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.
Virginia-based Crafthouse will team with American Development Partners in a $250 million deal that will turn the three-unit chain into a franchise company with more than 100 locations over the next five years. Crafthouse restaurants feature a pub food menu and a selection of about
Next month, workers will begin demolishing a former Holiday Inn in South Philadelphia in preparation for construction of the $700 million Live Hotel & Casino in early 2019, with slot play starting in late 2020. It’s part of the most expensive construction effort in Philadelphia’s
Expectations for dual-brand hotels to generate a huge profit due to their efficiency may be overblown, new research from CBRE suggests. The study of 23 U.S. hotels found that dual-brand properties can have a higher operating expense than single-brand sites and produce modestly higher margins.
Baskin-Robbins has created a new store design that it will test in Fresno, Calif., before rolling it out to more markets next year. The shop boasts an updated menu, murals inspired by the local landscape that are designed to be shared on Instagram and long
A new luxury hotel and beachfront and golf-side condominiums represent the vision of The Athens Group, the luxury resort and hotel development company selected by the Watkins family to redevelop The Naples Beach Hotel & Golf Club. Read the Naples Florida Weekly story here
McDonald’s has extended the deadline for franchisees to complete required restaurant remodels from the beginning of 2020 to the end of 2022, after hearing from franchisees about financial concerns. About 90% of the chain’s restaurants are run by franchise operators, and the required improvements include
A pair of downtown parking lots will be rebuilt into a high-end hotel and office complex as a result of a City Council’s recent decision. Read the Mountain View Voice story here
Bedding and bath brand Parachute has grown to six brick-and-mortar stores since launching as a digital direct-to-consumer brand five years ago. Parachute recently raised $30 million in new funding to finance plans to grow to 20 stores by 2020. Read the Digiday story here
Sears has identified 505 namesake and Kmart stores that would be sold together through a bankruptcy auction aimed at keeping the two retail brands alive, and it’s also asking mall landlords for rent reductions. The retailer has also negotiated a $350 million loan from Cyrus
Construction on a new $35 million hotel, retail center development will soon begin in Fort Wayne. A groundbreaking has been set for the 17-acre site in the Dupont area. Read the Inside Indiana Business story here
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