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.
Doral, Florida-based Cool Holdings has bought tech retailer Simply Mac from parent GameStop. Salt Lake City-based Simply Mac, the country’s largest Apple Premier Partner and an authorized Apple reseller, operates 41 stores in 19 states. Read The Business Journals story here
A Hilton Hotels & Resorts brand may grace a 14-story, 541-room hotel at the Hartsfield-Jackson Atlanta International Airport in 2022. The $350 million project, which may break ground by year’s end, would include conference and meeting space and a ballroom. Read The Business Journals story
Pier 1 Imports is still shrinking. Sales declined more than 14% this summer while it posted a $100 million second-quarter loss after cutting prices to sell off slow-moving merchandise. Read The Dallas Morning News story here
The Wynwood Art District in Miami is close to having its first hotel after the site of a proposed Moxy Hotel was purchased for $11 million. Read The Business Journals story here
Former Gap CEO Mickey Drexler dreamed up Old Navy 25 years ago to sell fashions that were less expensive than Gap styles but still of good quality—and to do it with a dash of whimsy. Read the Fortune story here
Virgin Hotels plans to build a 40-story, 250-room hotel in its hometown of Miami, a site that will be the first in South Florida for the chain. Groundbreaking is scheduled for 2020 for a 2023 debut. Read the The Business Journals story here
Malls are moving away from traditional retail anchors toward nontraditional tenants including go-cart tracks, libraries, municipal offices and health clinics. Often, the nonretail tenants can drive new traffic to mall stores. Read the American Public Media/Marketplace story here
A third high-end hotel reportedly is in the works at Universal Orlando Resort’s future Epic Universe—a proposed 800-acre theme park resort that will have a major economic impact on Central Florida. Read The Business Journals story here
Some developers are using vacant big box stores as incubator spaces for local artists and craftspeople or bringing in a food truck-style eating area to draw in customers. Others are filling in the blanks with medical clinics, offices and housing. Read The Daily Record story
The vacant one-acre lot at 6747 Collins Ave. in Miami Beach is planned for a 200-room hotel tower, a 240-seat restaurant and a new retail concept. Read The Business Journals story here
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