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.
Simon Property Group says the REIT is considering investing in a retailer to save it from liquidation, similar to what it and Brookfield Property Partners did in 2016 for Aeropostale. Read the CNBC story here
Dual-branded hotel projects are on the rise nationally, with land costs as a major driver. Read The Business Journals story here
Construction employment grew in 253, or 71 percent, out of 358 metro areas between June 2018 and June 2019, declined in 61 and was unchanged in 44, according to a new analysis of federal employment data released today by the Associated General Contractors of America.
An established Triangle hotel developer is cementing its pivot to larger, upscale hotel projects with the start of construction on its latest full-service hotel in Brier Creek and the announcement of a new hotel planned for Cary. Read The Business Journals story here
Canadian fashion retailer Aritzia is in growth mode in the United States, where it operates about one-third of its 92 boutiques. The brand also has a location at Hudson Yards in New York City and plans to open locations in five more U.S. cities this
Barneys New York will move forward with plans to open its first New Jersey store at American Dream this fall, despite recent reports that the retailer could file for bankruptcy protection soon. Read the Glossy story here
The Container Store debuted a new retail format dubbed Custom Closets in Los Angeles, and it will open a second location in Dallas later this year. Custom closet solutions account for more than half of The Container Store’s business, and the new format is designed
ALDI has announced plans to open three new stores in Georgia, following news of additional expansion plans in Alabama, North Carolina, Minnesota and California. The Georgia locations are expected to open this summer and in fall. Read the AndNowUKnow story here
The hotel, which is a new build, will have 466 rooms, including 19 suites with designated quiet floors; a rooftop bar and lounge; fitness center and outdoor pool; and a yoga/zen retreat room. Read the Los Angeles Times story here
Investment firm Audax Private Equity has acquired specialty food company Stonewall Kitchen with the goal of expansion. Read The Boston Globe story here
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