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.
The James Robertson Hotel that was built in Nashville in 1929 is being refurbished for $50-million. Read the WTVF-TV story here
The 75-key Ritz-Carlton Hotel de la Paix has opened in Geneva, marking the brand’s first property in Switzerland. Read the Business Traveller story here
Big changes are on the way to Pasadena’s newly renamed Paseo Colorado mall (it’s now simply The Paseo), and a Hyatt Place hotel will soon join the new restaurants and retailers opening at the Colorado Boulevard shopping center. Read the Curbed/Los Angeles story here
The Allegheny County Airport Authority has approved a $1.1 billion project to renovate the Pittsburgh International Airport. Work includes building a new terminal, security checkpoint and baggage system, and it could begin in 2019. Read the Pittsburgh Post-Gazette story here
MGM Growth Properties, the casino real estate investment trust spun off from MGM Resorts International, will acquire MGM National Harbor in Maryland for $462.5 million in cash. The deal also calls for the assumption of $425 million in debt and $300 million in MGM Growth
JE Dunn Construction is building a nationally significant Cell Characterization and Manufacturing Research Facility in the Marcus Nanotechnology Building at Georgia Institute of Technology. The facility will support Georgia Tech’s activities in the development of therapeutic cell manufacturing technologies. In particular, it will focus on addressing
Gap will shutter about 200 namesake and Banana Republic stores and open 270 new Old Navy and Athleta locations over the next three years. Old Navy has led the company in sales growth, and the moves represent a greater focus on low-priced and athletic apparel.
Construction on a large mixed-use project in Upper Allen Township near Messiah College could begin as early as next spring, according to the developer of the plan, which first surfaced three years ago. Read the Central Penn Business Journal story here
Discount grocer Lidl will open a new store in Decatur, Ala., marking its first store in the state, where rival ALDI operates 20 locations. The announcement of Lidl’s expansion follows the opening of the retailer’s regional headquarters and distribution center in Cartersville, Ga., earlier this
Room supply is up but it’s being outpaced by increasing demand, both nationally and in Memphis, Tenn., July figures from STR show. Memphis’ year-over-year rises of 2.9% in supply and 4.4% in demand compared to overall increases of 1.8% and 2.3%, respectively. Read The Daily
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