard, Downtown. Read the Pittsburgh Post-Gazette story here
Construction is about to get underway on a $250 million Prince George’s County development that is expected to bring more than 500,000 square feet of mixed-use to Capitol Heights. Read The Business Journals story here
Construction employment grew in 252 out of 358 metro areas between August 2018 and August 2019, declined in 60 and was unchanged in 46, according to a new analysis of federal employment data by the Associated General Contractors of America. Association officials said that while
The U.S. leads the world in the number of hotel projects in preparation or starting construction with 5,656, accounting for 40% of the global total, according to a report by Lodging Econometrics. U.S. cities with the most projects are New York City with 166, closely
Bed Bath & Beyond will shutter 40 namesake stores and 20 additional locations from its other banners by the end of the current fiscal year. The closures will allow the company to boost profitability and get the most out of its remaining fleet of stores.
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