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.
Target and ALDI will bid on a former Toys R Us store in Florida that is located near several college campuses, according to court documents. Big Lots will bid on five stores in California, Pennsylvania, North Carolina, Virginia and Indiana, and other retailers including furniture
A new Holiday Inn is coming to downtown Columbia. The new hotel will be built in an existing 10-story office building at 1233 Washington St., according to a news release from commercial real estate broker NAI Avant. Read The State story here
Japan-based restaurant operator Toridoll Holdings is expanding its US chain, Crackin’ Kitchen, from Hawaii to the U.S. mainland with the first California location. The concept, which melds traditional Hawaiian and Cajun cuisines, is part of Toridoll’s plan to gain a bigger U.S. presence. Read the
Construction to transform the former World Trade Center at the foot of Canal Street into a $450 million Four Seasons hotel and residences is set to begin on May 1. Read the New Orleans CityBusiness story here
Construction spending increased only 0.1% in February, the Commerce Department reports, with spending on federal government construction projects dropping 11.9%. Construction spending was at an annualized rate of $1.27 trillion and has increased 3% over the last year. Read the WRAL-TV/The Associated Press story here
Simon Property Group is planning a significant renovation to King of Prussia Mall in Pennsylvania that will include upscale features such as lighting and tiling. The property is worth $2.8 million and is the eighth-most-valuable publicly traded, REIT-owned retail center in the United States. Read
Construction starting in in May on a $450 million tower project in New Orleans will create an estimated 1,600 construction jobs. The existing 33-story tower known as the World Trade Center will be redeveloped to include a Four Seasons hotel, residential units and meeting space.
Sand Hill Property has proposed a mixed-use space with shopping, residential property and office space to replace the defunct Vallco Mall in Cupertino, Calf. The developer hopes to sidestep the political struggles of moving the project forward by submitting an application under SB 35, a
The Minneapolis Downtown Council is considering using pop-up retailers in vacant spaces downtown. The project would encourage women- or minority-owned businesses to fill these locations, though the idea is still in the planning stages. Read the Star Tribune story here
Target has identified spots for three more small-format stores in the New York City boroughs of Manhattan, Staten Island and Queens. The retailer, which expects to have 130 of the urban stores operating by the end of next year, has also announced plans for a
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