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 town planning commission recommended rezoning a U.S. Highway 6 parcel at the edge of town to make way for a new hotel and condominium project. Read the Vail Daily story here
Pork & Mindy’s, a Chicago fast-casual concept co-created three years ago by “Food Network Star” winner Jeff Mauro, has grown to four locations. Now, the company aims to grow with a plan that includes company-owned eateries, food hall counters and licensed locations. Read the QSR
Apple Hospitality REIT continues its pace of acquiring new hotels every few months with two new purchases: the 119-room Hampton Inn & Suites by Hilton Atlanta-Downtown and the 144-room Hampton Inn & Suites by Hilton Memphis-Beale Street. The properties traded for a combined purchase price
Wyndham Worldwide is in negotiations with Platinum Equity to sell its European vacation-rentals business, which has been valued at $1 billion including debt, says the The Wall Street Journal. The sale fits in with Wyndham’s plans, which it announced in August, to turn its hotel
Italian luxury brand Bottega Veneta has opened its largest store in the world on New York City’s Madison Avenue, says Women’s Wear Daily. The nearly 15,000-square-foot flagship was created by joining three five-story townhomes, and the offerings include a range of product categories including jewelry,
Unicorp plans $1 billion mixed-use development near Walt Disney World in Orlando, Fla., that includes retail space, multifamily housing and single-family homes. The 82-acre O-Town West would be built around a lagoon, and construction could begin next year. Read the Orlando Weekly story here
White Lodging broke ground on a new 613-key property in downtown Austin, scheduled to open in the summer of 2020. The new Austin Marriott Downtown will go up 31 stories at the corner of Cesar Chavez and San Jacinto, overlooking the University of Texas campus,
New York-based Imperial Companies has secured $45 million in construction financing for a hotel in South Beach. Read The Real Deal online story here
In what would represent a major expansion of its local operation, representatives of Harrah’s New Orleans Casino are lobbying state lawmakers for authorization to construct a second hotel adjacent to their facility in downtown New Orleans. Read The Advocate story here
Verts Mediterranean Grill rebranded as Noon Mediterranean two years ago when the 19-unit fast-casual chain moved its headquarters from Austin to New York City, after research showed the old name was hard for consumers to pronounce and relate to. Other concepts including Naf Naf Grill
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