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 high-powered Nashville investors pursing a luxury W Hotel in the Gulch face an important Metro vote today on their new vision for the hotel, which is larger than first planned. Read The Business Journals story here
Chicago-based sandwich chain Potbelly has hired adviser J.P. Morgan and will consider seeking a buyer, citing ongoing challenges after reporting second-quarter declines in same-store sales and profits. The chain launched in 1977 and operates 424 company-owned eateries and 54 franchised units. Read the Chicago Tribune
Florida-based restaurant chain First Watch won’t slow its growth plans under the new ownership of private-equity firm Advent International. The breakfast, brunch and lunch chain has grown organically and through acquisitions to more than 300 units and expects it to eventually hit 1,300 locations. Read
The sounds of construction fill the air in downtown Biloxi these days. When the work is over, it could mean a lot more visitors coming to the coast to see what we have to offer. That has downtown business owners smiling. Read the WLOX-TV story
The University of Iowa this fall will issue a call for proposals to replace the 57-year-old University Club with a new hotel that would serve the nearby golf course, UI Hospitals and Clinics, larger campus and public. Read The Gazette story here
Seattle has 2,875 rooms under construction, with half coming from a $400 million Hyatt Regency project. Read The Seattle Times story here
Dallas-based architectural firm, Mayse & Associates Inc, is pleased to announce the opening of its latest hospitality design project, a 104-key, four-story Home2 Suites by Hilton hotel in the Dallas/Fort Worth suburb of Northlake, Texas. The 61,202 square foot extended-stay hotel comes with a kitchenette
One Daytona, the future $120 million-$150 million mixed-use motorsports-themed destination, has begun vertical construction on its two signature hotels set to open in the next 12 months. Read The Business Journals story here
The nation’s hotel industry has seen a boom in occupancy and room rates amid the prolonged economic recovery, though there are concerns about of overbuilding of hotels in some parts of the country. The Atlanta area has seen a number of new select-service hotels built
A developer is proposing to build a 124-room Marriott Residence Inn and a Planet Fitness health club as part of an 8.23-acre shopping center project at Lassen Street and Mason Avenue in Chatsworth. Read the Los Angeles Daily News story here
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