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.
JE Dunn Construction has completed Caroline, a seven-story, mixed-use apartment tower that is part of the city’s emerging WestEdge development in downtown Charleston. The building offers 237 luxury residential units, approximately 18,500 square feet of ground-floor restaurant/retail space and a parking facility accommodating 1,000 vehicles.
Giant Food will spend $175 million over the next two years to add one store and remodel 24 others. The company is adding a store built from the ground up in Fairfax Circle, Va. Read the Progressive Grocer story here
Dollar General sees food as a bigger part of its business amid plans to add 975 stores while remodeling 1,000 others in its next fiscal year, according to The Wall Street Journal. The company is considering several different configurations for stores, including those that focus
Pebblebrook Hotel Trust and LaSalle Hotel Properties have completed their $5.2 billion merger after approval by both companies’ shareholders last week. Pebblebrook also announced the sale of five hotel properties for $820.8 million, two of which were made under its previously announced plan to dispose
Department stores total more than 350 million square feet of mall space across the country, according to Green Street Advisors. This is worrisome to retail landlords as department stores fall out of favor with consumers and more of the retailers re-evaluate their real estate footprints.
Fat Brands, the parent of concepts including Fatburger and Bonanza Steakhouse, has acquired California-based fast-casual chain Yalla Mediterranean for an undisclosed amount. Yalla operates seven units and has plans to accelerate growth through franchising. Read the Restaurant Hospitality online story here
The Greater Center City area is the fastest-growing residential area in Philadelphia, which is why Center City District expects retailers to move in around Rittenhouse Square as the region’s retail expands. The area, which has 2 million square feet of retail space under construction, could
Martina, a pizza concept created by Union Square Hospitality Group, has traded its fast-casual model for full service. The New York City restaurant, which opened in August 2017, closed for a week and reopened Monday with a new menu and table service. Read the Eater/New
Food delivery could generate $32 billion, or 11% of total restaurant sales, by 2020, according to Morgan Stanley. A report from mobile ordering and delivery service Olo offers tips for delivery success, including allocating space, ensuring technology is current and assigning an employee to oversee
Four members of Generation Z offered ideas for restaurants looking to connect with their generation during the National Restaurant Association‘s “Restaurant Innovation Summit” last month. Members of the increasingly influential generation prefer text messages to emails and use Instagram to follow their favorite chefs and
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page