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 has reportedly come to terms with GIC to purchase Maui’s Grand Wailea resort for around $1.1 billion. This deal would be second only to the $1.95 billion Waldorf Astoria sale nearly three years ago when it comes to U.S. single-hotel transactions. Read the
Pacific6, a community investment and development partnership capitalized at $100 million, has purchased the historic Breakers Hotel in downtown Long Beach, CA, with plans to completely renovate the nearly 100-year-old landmark into a boutique hotel. Read the Facility Executive magazine online story here
A hotel, apartments and a ground-floor restaurant and bar may be in store for the downtown Anchorage bus depot on Sixth Avenue, part of a proposal by two developers to transform a long-blighted block in the heart of the city. Read the Anchorage Daily News
Lynchburg City Council gave the green light for a new hotel and an industrial food waste recycling facility. After sitting vacant for years, the former location of Billy Joe’s Ice Cream parlor will be demolished by Richmond-based Sandpipe Hospitality to make way for its new
The braintrust of Hotel Indigo has poured a lot more than concrete and manpower into its signature sixth floor. It also has injected into the space plenty of foresight. Read the Tulsa World story here
South Austin is getting yet another boutique hotel: Carpenter Hotel will take the place of Carpenters Hall just off South Lamar. It will include a namesake restaurant, bar, and cafe at 400 Josephine Street. Read the Eater story here
The conversion of one of downtown’s oldest office towers into a boutique hotel is back on track, following two years of uncertainty. Construction crews have commenced interior demolition at the Candler Building, which lords over Peachtree Street at the northern edge of Woodruff Park. Permits
Lululemon Athletica has booked strong growth in its menswear line, and it expects the category to generate 25% of total sales by 2020. The retailer also raised its fourth-quarter financial guidance after booking better-than-expected holiday sales. Read The Vancouver Sun story here
The U.S. construction industry added 30,000 jobs in December for a total of 210,000 positions in 2017, a 35% increase from 2016, according to the U.S. Labor Department. Economic conditions, record-breaking construction spending and a business-friendly regulatory environment are likely to make 2018 a boom
A Bloomington developer made a surprise public pitch to aldermen for a new downtown hotel and conference center, calling his public-private partnership the “solution” city leaders have been seeking. Read the WGLT-FM story here
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