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.
The upcoming InterContinental San Diego, scheduled to open this September, is being crafted by Torrance, California-based design practice Linda Snyder Associates. The property will have floor-to-ceiling windows in the guestrooms, meeting spaces and public areas to bring the outdoors in, and maximize the waterfront views
New businesses are finally coming to fill long-vacant sites on the west side of Alhambra. The southwest corner of Commonwealth Avenue and Date Avenue had for years sat empty, but three restaurants are setting up shop in a new shopping center — McDonald’s and Panera
The global microhotel movement could be headed to Melbourne, Australia, if officials approve a proposal by two partnering architectural firms. Catering to the budget-conscious consumer, the proposed 12-story hotel’s 140 rooms would measure about 194 square feet. Read the ABC story here
The Austin, Texas, hotel market is leading the state in average room rates and revenue per available room, according to Source Strategies. Read the Austin American-Statesman story here
IKEA will invest more than it originally planned to ramp up in India, with plans for a faster rollout of small-format stores. The Sweden-based furniture retailer will open its first full-line India store in Hyderabad this month. Read the LiveMint story here
Dallas-based luxury retailer Forty Five Ten will shutter two Texas stores as it focuses on revamping its downtown Dallas flagship and opening new locations in Aspen and in the Hudson Yards development in New York City. Both the Aspen and Dallas projects are set for
The Coachella Valley Music and Arts Festival attracts more than 100,000 people to the two night, three-day music festival and has created a glut in housing options in the area. With the ridiculous new bans on short-term vacation rentals in nearby Palm Desert and surrounding
May ended as the fourth straight month of year-over-year profit growth for U.S. hotels, though the rate of increase slackened, a global HotStats survey found. Higher revenues outpaced rising costs as GOPPAR achieved an 8% upturn over 24 months. Read the Lodging magazine online story
The luxury retail market saw 5% growth globally in 2017, per the Bain Luxury Study. Generation Z, Millennials and men contributed to the growth, with the highest growth in retailers based in Japan, Europe and the United States. Read the Forbes story here
A 350-acre sports and entertainment complex is being proposed in Ohio, and construction could begin later this year. The project would be centered around a saltwater lake with sandy beaches and would include hotels, a conference center and entertainment center with video games and bowling.
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