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.
Kempinski, Six Senses and Mandarin Oriental are among the luxury hotel names expanding in the Caribbean. Read the Travel Market Report story here
City Council recently unanimously approved a $110 million plan to expand and renovate the Charlotte Convention Center, adding new meeting space and breakout rooms in an attempt to lure more events. Read The Charlotte Observer story here
H&M is unveiling a new store in the UK that will be a testing ground for new concepts. The three-story location will feature new services including embroidery and clothes mending, and boast “greenery” and stone floors. Read the RetailGazette.co.uk story here
The 30%-occupied Fair Oaks Mall in Columbus, Ohio, has nearly 400,000 square feet of vacant space. The city purchased the property for $5.9 million and plans to transform the empty space into a community recreational and sports tourism complex. Read the WTHR-TV story here
Construction employment grew in 281, or 78 percent, out of 358 metro areas between October 2017 and October 2018, declined in 43 and was unchanged in 34, according to a new analysis of federal employment data released today by the Associated General Contractors of America.
The new Kohl’s CEO has led efforts to attract younger shoppers since joining the retailer five years ago, including the addition of activewear brands Nike and Under Armour. Executives have created a strategy called the “Greatness Agenda” as a blueprint for driving traffic and winning
Miami developer Metronomic is buying 12 properties for the site of Grand Plaza, a $74 million, 297,000-square-foot development that will include office, residential and retail space. The developer expects to break ground in about two weeks. Read The Real Deal online story here
The Peak Resorts portfolio has grown to 17, with the purchase of Snow Time. The $70 million deal involves three ski resorts in Pennsylvania: Whitetail Resort, Roundtop Mountain Resort and Liberty Mountain Resort. Read the Seeking Alpha story here
A well-known DeKalb County hotel will undergo a posh upgrade making it the flagship property of the luxury Crowne Plaza brand. Read The Atlanta Journal-Constitution story here
Officials revealed a plan for a six-year, $699 million construction program to supplement the $343 million of work already taking place at Fort Bragg in North Carolina. Items on the base’s “wish list” include a fire station, tactical equipment maintenance facilities, airfield upgrades and barracks.
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