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 vigorous post-Great Recession growth in the U.S. hospitality industry will continue but with definite slowing, according to STR. The firm cites several metrics, including the fact that demand is running even with supply after a decade of outpacing it. Read the Hotel News Now
Suburban malls in Illinois are working to keep up with a changing retail landscape, with Stratford Square Mall re-purposing its lower level into a brewery and planning to convert a space where Macy’s once stood to a Woodman’s Food Market. Read the Daily Herald story
Clifton Hill’s collection of restaurants and attractions has a new neighbor. Canadian Niagara Hotels Inc., corporate sibling of American Niagara Hotels, has opened the Niagara Distillery & Restaurant. Read The Business Journals story here
Boxpark, a UK-based retail concept built out of revamped shipping containers, will launch 10 new projects in the next five years. Three Boxparks have opened in Britain since 2011, and the company is planning new office and food hall concepts dubbed BoxOffice and BoxHall, respectively.
Developer Remington Nevada is planning to build a Spanish-style outdoor shopping center in Boulevard Mall‘s parking lot in Nevada. The new Boulevard Plaza would take up 17 acres and will include the property’s vacant Sears building and Sears Auto Center. Read the Las Vegas Review-Journal
McDonald’s has launched a tech-enabled takeout-only concept called McDonald’s to Go in London, and it is the first of many that are slated to open. The eatery features a pared-down menu and minimal decor, and customers order and pay via touchscreens. Read the Business Insider
Banana Republic will debut a women’s fashion rental service called “Style Passport” next month, which will let subscribers rent up to three garments per month for a fee of $85. Style Passport subscribers will have about 100 items to choose from, with the option to
Minneapolis’ City Council voted earlier this month to prohibit construction of new drive-thru lanes as part of the city’s goal to reduce vehicle noise levels and cut greenhouse gas emissions by 80% over the next three decades. The measure doesn’t apply to drive-thrus that already
Cape Cod Mall is welcoming a 46,000-square-foot Dick’s Sporting Goods to Hyannis, Massachusetts next summer. In addition, Target will take over a vacant Sears space in October to open a small-format store. Read the Cape Cod Times story here
Two Marriott-branded hotels in Scottsdale have sold for a combined of $161 million. Both hotels were sold by Bethesda, Maryland-based Host Hotels & Resorts Inc. to Greenwich, Connecticut-based private equity firm Starwood Capital Group. Read The Business Journals story here
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