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.
With the shuttering of more than 700 Toys R Us stores expected, the retail sector is looking at how this space can be filled. According to CoStar, GGP’s stores are in better locations and should have an easier time finding new tenants, while Toys R
Grace Hotels is planning to add 30 properties in the next decade. The first Grace Hotel opened in Greece 11 years ago. Read the TravelPulse story here
Cornell Tech‘s new campus on Roosevelt Island opened to plenty of fanfare last September, but the $2 billion campus is far from being finished. Construction has officially kicked off on the Graduate Roosevelt Island hotel, a project billing itself as the “premier hotel on Roosevelt
Hotel transaction volume rebounded in the United States last year with 567 deals, according to STR. This is a 59% increase over 2016. Read the Hotel News Now story here
A hotel being planned for a 2021 opening in northern Norway is expected to be the first above the Arctic Circle to produce more energy than it uses. Svart, designed by noted firm Snohetta, will maximize absorption of sunlight as well as employ geothermal wells
Local Provisions will be a storefront near Station Avenue in Philadelphia that aims to attract millennials by providing artisanal foods and other products. To focus on millennial shoppers, the walkable downtown space will incorporate experiences with places to socialize and interact. Read The Philadelphia Inquirer/Daily
The Hudson Yards development in New York City will be home to a slew of new restaurants, some from high-profile chefs and restaurateurs, including David Chang, Thomas Keller and Jose Andres. The massive Manhattan development will also include juice bars and two units of Jack’s
In a joint venture, Wurzak Hotel Group, a Philadelphia-based company, and DoveHill Capital Management have acquired Sheraton Reston Hotel (11810 Sunrise Valley Drive). Read the Reston Now story here
Liberty University in Virginia is planning to build a 125,000-square-foot arena, which will accommodate between 4,000 and 4,500 people and is expected to be completed in 2020. Read The News & Advance story here
UK-based Hoxton Hotels is opening properties in New York, Portland, Ore., and Los Angeles this year, followed by another opening in Chicago in 2019. Read the Skift story here
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