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.
Chicken chain Golden Chick saw growth take off after revamping its restaurants and modernizing the menu in 2011. The chain, which grew slowly from its start 1967 until the changes, now has 185 locations with plans for 25 more units this year. Read the Restaurant
Commercial property prices edged 1.8% higher in 2018, a slowdown from the pace in 2017, as measured by the CoStar Commercial Repeat Sales Index. Price performance has been mixed across property types. Read the Nareit story here
Sonoma County’s hoteliers are playing catch-up to make room for the growing number of visitors. The lodging industry is undergoing unprecedented expansion with about a dozen properties slated to open in the next few years. Read the Petaluma Argus-Courier story here
As Portland makes a concerted effort to join the luxury boutique hotel movement that’s been sweeping America’s second cities (Nashville, Savannah, and Detroit among them), there’s one newcomer among the deluge of recent openings that is taking the city’s upscale quotient legit: Woodlark. Read the
Nashville has grown to the point that it has become a place where innovation and development is tested before expanding to the rest of the country. Read the WZTV-TV story here
Shoe retailer Payless is working to get a loan as it prepares for a second bankruptcy filing in two years, sources said. The company is reported to be considering a plan that would shutter some or all of its stores in North America. Read the
Dunkin’ Brands is embracing technology as it invests $100 million to upgrade stores and transitions to cloud-based services, according to The Wall Street Journal.
Although it hasn’t exactly been smooth sailing to this point, the development teams behind Canton’s two newest hotel proposals remain committed to their respective projects and are forging ahead with construction plans after a series of unexpected delays. Read The Canton Citizen story here
Developers are planning to demolish the Grand Hyatt New York and replace it with a 2 million-square-foot development with a Hyatt hotel, offices and retail space. The Grand Hyatt will remain operational until at least the end of next year. Read the Bloomberg story here
The creators of Wood Ranch BBQ & Grill have created WR Kitchen & Bar, a smaller format that’s set to launch in California in the coming months. The new concept will serve about 80% of the original menu, in a hybrid model designed to speed
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