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.
Houston-based developer Hines has begun construction of The Preston, a 46-story tower with 373 luxury rental units, and expects to finish work in 2022. The development, which will be near a 1 million-square-foot office tower also under construction, is being financed by an opportunity zone
Bed Bath & Beyond will test new products, assortments and displays with the opening of several new concept stores and the launch of new private-label furniture lines, according to The Wall Street Journal. The retailer, which reported a sales dip and its first net loss
Japan will see 11 new hotels open by 2021, with construction prompted by the 2020 Summer Olympics. Ritz-Carlton, InterContinental, Hyatt and JW Marriott all have projects ongoing. Read the Travel Weekly story here
InterContinental is interested in more acquisitions and growth in the luxury segment after buying Six Senses. Read the Hotel News Now story here
The Tiny House Hotel, comprising five dwellings on wheels of under 200 square feet each, opened last month near Lucas Oil Stadium, home of the Indianapolis Colts. Each home provides two to three people with showers, toilets, full-size beds, kitchens and sitting areas. Read The
Memphis-based discount retailer Fred’s is working with advisers on a plan to further downsize and engineer a turnaround without filing for bankruptcy protection, according to The Wall Street Journal. The company plans to shutter 179 of its 600 stores, selling the inventory and pharmacy files
White Castle, home of the iconic “slider” hamburger, broke ground on Wednesday on its first restaurant in Arizona. The restaurant will be located in the Talking Stick Entertainment District. Read the KSAZ-TV story here
The city could be taking a hard look at a proposal for a high-end, 200-room hotel next to Modesto Centre Plaza, which supporters believe will be a key driver to an improved downtown and in drawing more conventions and visitors here. Read The Modesto Bee
Construction on the third property for the boutique Saint Hotel group is underway in the peninsula’s French Quarter district. Read The Post and Courier story here
Expansion plans call for runway changes and the construction of a new terminal at Los Angeles International Airport. The terminal would feature additional gates and its own security processing area, drop-off area and parking garage. Read the Los Angeles Times story here
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