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.
Blackstone Group LP is in the early stages of marketing a group of select-service hotels, according to people with knowledge of the matter. A sale of about 15 U.S. properties would be part of the ordinary course of managing a large portfolio, said one of
Wetzel’s Pretzels plans to roll out a sleek new store design to as many as 40 existing and new locations before year’s end. The new look, which debuted last year at a New Jersey mall location, has been introduced at 16 stores and features an
J.F. White was awarded the $205 million contract to replace a 118-year-old steel-truss bridge in Boston, which is structurally deficient. Work on the North Washington Street Bridge will begin in the fall and be completed in 2023. Read the Engineering News-Record story here
Restaurateur Danny Meyer plans to open a taco stand in a waterfront park in the Williamsburg neighborhood of Brooklyn, N.Y. The eatery, called Tacocina, is expected to open this summer. Read the Eater/New York story here
The Wall Street Journal reported that the first-quarter vacancy rate at major US malls rose to 8.4%, a level last reached in the fourth quarter of 2012, according to Reis. Smaller shopping centers in 41 of 77 regional areas studied reported occupancy declines in the
Lehigh Valley, Pa., has seen a trio of hotel openings lately with more developments to come. Fairfield Inn & Suites by Marriott Allentown West recently opened for business. Read the Lehigh Valley Business story here
E-commerce activewear retailer Carbon38 will open its first permanent physical retail location in Los Angeles in September, along with a 2,500-square-foot pop-up space in Bridgehampton, N.Y. The company, which launched as an online-only brand in 2011, will also start selling its spring line through Neiman
Universal Orlando Resort in Florida announced that the hotel complex set to rise on the former site of its Wet ‘n Wild water park will be called Universal’s Endless Summer Resort and include two seaside-themed hotels: Surfside Inn and Suites and Dockside Inn and Suites.
Springfield’s Tower Square Hotel now has a new owner. The hotel is being bought by western Massachusetts business owner Dinesh Patel and other business partners for $10.5 million. Read the WWLP-TV story here
Universal Orlando Resort‘s plans for 2,800 hotel rooms on International Drive are one step closer to going vertical. Read The Business Journals story here
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