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.
A South Florida developer just proposed a resort hotel near Stephen Ross’ Hard Rock Stadium. Fort Lauderdale-based developer Abraham Baker’s Mazex Holding LLC just filed plans with the city of Miami Gardens to develop a 600,000-square-foot resort hotel on nearly 40 acres of land near
Kellogg’s will open a 5,000-square-foot cereal cafe dubbed Kellogg’s NYC in New York City’s Union Square neighborhood today. The cereal menu boasts gourmet toppings such as rum-roasted bananas, which guests can eat while sitting in hammocks or bean bags and playing board games and Nintendo.
Locally based First Hospitality Group Inc. (FHG) is bringing a Curio Collection by Hilton hotel to Chi-Town’s iconic Navy Pier, the popular destination’s first-ever hotel in its 100-year-plus history. Read the Hotel Business Design story here
Arby’s Restaurant Group Inc. is expanding its presence in the Middle East with a deal to bring its iconic roast beef sandwich to Egypt. Read the Nation’s Restaurant News story here
Owners of the Island Hotel in Newport Beach, Calif., have announced plans to rebrand the property as the Fashion Island Hotel. Read The Orange County Register story here
Inditex, the parent of fashion retailer Zara, aims to find a buyer for 14 of its stores in Spain and two in Portugal, the company confirmed. The retailer is seeking to raise $472 million from the sale of the stores, which it would then lease
An increase in the number of hotel rooms citywide in recent years has caused Salem Waterfront Hotel and Suites to downsize its planned addition. Read The Salem News story here
New City LLC is fast at work preparing for a second multimillion-dollar development, at 760 Ralph McGill, adjacent the Atlanta Beltline’s Eastside Trail. Plans were presented for 760 Ralph McGill – a $750,000,000 mixed-use project proposed for a former Georgia Power site adjacent Old Fourth
The Redmond Urban Renewal Agency is set to approve a partnership with hotel developer Alpha Wave Investors LLC to renovate and reopen downtown’s historic New Redmond Hotel. Read the KTVZ-TV story here
Nashville-based seafood chain Captain D’s has been acquired by private-equity firm Sentinel Capital Partners, which has investments in several restaurant companies including TGI Friday’s, Fazoli’s and Newk’s Eatery. Fast-casual Captain D’s has 303 company-owned units and 227 franchise locations, mostly in the Midwest and Southeast.
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