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.
San Francisco-based children’s apparel retailer Gymboree has filed for Chapter 11 bankruptcy protection, a move expected to cut more than $900 million in debt and bring the closure of about 375 of the retailer’s 1,300 stores. Read the CNBC/Reuters story here
Greensboro, North Carolina-based CN Hotels acquired land in Hollywood for a 119-room hotel. An affiliate of CN Hotels called Hollywood Downtown Hotel paid $1.05 million for a little less than an acre at 2638 Polk Street near Hollywood City Hall. Read The Real Deal online
With Volcano Bay now open, Universal Orlando Resort has shifted back into construction mode to prepare the park for the new Aventura Hotel and Fast & Furious: Supercharged ride. Read The Business Journals story here
After a $25 million renovation, the Marquette Hotel in downtown Minneapolis is now part of the Curio Collection by Hilton, the first of that brand’s upscale hotels in the state. Read the Star Tribune story here
The Printing House Nashville will be the name of the city’s first Tapestry Collection by Hilton hotel, which will rise 11 stories at the southwest corner of Third Avenue South and Peabody Street. Read The Tennessean story here
Buffalo Wild Wings will open two fast-casual eateries dubbed B-Dubs Express in Minnesota this summer, with four future locations planned. The new concept will feature a limited version of the chain’s full-service menu and focus on speedy lunchtime service. Read the Star Tribune story here
Marriott is planning to grow with full-service hotels, even as others focus on the select-service model. Read the Hotel News Now story here
German discount grocer Lidl opened its first US stores last week to big crowds responding to the promise of ultra-low prices on premium goods including organic food and private-label wine. The model, which includes a center store full of non-food “Lidl Surprises,” brings a new
Sears Canada was granted protection from its creditors, giving it 30 days to restructure under a plan that calls for the closure of 59 stores or about one-third of its locations. The retailer will shutter all 10 of its outlet stores and 20 full-line department
Rent to Own Auto Centers purchased a 19,000-plus square foot building at 8500 Watson Road after Tracker Boating Center The Fishin’ Hole boat sales business exited the location. Prior to usage by The Fishin’ Hole – a Tracker Marine boat dealership, the property was a
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