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.
InterContinental Hotels Group has closed on the purchase of a controlling stake in Regent Hotels & Resorts. IHG says the Regent brand fits “at the top end of the luxury segment.” Read the TTG Asia story here
The brothers who created the Mastro’s Steakhouse and Mastro’s Ocean Club, concepts now owned by Landry’s, will open a new high-end seafood concept later this year. Jeff and Mike Mastro plan to debut Ocean 44 in Scottsdale, Ariz., with a wood-burning oven that will allow
Amazon has selected a site in the business district of its Seattle hometown for the second location of its checkout-free Go store, which is set to open this fall. The first Go store, which uses cameras and other technology to track what customers pick up,
Plans for a five-story, 120-room hotel on the northeast corner of Fourth and Beale Street go to the Center City Revenue Finance Corp. Read The Daily News story here
Checkers Drive-In Restaurants aims to grow from 870 units to 1,200 by 2020, with many of the new locations built from modular kits that are constructed off-site, a model that costs about $100,000 less than the traditional build. The 950-square-foot units arrive by crane with
Harlem, one of the most historically significant neighborhoods in New York City, has attracted major interest from retailers, investors and developers in recent years. Now, builders are pushing even deeper into the neighborhood to capitalize on its growing market appeal. Read the Bisnow story here
Construction spending reached a record level of $1.309 trillion in May as monthly increases in residential and public investment outweighed a decline in private nonresidential outlays, according to an analysis of new government data by the Associated General Contractors of America. Association officials warned, however,
As James Poole sees it, the Foundry Hotel melds the best of both old and new. And after more than three years of building, reconfiguring and tweaking project minutiae, there’s probably no better aesthetic. Read the Asheville Citizen-Times story here
The retail sector is primed for growth as REITs such as Simon Property Group turn aging malls into vibrant mixed-use centers while also taking advantage of big box retail closures. At the same time, retailers are remaking their images in the eyes of shoppers by
Another hotel development is approved for construction in Ann Arbor. The City Council voted unanimously this week to approve plans for a Homewood Suites by Hilton at 2457 S. State St., north of Oakbrook Drive along the east side of State. Read the MLive story
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