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.
Building may start in June on the 52-room hotel sought by the owners of the Athenian Corner restaurant in Lowell, Mass. Two city boards recently approved the project. Read The Sun story here
The Inn and Spa at Loretto in Santa Fe, N.M., has been sold for an undisclosed price. Heritage Hotels and Resorts joined with an investor group led by Randy Talbot to purchase the property. Read the The Business Journals/Albuquerque, N.M. story here
Disney is asking guests whether they would stay at a hotel resort inside Star Wars Land, which will open at Walt Disney World‘s Hollywood Studios in 2019. Guest rooms would be designed to look like the interior of a starship. Read the Business Insider story
Construction costs rose in April on price strength in materials and equipment, according to IHS Markit and the Procurement Executives Group (PEG). The headline IHS Markit PEG Engineering and Construction Cost Index registered 57.0 in April, the sixth consecutive month of rising prices, and up
Ramsey County, Minn., is working on an agreement with Cardon Development Group that would bring a hotel, retail space and housing to the site of the former county jail. The four-star hotel would have 200 keys. Read the Star Tribune story here
Starbucks is negotiating for space for a Roastery store on Chicago’s Magnificent Mile, in a 35,000-square-foot building currently leased by Crate & Barrel. The high-end concept launched in Seattle, and the chain also has plans for new locations in New York, Tokyo, Shanghai and Milan
The new owner of the Bay Harbor Hotel in Tampa, Fla., has renovated the property, replacing its once-loud color scheme with natural tones and a nautical motif. Oxford Capital Group enlisted The Gettys Group to redo the hotel, which was once owned by the New
Luby’s has unveiled a new Fuddruckers format in the Houston market that it’s calling the future of the brand. The 147-seat eatery includes three self-ordering stations and an open kitchen facing a bar with counter seating. Read the Nation’s Restaurant News story here
Subway closed 359 restaurants last year, dropping its store count by 1.3%, but with 26,744 restaurants it’s still the US restaurant chain with the most units. The sandwich chain is working to revive sales amid growing competition, with the addition of delivery services and a
Fashion retailer Bebe Stores will shutter all 168 of its remaining stores by the end of May, the The Wall Street Journal reports. Last month, Bebe announced plans to close 21 underperforming stores and said it had hired B. Riley & Co. to explore options
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