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.
Private-equity firm FFL Partners is seeking a buyer for the 1,500-unit Church’s Chicken chain, sources say. The firm, which acquired Church’s in 2009, has brought on advisers to explore a sale and set a price of about $350 million. Read the BNN Bloomberg story here
Krispy Kreme will open a 4,500-square-foot flagship store in New York City’s Times Square early next year. The store will stay open round-the-clock and feature stadium seating for customers to watch the doughnuts being made. Read the Adweek story here
Properties celebrated the groundbreaking of its newest property, Arthaus, a 47-story condominium tower located on Philadelphia’s famed Avenue of the Arts, situated at Broad and Spruce streets, across from the Kimmel Center for the Performing Arts. Designed by Philadelphia-native Eugene Kohn of world-renowned architecture firm
Gap remains committed to its plan to spin off Old Navy as a separate company, despite a disappointing first quarter. Read the Bloomberg story here
A 94,000-square-foot retail project called The Shops at Sportmen’s Lodge is coming to Los Angeles. Construction will begin in August for an estimated fall 2020 opening. Read the Shopping Center Business story here
The Marcum Commercial Construction Index for the first quarter of 2019 reports the highest levels of private nonresidential construction spending ever recorded. The index is produced by Marcum’s National Construction Services group.
Four Seasons Hotels and Resorts announced the planned opening of the new Four Seasons Hotel Philadelphia at Comcast Center to take place on August 12. Read the Frequent Business Traveler story here
A planned Plano office project has already landed its first major tenant. Developer Cawley Partners plans to break ground in September on its HQ53 office building in Plano’s Legacy business park. Read The Dallas Morning News story here
A large hotel near the historic City Market is reinventing itself. The DoubleTree Charleston Hotel is going through a major renovation and, when it reopens, will be an independently flagged lifestyle hotel. Read The Post and Courier story here
Construction spending was unchanged from March to April, with mixed results by project type for the month and for the year to date, according to an analysis by the Associated General Contractors of America of new federal spending data. Association officials warned that tariffs and
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page