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.
After its initial plans for seven stories of apartments atop Chicago’s Union Station drew public concern, Riverside Investment & Development, Convexity Properties and architecture firm SCB unveiled a revised plan for the $1 billion redevelopment. They have forsaken the apartments for a separate, 50-story office
Sears will continue closing underperforming stores after shuttering 384 locations over the past year, as it continues to work to turn around sliding sales and profits. Read the Los Angeles Times story here
The Palisociety brand is planning to add five properties in the coming year, with locations in California, Washington and Florida. Palisociety’s hotels range from 33 to 38 rooms. Read the Los Angeles Times story here
A Toledo-based born restaurant, Balance Pan-Asian Grille, will open its first Cleveland restaurant this coming November under a high-rise residential project by Stark Enterprises, The Beacon. Balance Pan-Asian Grille prides itself on providing customers with the unique experience of combining a fast-casual Asian-fusion style restaurant
Austin ranks first among Texas’ four major metro areas in the key hotel metrics of average daily room and occupancy rates, according to an analysis by Source Strategies Inc. Dallas, with a market more than double the size of Austin’s, has managed to sustain its
Plans have expanded for a hotel tower that would sprout on a choice site in downtown San Jose, a short distance from a planned Adobe Systems campus expansion and proposed Google transit village. Read the San Jose Mercury News story here
Starbucks will create 10,000 sustainable stores across the globe by 2025, through both new store openings and renovations, the Seattle-based coffee chain said Thursday. The move to greener restaurants is expected to cut about $50 million in utility costs over the next 10 years. Read
More retailers are turning to small-format stores to expand their market share in an affordable manner. The increasingly popular sales strategy has created a small-market worth more than $1 trillion, Koupon Media reports. Read the CoStar Group story here
Chick-fil-A ranks as U.S. consumers’ favorite chicken chain, Five Guys takes top honors for burgers and Taco Bell wins for best Mexican chain, according to an annual brand survey from The Harris Poll. Cheesecake Factory and Texas Roadhouse tie for best casual dining chain and
The West Virginia Department of the Arts, Culture and History has joined local governments in support of a Northern Virginia firm’s proposal to renovate the historic Shenandoah Hotel building in Martinsburg. Read The Herald-Mail story here
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