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.
Developers are planning a 2021 opening for the Margaritaville Beach Resort, Panama City Beach, Fla. Read the Northwest Florida Daily News story here
The biggest redevelopment in Hamilton Place mall’s three decades was unveiled as the Sears store and nearby parking lots make way for a Dave & Buster’s restaurant, a hotel and offices. Read the Chattanooga Times Free Press story here
The Sleepbox Nap Lounge is opening its first U.S. location soon in the Washington Dulles International Airport. Startup Sleepbox provides modular, soundproof sleeping pods. Read the Travel Weekly story here
The Dallas area boasted the third-largest number of hotel rooms under construction—6,223—among US metro areas last month, according to STR. Finishing those rooms would mean a 7% year-over-year increase, second only to New York City’s 12%. Read The Dallas Morning News story here
Lidl US will acquire 27 Best Market stores across the metro New York and New Jersey area and convert them to Lidl markets, the company said. The acquisition will give Lidl 24 locations on Long Island, N.Y., where it previously had no stores; one Best
New York, Dallas, Houston, Los Angeles and Nashville, Tenn., are the most active markets in the United States for hotel construction, according to Lodging Econometrics. Read the Lodging magazine online story here
Sweetgreen raised $200 million in new financing in a funding round led by Fidelity Investments, bringing its total valuation to $1 billion. The 90-unit Los Angeles-based fast-casual salad concept will use much of the new funding on technology including software and blockchain tech. Read the
The international market for green construction could double in some areas, as 47% of those surveyed for the World Green Building Trends 2018 SmartMarket Report plan to incorporate green practices in more than 60% of their projects by 2021. Benefits of green building include lower
CCR wanted to share a post with you about a retailer out in CA in the fire zone. Fashion Optical Display, located in Paradise CA, had 4 buildings. 3 burned to the ground and the equipment building had the sprinklers run for 3 days so
The Economic Development Committee of the Los Angeles City Council agreed to advance a proposed $1.2 billion development that would include expansion of the Los Angeles Convention Center and creation of a $700 million hotel. An analyst is recommending the city seek a public-private partnership
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