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.
Natural beauty retailer The Detox Market has created a micro-format store that’s about the size of a large walk-in closet. The new California location is the retailer’s sixth store, and it plans to open more in the next 12 months. Read the Fast Company online
The REIT market has been in turnaround mode since February, when stock market returns began to improve after a year and a half of underperformance, according to research from Nareit. Read the Nareit story here
The Holiday Inn Chicago NW Crystal Lake Convention Center now is under new ownership and will undergo a major renovation. Read the Northwest Herald story here
A standing-room only crowd viewed a developer’s plans for a $5 billion mixed-use development along the Chicago River. It would include office, residential, hotel and retail space, as well as a soccer stadium and park areas, and construction is estimated to create 2,500 construction jobs
A $1 billion redevelopment is planned on 37.4 acres in South Carolina. The Greenville County Council reviewed six proposals before awarding the project to RocaPoint Partners, which plans to demolish a former mall on the site, now used as a government building, and build a
A $70 million redevelopment project is being planned at a rail yard in South Dakota. A six-story mixed-use building will be built on 4 acres, and construction could begin in 2019. Read the Argus Leader story here
Target will open its newest small-format store in downtown Denver on Sunday, with a merchandise selection tailored to local tastes. The 30,000-square-foot urban store on the city’s 16th Street Mall is in an area with a combination of residents, daytime workers and tourists. Read The
Sources said that Krispy Kreme Doughnuts is close to a deal to buy Insomnia Cookies, a 15-year-old chain with upwards of 135 units that deliver cookies and milk until 3 a.m. JAB Holding bought Krispy Kreme two years ago for $1.35 billion. Read the CNBC
Boasting 54% female ownership, American Hotel Register Co. has made its status as a women-owned business official by obtaining certification from the Women’s Business Enterprise National Council. The company says diversity is a long-standing priority for the company, whose leadership team and workforce are just
Restaurateur Danny Meyer and his design team created a low-key, inviting atmosphere at the newly-opened Manhatta in New York City, which boasts views of the city from the 60th floor of the 28 Liberty Street tower. Read the Architectural Digest magazine story here
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