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 Tower and Porter Block on Eagle Street could soon be converted into a hotel — after an extensive interior renovation. Eagle Street Holdings LLC, which owns the building, has submitted paperwork to the Planning Board for a 27-room hotel at the historic 34-36 Eagle
A 15-story, 139-key hotel with a restaurant is being proposed in Los Angeles. The project is near the planned $1.2 billion renovation of the Los Angeles Convention Center and fits with the city’s goal of building 8,000 new hotel rooms near the convention center. Read
The $2.5 billion renamed Encore Boston Harbor casino is about 60% complete and on schedule to open in June 2019. The construction director said that about $1 billion has been spent so far on the project. Read the Boston Herald/The Associated Press story here
A SeaQuest aquarium is scheduled to open in November in Fort Lauderdale, Fla. The attraction will offer visitors interactive experiences with many of its 1,200 animal residents, including feeding them or snorkeling with marine animals such as reef sharks and stingrays. Read the Sun-Sentinel story
IKEA has set ambitious new sustainability goals to combat climate change, including making its products from recycled and renewable materials and reducing greenhouse gasses by more than what its operations emit by 2030. The retailer will stop selling all single-use plastic items over the next
IHOP is planning to expand in Chicago and other cities to cater to its growing millennial and Gen Z fan base. The chain has also invested in technology to appeal to younger consumers, including a mobile ordering app that launched last year. Read the Chicago
The Dillon Town Council voted to push forward with the Hilton Homewood Suites project during their regular meeting, paving the way for a new extended-stay hotel in downtown Dillon. Read the Summit Daily News story here
Demand is expected to exceed hotel supply in the US through 2018, according to PricewaterhouseCoopers. Economic growth for the US economy should hit 4% in the second quarter, according to the Atlanta Federal Reserve. Read the Nasdaq story here
California-based private-equity firm High Bluff Capital Partners has acquired Denver-based sandwich chain Quiznos for an undisclosed amount. Quiznos has about 800 units, including the original restaurant in Denver, and the new owner said it has no plans to move the chain’s headquarters. Read The Denver
Apple Leisure Group company’s AMResorts and Grupo Hotelero Santa Fe have announced a partnership to co-brand three properties in Mexico. Both companies are looking to boost international business. Read the TravelPulse story here
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