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.
Arizona’s restaurant industry has rebounded during the post-recession recovery, buoyed by the growing population and business-friendly environment, operators and industry experts say. The state’s 9,310 restaurants have 223,500 employees, accounting for 11% of Arizona’s employment, according to the National Restaurant Association. Read The Business Journals
IKEA has signed a franchisee to open its first stores in South America, as part of the Sweden-based furniture retailer’s plan to grow to about 12 new markets. In addition to traditional IKEA stores, the company will expand online and add new, smaller store formats
Walgreens Boots Alliance will team with Laboratory Corp. of America to add medical testing locations inside 600 or more Walgreens stores. The move comes as rival CVS Health increases health and medical service offerings at its pharmacies. Read the Bloomberg story here
After purchasing the empty Sears and Macy’s department store spaces at Richmond Town Square Mall in Ohio, DealPoint Merrill plans to renovate the space into a mixed-use development. The $70 million project will include ground-level retail space, along with a luxury, multifamily property, a hotel
Accor’s purchase of Mantra and Minor International‘s acquisition of NH Hotel Group are examples of ongoing consolidation in the hotel sector. Read the JLL Real Views story here
New plans for the long-vacant Shore Theater building on the corner of Surf and Stillwell avenues in Coney Island do not include a theater. Read the Brooklyn Daily Eagle story here
Los Angeles mall developer Rick Caruso grew up around the city’s Farmer’s Market, and his early lessons on attention to detail and giving shoppers things they won’t find anywhere else have driven his career. One of his malls, The Grove, drew 20 million visitors in
As Gen Z members become customers, retailers will need to change to meet their demands, including for multichannel commerce and fast shipping. To do so, retailers must consider that Gen Z members believe in authenticity, are dedicated digital users and multitask. Read the E-Commerce Times
Life Time and Simon Property Group are working to transform an empty anchor space at Southdale Center in Edina, Minn., into an athletic resort with a rooftop restaurant, beach club, pool, healthy cafe and spa. Life Time is developing similar projects in Los Angeles and
The City Council in Frisco, Texas, approved a proposed $850 million mixed-use, 60-acre development near the Toyota‘s North American headquarters with hotel, residential, office and retail space. Read The Dallas Morning News story here
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