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.
For 100 years it has been home to the city’s “finest baths” (back when that was a selling point), the law offices of famed attorney Johnnie Cochran, and a bank vault rumored to have briefly held the formula for Coke. But in two months, the
Sweden-based IKEA will open a Mexico City store next year. The new location will be the retailer’s first in Mexico and it’s mapping out a plan for more stores in the country as part of a larger expansion in Latin America. Read the Reuters story
A California developer plans to build a 112-room boutique hotel on a River Walk-adjacent property it bought in April. Read the San Antonio Express-News story here
Park Hotels & Resorts has completed its $150 million restoration of the 652-key Caribe Hilton in San Juan, Puerto Rico, after the devastation of Hurricane Maria in 2017. The resort has held a soft opening, with a formal opening planned for June 18. Read the
Nordstrom has chosen Oct. 24 as the opening date for its new seven-story New York City flagship. The 320,000-square-foot luxury department store will be the retailer’s first full-line store in Manhattan, and earlier this month the company announced plans for two Manhattan service hubs where
Pacific 6 has acquired two historic buildings in Downtown Long Beach with plans to renovate and revitalize the assets. The projects are part of the ongoing renaissance in Downtown Long Beach. Read the GlobeSt story here
Major mid-price hotel operator Extended Stay America has reduced its owned-room portfolio more than 10% in pursuit of an “asset-lite” model it hopes will foster stability, according to The Wall Street Journal. Most of the sold-off properties become franchised as the chain aims for a
A mixed-use redevelopment proposed years ago at the former Colgate-Palmolive Co. plant near the riverfront in Clarksville could include a major hotel flag. Read The Business Journals story here
Rock Row mixed-use development in Portland, Maine, will welcome a Cinemark 12-screen theater in the spring of 2021. The property currently boasts a beer and food hall, medical and wellness campus, grocery store and concert venue. Read the Shopping Center Business story here
Locally owned Hawaiian poké bowl concept, Poké Fresh, has officially opened a second Northeast Ohio location at Portage Crossing. The fast-casual restaurant offers an extensive menu of build your own and signature poké bowls with options including organic brown and jasmine rice, greens, proteins and
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