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.
Food halls featuring local artisan products, food-focused boutiques and classes and other events have become a growing focus for U.S. malls as they work to reinvent themselves,. The number of US food halls has grown from 30 to 180 since 2010 and is forecast to
The parent company of Greek-inspired fast-casual chain Cava is raising nearly $35 million in new funding from equity investors. Last year, Cava Group raised $34.9 million that it used to expand to new markets including Boston, Charlotte, N.C., and Austin, Texas. Read The Business Journals
Vacant for most of the last decade, the old National Guard armory building in downtown Bozeman is beginning to show signs of life. Plans are moving forward to repurpose the building into an eight-story boutique hotel complete with event space and at least a pair
Construction will start this year on a $4 billion, eight-year project to widen and reconstruct the Central Tri-State Tollway in Illinois. Most of the project will involve increasing the interstate from four lanes in each direction to five, but some sections will expand to six
Chicago’s Fulton Market has become a hot spot for hotel development, with more than 700 new rooms coming to the area. Hyatt House, Hoxton Chicago Hotel and Nobu Hotel Chicago are among the projects currently in the works. Read the Bisnow story here
A groundbreaking was held for the Four Seasons New Orleans Hotel and Private Residences, and demolition work is set to begin on the World Trade Center Building, where the project is being built, after years of delays. The $460 million project will contain 341 hotel
A four-story hotel approved to be built near the Poudre River may lose a handful of parking spaces and face increased scrutiny of its light and sound impacts on surrounding natural areas following a Fort Collins City Council member’s appeal. Read The Coloradoan story here
New businesses with a health and wellness benefit are moving into spaces left empty by traditional retailers and restaurants. Gyms, Pilates studios, juice bars and other fitness-focused ventures seek the foot traffic of a mall and they bring new experiences that draw consumers back to
Five Below will roll out in the San Diego market this summer with the first of two planned stores. The low-priced retailer sells an eclectic, ever-changing mix of merchandise aimed at appealing to teens and tweens. Read the The San Diego Union-Tribune story here
Caesars Entertainment will sell Octavius Tower at Caesars Palace and Harrah’s Philadelphia to Vici Properties for $749 million and will continue to operate both properties. Lease modifications will lower the aggregate price by $159 million. Read the MarketWatch story here
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