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.
Lawrence city commissioners are getting their first look at a redevelopment that would convert a dormant corner of downtown into the home of a conference center, hotel and other multistory buildings, but also would require the city to be a major partner in the project.
Malaysia’s Cornerstone Partners Group joined forces with InterContinental Hotels Group PLC (IHG) to enter the local market, saying that demand for international hotel brands remains healthy. Read The Taipei Times story here
Fertitta Entertainment has opened a 12,000-square-foot Mastro’s Steakhouse at The Post Oak, a 10-acre mixed-use luxury project under development in Houston. Fertitta Entertainment is the parent of Landry’s, which operates upwards of 600 eateries under banners, including McCormick & Schmick’s, Chart House, Landry’s Seafood House
Entertainment magazine publisher Time Out will open a three-story food hall in Chicago’s Fulton Market District in 2019. The company opened its first Time Out Market in Portugal three years ago, and plans are also in the works for locations in Miami and Boston. Read
A development planned on 27 acres in Atlanta would include nine towers from 225 to 500 feet tall. The project would be a mix of hotel, office, retail and residential space, and it could be an effort to lure Amazon to locate its new headquarters
Austin Sports & Entertainment‘s plans for the East Austin District in Texas include a 15,000-seat arena adjacent to a 40,000-seat stadium. The company was founded by former University of Texas swimmer Sean Foley and New England sports entrepreneur Andrew Nestor in partnership with Rodeo Austin.
Marriott International will bring its roster of upscale hotels to 422 in more than 60 countries next year with the opening of 40 new properties under its luxury brand banners. Marriott plans to open more than 200 luxury hotels in the coming years. Read the
Franchising can be a growth engine for small fast casual concepts but the move to multiple operators comes with challenges, including protecting brand integrity and scaling up the supply chain. Franchisees can also help concepts grow without having to take on loans. Read the QSR
Specialty french fry concept #GetFried Fry Cafe will open its first California location in Santa Clara. The chain, which launched in Buffalo, N.Y., two years ago, will also add franchise locations in four Texas cities and Cairo, Egypt, in 2018. Read the San Jose Mercury
West Elm, New York-based purveyor of mid-century furniture, intends to open new stores in the UK next year. The chain, part of retail giant Williams Sonoma group, opened its second UK store last week. The new outlet is based in Bentalls shopping centre, Kingston. West
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