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.
April showed year-over-year improvement for US hotels across three measures, according to STR. Occupancy was up 0.3% to 68%, average daily rate rose 0.9% to $131.85 and per-room revenue was up 1.2% at $89.67—marking RevPAR growth in 109 of the past 110 months. Read the
Trademark Property Co. has been tapped to develop a master plan for the 1.7-million-square-foot Memorial City Mall in Houston. The announcement comes just over six months after Sears pulled out of the property. Read the Houston Chronicle story here
Old churches in Philadelphia that typically face the wrecking ball are being repurposed as boutique hotels, apartments and retail space. A dilapidated church that the developer bought for $2.05 million has been transformed into a neighborhood economic boon. Read The Business Journals story here
Allegiant, the budget airline, plans to build a $470 million resort in Florida. Sunseeker Resorts Charlotte Harbor will open next year with 180 extended-stay suites and 500 guest rooms. Read the Tampa Bay Times story here
The saga of Castle Hot Springs resort sounds like a Carl Hiaasen novel if he swapped South Florida for Arizona’s Sonoran Desert. Read The New York Times story here
The new owner of the Hilton Fort Lauderdale Marina hotel has proposed a large expansion of the event and dining space. Read The Business Journals story here
Instead of a room with a view, how about a room with a brew? Yuengling Brewery is indicating it is planning to add a hotel by its Tampa brewery, which is located near USF. Read the WTSP-TV story here
Idaho’s oldest indoor mall will transform into an open-air shopping center over the course of an $11 million project. Karcher Mall will shift its focus to larger retailers over small stores, while tenants Big 5 Sporting Goods, Joanne’s Fabrics, Mor Furniture and Ross are expected
It’s a new era at Oaklawn Racing Casino Resort, as the $100 million expansion announced in November 2018 is now well underway. The expansion, which will include 28,000 square feet of additional gaming space that will open prior to the 2020 live racing season, was
Dallas developer Todd Interests is taking a leap with its plans to revive one of downtown’s biggest skyscrapers. It took over redevelopment of the 52-story First National Bank building this week — a landmark tower that has been vacant for a decade. Read The Dallas
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