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 investors of The Chatwal Lodge held a ground-breaking ceremony on December 5. The lodge, developed by the Dream Hotel Group will be established on 26 acres located within the Chapin Estate gated community along the shores of the Toronto Reservoir. Read The River Reporter
A Greater Cincinnati hotel is scheduled to undergo an extensive renovation and reopen as the first Delta Hotels by Marriott in Ohio. Read the WKRC-TV story here
Starbucks and Uber Eats will team to expand delivery to about 2,000 of its 8,000 US cafes next year. Nontraditional orders at the chain have grown in the past couple of years and mobile orders now account for 12% of total sales, up from 5%
Walgreens has unveiled in-store Birchbox shops in three New York stores, according to Women’s Wear Daily. The company plans for eight more locations in cities, including Chicago, Dallas and Los Angeles. Shoppers can opt for the five-sample Build Your Own Birchbox feature or buy full-size
From the outside, there’s nothing particularly remarkable about the new Sarasota Modern hotel. Its white exterior and sleek, concrete look make it relatively indistinguishable from other nearby buildings in the Rosemary District. Read the Sarasota Herald-Tribune story here
Increasingly, landlords are converting empty retail center space into apartments, which turns the typical 12-hour retail environment into an 18-hour one. Apartments, along with restaurants, entertainment centers and fitness clubs, are helping retail centers fill space and also helping them e-commerce-proof properties. Read the Crain’s
An eight-story, 280-room hotel adjacent to a $200 million mixed-use development in Dallas is in the works. The planned development is the latest evidence of the real estate boom around Dallas Love Field Airport and its neighboring medical district. Read The Dallas Morning News story
A new hotel, restaurants, and retail space could be coming soon to the corner of King and George Street in downtown Charleston, but first their designs need to be approved. Read the WCSC-TV story here
The proposed opening date for a six-story, 142-room Virgin Hotel in downtown Palm Springs could be delayed by three years, until 2025. Read The Desert Sun story here
Jones Lang LaSalle reports that U.S. hotel transactions have reached $29.7 billion year-to-date for 2018, a year-over-year increase of more than 25%. Investors such as private equity and REITs are behind many of these deals, which are being driven by the sector’s strong fundamentals. Read
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