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.
UK-based Pret A Manger, which operates about 500 global locations, has agreed to acquire smaller sandwich chain EAT for an undisclosed amount. After the deal closes, Pret plans to turn up to 90 EAT locations into Veggie Pret shops in an effort to grow the
The Four Seasons includes a 230-bedroom hotel and 105 Four Seasons Private Residences, the first of their kind in India. Read the Spa Opportunities story here
Hyatt Hotels Corp. says it is joining the growing list of hotels that offer lifestyle brands by introducing a division that incorporates the brands it acquired from Two Roads Hospitality and its Hyatt Centric brand. Hilton, AccorHotels and Wyndham Hotels and Resorts are among chains
A Whole Foods Market store in New York City is the test site for a convenience store concept called Whole Foods Market Daily Shop. Local and organic products are paired with the ease of a convenience store, and shoppers can make their own acai bowls
Another element in the completion of Metropark Square, the 69-acre mixed-use development in Shenandoah, is underway. The Sam Moon Group, whose officials are developing the space, announced that construction has begun on the area’s first hotel, Hyatt House. Read the Houston Chronicle story here
The Fort Lauderdale Community Redevelopment Agency (CRA) is considering a land sale and incentive deal with a hotel developer. Read The Business Journals story here
Ascena Retail Group will shutter all 650 Dressbarn stores after failing to find a buyer, and will focus on its better-performing brands. Ascena, whose portfolio also includes Ann Taylor, Loft and Lou & Grey, hasn’t announced a timetable for exiting the Dressbarn business. Read the
Brazil-based Body Shop owner Natura Cosmeticos will acquire Avon Products in a $2 billion stock deal set to close next year. The combined company would operate in 100 countries with 3,200 stores and upwards of 6 million direct sales representatives. Read the Bloomberg story here
The Hyatt Regency Tamaya Resort & Spa recently put the finishing touches on the final phase of a multi-year renovation totaling nearly $11 million. Read the Albuquerque Journal story here
Halvorsen Holdings is embarking on a journey to develop May River Crossing in Bluffton, S.C. The 70,200-square-foot shopping center will be anchored by a Publix with a drive-thru pharmacy. Read the Shopping Center Business story here
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