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 Seneca Niagara Hotel in Niagara Falls, along with its entrance drive and parking lot, will undergo $40 million in improvements in the coming year. Read The Buffalo News story here
Kohl’s will shrink the floor plans of about a dozen of its larger department stores and lease space to German discount grocer ALDI as part of a test to cut costs and drive more traffic to Kohl’s stores. Kohl’s could also extend the test to
Sandestin Investments (SDI) has received final approval from the Walton County Commission to build a new 250-room full-service hotel adjacent to the Baytowne Conference Center at Sandestin Golf and Beach Resort. Read The Walton Sun story here
Raffles Hotels & Resorts is partnering with developers Jordan Warshaw and Gary and Jeffrey Saunders to put its first North American property in a $375 million tower at the corner of Stuart Street and Trinity Place. Read The Boston Globe story here
Food Lion will acquire four stores across South Carolina from Southeastern Grocers’ Bi-Lo banner. Food Lion, an Ahold Delhaize banner headquartered in Salisbury, N.C., will donate 60,000 meals to two S.C. food banks to mark the deal. Read the Progressive Grocer story here
Achieved average room rates for US hotels was $220.42 in March, exceeding the recent high of $217.06 set in October, according to HotStats. Nonroom revenues for full-service hotels took a dip, but hotel TrevPAR overall still hit a post-recession peak. Read the Lodging magazine online
Crews have started work at the 19th-and-Ludlow-Street development site where the city’s first tiny-roomed “micro-hotel” is to rise. Read The Philadelphia Inquirer/Daily News story here
ALDI has completed remodels on 17 of its 54 stores in the Dallas-Fort Worth area, and it soon expects to have half of them done as part of a plan to invest $66 million in makeovers in the market. The German discount grocer is in
Developers are seeking approval from officials in the Chattanooga, Tenn., area to build a more than $200 million, mixed-use village on 155 acres. The project, to be completed in the next five to six years, will include single-family homes, medical offices, stores and restaurants and
UK supermarket operator Sainsbury’s will acquire Walmart-owned ASDA in a deal valued at about $10.1 billion. The deal, which would create the largest player in the increasingly competitive UK grocery field, comes as part of Walmart’s move to shift its investments to more profitable areas,
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