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.
Ritz-Carlton is taking its iconic brand to the high seas with a trio of cruise ship hotels that will start sailing in 2020. Read the South China Morning Post story here
The owners of Chicago’s Tribune Tower have proposed redeveloping it into residential and retail space, and they want to build a 1,422-foot skyscraper next door to the iconic structure, which for years was the Chicago Tribune’s home. Construction on the new tower could begin in
Commercial real estate loans in the US are now worth a record $4.3 trillion. Some worry that a bubble exists due to elevated prices and a lack of stability. Read the Wolf Street story here
Groundbreaking on the first hotel at WestGate@Crane Technology Park will take place in Odon. Officials say the $7 million Sleep Inn and Mainstay-branded hotel will employ more than 20. Read the Inside Indiana Business story here
Eldorado Resorts and Gaming and Leisure Properties will buy casino operator Tropicana Entertainment for $1.85 billion. Gaming and Leisure will lease the properties to Eldorado under the terms of the deal, which has been approved by all three companies. Read the Bloomberg story here
Shake Shack will begin testing its vegetarian Veggie Shack burger at three New York City locations this week. The burger, made with black beans, brown rice and roasted beets, will be available to order via Shake Shack’s app before a full in-store rollout on April
A 105-year-old hotel in Five Points is getting new life with a historic purpose. After sitting vacant since 1998, the Rossonian will reopen as a hotel and jazz lounge along with a restaurant, some AirBnB-style rooms, and popular Washington D.C. gathering spot busboys and poets
The American Dream entertainment complex and mall in New Jersey is expected to be completed in March 2019, the developer says. Despite numerous delays, more than 450 retailers have signed on at the development, which will include an 8.5-acre theme park and an indoor skiing
Forest Park Plaza in Illinois will see the addition of Living Fresh Market in a 70,211-square-foot space. The city is providing reimbursements for some of the $2.5 million to upgrade the space over the coming years. Read the Commercial Property Executive story here
Caesars Entertainment has started building a $168 million casino on tribal land near Sacramento, Calif., and should finish in 2019. The facility will feature a 25,000-square-foot gaming floor. Read the Casino story here
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