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.
Famous Dave’s of America will sell its 33 company-owned restaurants to franchisees by 2019, to focus on areas including product development and marketing, the company said. Franchisees already operate 135 of the Minnesota-based barbecue chain’s locations. Read the Star Tribune story here
The conventional wisdom that online retail is killing malls and brick-and-mortar stores isn’t the true story. Retail spending rose 17% in the past five years, and as some chains downsize, others including Dollar General, Target and Best Buy are expanding and creating experiences that draw
The Citadines brand is coming to the Big Apple in 2018 and will replace Hotel Central Fifth Avenue New York following a $50 million renovation. The property has 125 keys. Read the Business Traveller story here
The Waldorf Astoria New York, which is undergoing an extensive renovation, has received approval from the Landmarks Preservation Commission to bring back 1931 design features. The work will take two to three years, and the property will reopen under a long-term management contract with Hilton.
Guests at the Bardessono Hotel & Spa in Yountville, Calif., will enjoy a new array of desserts and pastries thanks to a partnership between the resort and chef Thomas Keller’s Bouchon Bakery. Complimentary Artisanal Breakfast Bites also are part of the deal. Read the Hotels
A 90-room hotel oriented toward business travelers should be built in the Historic Town Square of Roswell, Ga., a consulting group recommends. Roswell’s economic development body commissioned the Atlanta-based Highland Group to conduct a feasibility study. Read The Atlanta Journal-Constitution story here
Work has started on a project that will bring two hotels to La Quinta, Calif., in 2019. The 140-key Montage La Quinta and 200-key Pendry hotels will open simultaneously. Read The Desert Sun story here
Yum Brands will invest $130 million in equipment upgrades, technology and advertising to revive the Pizza Hut chain through the end of next year. A similar move at sibling chain KFC in 2015 resulted in same-store sales increases for 11 quarters. Read the CNBC story
Yoga wear retailer Lululemon will expand its 2,900-square-foot store in Chicago’s Gold Coast neighborhood into a flagship, said Acadia Realty Trust, which owns the building. The remodel will incorporate an adjacent 2,300-square-foot store that’s currently occupied by Brioni. Read the Chicago Tribune story here
FMI‘s Nonresidential Construction Index fell 1.1 points in the second quarter, but the company is anticipating 6% growth in construction spending in 2017. Here, FNI shares forecasts for several key construction sectors, including manufacturing and commercial. Read the ForConstructionPros/FMI story here
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