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.
Developers turning the former World Trade Center at the foot of Canal Street into a Four Seasons hotel and residences have completed the final financial closing needed for the project. Read the New Orleans story here
Austrian company Signa Holding has agreed to acquire half of Canada-based Hudson’s Bay Co.’s operations in Europe in a joint venture that would combine both companies’ German department store chains, The Wall Street Journal says. Signa, which owns Karstadt Warenhaus, would pay $1.3 billion to
Locally-based development firm Riviera Point Development Group reports it has secured the necessary funding to complete its Radisson RED hotel project near Miami International Airport. Read the GlobeSt story here
Macy’s will open 25 new freestanding Bluemercury stores in 2018 and 30 more locations next year, to feed growing U.S. demand for premium beauty products. The beauty brand will have 215 stores after the openings, and most of the new locations will be in smaller
The Omni Mount Washington Resort has broken ground on what will be the state’s only eight-person gondola and recently received approval to significantly expand the iconic, red-roofed grand hotel. Read the Union Leader story here
Retailers Burlington Stores, TJX and Hobby Lobby Stores are in growth mode, and they’re likely to open at least some of their new locations in former Toys R Us spaces, The Wall Street Journal says. The toy retailer left more than 700 empty store spaces
An environmental review should begin in September for Seattle-Tacoma International Airport‘s expansion. The first phase of the $4 billion effort will include 30 projects, such as the construction of a new terminal and an above-ground people mover. Read the KIRO-TV story here
In the second quarter, U.S. retail vacancies rose from 10% to 10.2% year over year as bankruptcies continue to hurt the industry, Reis reports. Toys R Us closings factored in the increase. Read the Reuters story here
Restaurant chain Wow Bao will close its second-oldest Chicago location and move to a new space with a completely automated front of the house. The 10-unit chain owned by Lettuce Entertain You Enterprises will expand its use of cashless ordering systems from Eatsa after starting
Fast-casual Asian concept Glaze has created a larger store prototype that includes more space for both dine-in and take-out business. The eight-unit concept moved its original New York City flagship to a 1,500-square-foot space that’s more than twice the size of its original store, and
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