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 1,550-foot Central Park Tower in New York City is under construction, and it just passed 984 feet. The 99-story building will be the tallest tower in the country by roof height, and it is expected to top out in 2019. Read the New York
Construction costs increased for the 18th month in a row in April, according to the IHS Markit PEG Engineering and Construction Cost Index, and steel tariffs have created further uncertainty in the industry. Labor costs increased in all regions of the country. Read the ForConstructionPros
Future Group‘s fast-fashion retail chain, FBB, sold around 200 million items in the last fiscal year and is on track to sell as many as 350 million this year. This growth would put FBB in the top 10 of global fashion retailers, along with H&M
A groundbreaking was held in Fort Lauderdale, Fla., for the latest Four Seasons. The 22-story building will contain 130 hotel rooms and 90 private residences, and work is expected to be completed toward the end of 2020. Read the Sun-Sentinel story here
The St. Cloud Area Convention and Visitors Bureau reported that construction on two Waite Park, Minn., hotels is moving forward. A Residence Inn by Marriott is expected to debut in August, while a Hilton Garden Inn should open by the end of the year. Read
Toronto-based Fairfax Financial Holdings, which won approval this week to acquire the Canadian operations of Toys R Us, is eyeing opportunities to expand its brand ownership to the U.S. and other markets. Fairfax will keep the retailer’s Canadian stores open and use profits to make
Elite Restaurant Group, the owner of burger chain Slater’s 50/50, will acquire the Daphne’s California Greek chain with plans to expand the 23-unit Mediterranean concept. Both restaurant chains are expected to grow through franchising. Read the Nation’s Restaurant News story here
The San Francisco Conservatory of Music is planning a 12-story building that will contain concert halls, a recording studio, apartments and a restaurant. Construction will start this summer on the $185 million facility, which will open in 2020. Read the U.S. News & World Report/The
The world’s biggest hotel company already has 29 properties in the Tampa Bay area, but its says a plan to put more than 1,400 rooms in three Marriott-branded hotels within a few blocks of each other says something about how Tampa is evolving. Read the
InterContinental executives say the Middle East is a priority market for the company. Radisson Hotel Group is also pursuing opportunities in the region. Read the Hotel News Now story here
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