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.
Columbus could welcome a hotel to the city as soon as next spring. Cobblestone Hotels, a chain headquartered in Neenah, is interested in constructing a mid-level hotel in the Commerce Center near Highway 151 and Highway 16/60. Read WiscNews story here
A $2 billion mixed-use project that would feature a hotel, residential units and 300,000 square feet of retail space is under consideration in Sanford, Fla. The 110-acre site would also have green space and trails to attract foot and bike traffic. Read the WOFL-TV story
Shake Shack is entering Mexico City next year and plans to have 30 locations in Mexico by 2028. The chain is working with Mexican hospitality group Grupo Toks to grow in the country, and also plans to expand to mainland China with a Shanghai location
Target will open a small-format store in South Burlington, Vt., this week, marking the retailer’s first store in the state and giving it a presence in all 50 states. Target will also open seven other small-format stores this week, giving the company 83 stores with
IKEA has opened a small-format urban store in London dubbed the Planning Studio that will focus on bedroom storage and kitchens. The new concept store will offer shoppers advice from staffers on home project planning. Read the RetailGazette.co.uk story here
Joe Carroll, who opened the first of his many Brooklyn, N.Y., eateries 15 years ago, is expanding to new markets in a partnership with Philadelphia restaurateur Stephen Starr. The pair opened a Philadelphia location of Carroll’s barbecue concept, Fette Sau, in 2012 and they launched
NKF Capital Markets has arranged a $57 million construction loan for the Walker Hotel Tribeca, a 171-room hotel in the Tribeca neighborhood of Manhattan. Read the REBusinessOnline story here
A huge development on the way will bring as much as $850 million in new construction on Frisco’s south border. Read The Dallas Morning News story here
At 3.1% year-over-year growth, wages in the construction industry are rising faster than the rest of the nonfarm private sector, reaching $30 per hour. However, while workers are benefiting, contractors are still struggling with a workforce shortage, according to the Associated General Contractors of America.
Oram Hotels and Azul Hospitality Group are set to unveil the Guild Hotel in San Diego in early 2019 as part of Marriott’s Tribute Portfolio. Housed within a former military YMCA landmark, the property will be transformed by Oram’s Alvin Mansour in collaboration with Sormeh
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