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.
The Horry County Planning Commission in South Carolina heard a proposal from DDC Engineers that could transform Myrtle Beach Mall into a mixed-use space. The plan calls for the addition of 100 dwelling units, along with commercial space. Read The Sun News story here
They’re two of the most prominent features of Asheville’s skyline: Mission Health‘s new tower and Hotel Arras and Arras Residences are expected to open in 2019 amid a flurry of notable development projects in the community. Read the Asheville Citizen-Times story here
The new year will be a busy one for Charleston International Airport in South Carolina as crews take on four projects at once, including a new parking deck and accommodations for a nonstop trans-Atlantic flight. The airport was almost entirely overhauled two years ago. Read
Dartmouth College’s $200 million expansion, starting with a new parking garage, is due to begin in January. The project will include a 160,000-square-foot engineering building. Read the Valley News story here
More than 3,800 rooms are under construction in Austin, accounting for 10% of current inventory, according to a second half 2018 hospitality report by Marcus & Millichap. One of those properties is underway in the SoCo district. Read the GlobeSt story here
Luckin Coffee has grown to more than 1,700 units in China since launching close to a year ago. The tech-driven chain, which is challenging Starbucks in China, operates mostly small cashless shops set up for takeout and delivery orders. Read the CNNMoney story here
AccorHotels, Hyatt Hotels Corp. and Marriott International have invested in boutique hotel companies in recent years, and Hilton has focused on boutique brands even as it shed its real estate assets. CBRE Hotels Americas Research finds that 17.8% of rooms under development in the United
Vancouver, British Columbia-based workout wear retailer RYU has opened its first U.S. store in Brooklyn, N.Y., says Women’s Wear Daily. The retailer, which competes in the athleisure space with other Vancouver-born brands including Lululemon and Kit & Ace, has six stores in Canada.
The topping off of a 101-room, $39 million La Quinta Del Sol hotel near SeaWorld in Orlando, Fla., adds to the growing belief that foreign investors are becoming increasingly intrigued by Central Florida. Read the GlobeSt story here
Norwich Partners has acquired an approved hotel development site in Portland, Maine, from Reger Dasco Properties, with plans to build a 155-room Aloft Hotel. The six-story property will include a fitness center, restaurants and meeting space. Read the Mainebiz story here
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