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.
Concord Hospitality Enterprises, together with partners Madison Properties and Whitman Peterson, has broken ground on the 235-key, dual-branded Homewood Suites and Hampton Inn in Woburn, Mass. The hotel is the first Boston-area project for lead developer and property manager Concord. Read the Commercial Property Executive
By the end of 2016, McDonald’s had amassed 36,900 retail shops globally, Burger King 15,738 outlets, and Pizza Hut 11,000 eateries. While burger and pizza chains have expanded exponentially, consider some of the largest barbecue chains in the U.S.: Famous Dave’s of America had 170
Michael and Christie Echols announced big news for downtown Monroe. The couple will be opening a new boutique hotel called “The Hotel Monroe.” It will be located at 108 and 120 Walnut Street. Michael Echols said it is all apart of revitalizing downtown. Read the
Whole Foods Market is planning to open 16 more 365 stores after opening its seventh location, and first East Coast outpost, in Brooklyn. The company’s 365 locations are especially attractive to real estate developers looking to add retailers in malls or strip centers. Read the
The Allegheny County Airport Authority has proposed a $1.1 billion terminal expansion for the Pittsburgh International Airport. The authority plans to use a design-bid-build contract, and construction could begin in 2019. Read the Engineering News-Record story here
Phil Cordell has been tapped to oversee new brand development for Hilton, which includes what he calls an “urban microbrand.” Read the Hotel News Now story here
Titusville is getting a new, five-story hotel. BBL Hospitality announced it will begin construction on a new Hyatt Place hotel in the planned industrial park of Riverfront Center in Titusville, near the road leading to Kennedy Space Center and adjacent to the Boeing office facility
Bon-Ton Stores will close underperforming locations and focus more on e-commerce under its restructuring plan, but the retailer could also expand its Carson’s banner into new markets. Bon-Ton is considering re-bannering 11 Bergner’s and 13 Boston Stores as Carson’s stores and opening up to 14
Katy Grand, a retail center near Houston, will see a second phase of development, as developer NewQuest Properties has signed Kinokuniya, Kula Revolving Sushi Bar and 85C° Bakery Cafe as new tenants. Cinemark anchors the 21.7-acre property near Katy’s upcoming University of Houston campus. Read
Construction employment increased by 36,000 jobs in January to the highest level since August 2008, according to an analysis of new government data by the Associated General Contractors of America. Association officials said a possible new measure being discussed in Washington that would invest an
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