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.
Payless ShoeSource is preparing to emerge from bankruptcy this week with its debt cut in half and a plan to expand with new brick-and-mortar stores in international markets. The footwear retailer, which now has about 3,200 stores around the world, will open four large-format stores
Private-equity firms Perpetual Capital Partners and CR3 Capital have acquired Garden Fresh Restaurant Corp. from Cerberus Capital Management, which bought the company out of bankruptcy seven months ago. Garden Fresh operates 97 restaurants under the Souplantation and Sweet Tomatoes banners. Read the Nation’s Restaurant News
MSP Bloomington LLC, an entity associated with Maryland-based Baywood Hotels, has received the green light to convert a vacant, six-acre parcel near the Mall of America into a dual-branded hotel. Read the Star Tribune story here
Rita’s Italian Ice plans to open 10 restaurants under a new name this year and to introduce new scooped custard as well as waffles, cookies and brownies at those locations. Read the Nation’s Restaurant News story here
Opening in 2018, The Comcast Technology Center is slated to be highest building in the growing Philadelphia skyline. While the building will be home to growing Comcast businesses, tech startups, and even the NBC10 team, the top 12 floors of the skyscraper will be dedicated
Corpus Christi’s convention scene and skyline are candidates for significant overhaul. The City Council discussed a proposed expansion of the American Bank Center and an adjacent hotel with 300 rooms at a workshop meeting. Read the Corpus Christi Caller-Times story here
The proposed new Holiday Inn Express project will get introduced to the Abilene City Commission during their study session this evening, and it will go to the Economic Development Council. Read The Abilene Reflector-Chronicle story here
The Roswell City Council has approved a conditional use request – subject to 14 conditions – for the Canton Place boutique hotel in the historic downtown area. Read The Atlanta Journal-Constitution story here
Wyndham has purchased the home exchange platform Love Home Swap for a reported $44.6 million. The company was founded six years ago and currently has 100,000 homes listed worldwide. Read the Skift story here
A company behind several successful urban infill projects in Phoenix has set its sights on downtown Mesa. Phoenix-based Habitat Metro LLC is proposing a 14- or 15-story project on city-owned land just west of the Mesa Arts Center. It would offer at least 75 boutique
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