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.
Kroger is considering a deal to allow Ace Hardware to open in-store shops, sources said. Ace Hardware already operates in-store shops at other retail locations including Benjamin Moore stores, and a deal with Kroger would mark the hardware retailer’s largest partnership. Read TheStreet story here
The American Rust Belt has a shining new beacon of luxury. The Ritz-Carlton, Cleveland, has debuted a stunning new look that is putting the 206-room hotel front and center of C-Town’s 21st-century revitalization. Read the Robb Report story here
Hotel executives say industry consolidation is expected to continue this year. Airbnb‘s acquisition of Luxury Retreats and AccorHotels‘ stake in the Orient-Express brand were among 2017’s notable transactions. Read the Skift story here
Restaurant traffic and sales ticked up in November, along with operators’ optimism for the future, according to NRA‘s Restaurant Performance Index. Forty-six percent of operators forecast higher sales in the next six months, up from 44% in the previous month, and 60% plan to invest
Officials in Aurora and Elgin say that the time may have come for more downtown hotels. Aurora does have one downtown hotel, the Holiday Inn Express at North Broadway and Spring Street. Read the Chicago Tribune story here
Macy’s has identified 11 of 34 stores it expects to close in the coming years, and clearance sales will begin at some of the locations. Macy’s is also testing off-price Macy’s Backstage concepts in more of its stores, as part of a push to make
Hotel executives say industry consolidation is expected to continue this year. Airbnb‘s acquisition of Luxury Retreats and AccorHotels‘ stake in the Orient-Express brand were among 2017’s notable transactions. Read the Skift story here
Buffet chain Golden Corral has remodeled a Greensboro, N.C., restaurant with a new, smaller footprint that it says will cut labor costs by 3%. The new prototype creates efficiencies in the kitchen and a more spacious, homey feel in the dining room. Read the Nation’s
The developers of an eight-story luxury hotel planned for 456 Greenwich St. in Manhattan’s Tribeca neighborhood are betting on demand for ultra-luxury accommodations and a lack of supply in an area that is booming with new development. Read the Commercial Property Executive story here
Buffet chain Golden Corral has remodeled a Greensboro, N.C., restaurant with a new, smaller footprint that it says will cut labor costs by 3%. The new prototype creates efficiencies in the kitchen and a more spacious, homey feel in the dining room. Read the Nation’s
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