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.
Development of office, industrial, warehouse, and retail space was responsible for 6.25 million American jobs for the 12 months ending October 2016, according to a report by the Commercial Real Estate Development Association. A breakdown of direct construction spending, which was up 3.4% for the
Hard Rock’s plan to rebrand the shuttered Trump Taj Mahal building in Atlantic City is generating positive buzz. The resort, which will feature two concert venues capable of seating 7,000 visitors, should debut in summer 2018. Read The Press of Atlantic City story here story
The founder of restaurant chain Famous Dave’s is building a new quickserve barbecue chain called Jimmie’s Old Southern BBQ Smokehouse. Dave Anderson, who launched the Wisconsin-based chain in 2015, opened the fourth location in Minneapolis. Read the Star Tribune story here
Developers are planning to convert an 1875-era building into a 49-room boutique hotel in downtown Louisville, Ky. Vision Hospitality Group spent $3.5 million for the five-story building in 2016. Read The Courier-Journal story here
With a newly approved eight-year property tax break for the developer, a mixed-use project in Tacoma, Wash., is getting closer to reality. The project could bring 247 market-rate apartments and 17,000 square feet of retail to the area in a $40 million plan from developer
A chart features 20 of the U.S.’ largest hotel and retail projects in the planning stages. Included are the $5 billion Forbidden City hotel project in Las Vegas and $2 billion expansion to the Mall of America in Minnesota. Read the Daily Commercial News story
Electronics and appliance retailer Hhgregg will liquidate and close all 220 of its stores by the end of next month, after failing to find a buyer for the chain. The 62-year-old retailer filed for Chapter 11 bankruptcy protection in March, and it held talks with
Marriott International will open seven new hotels in Scotland in coming year under the Aloft, Courtyard, Moxy, Residence Inn and W Hotels brands. The expansion will grow Marriott’s room total in Scotland by 75%. Read the BBC story here
Hard Rock’s plan to rebrand the shuttered Trump Taj Mahal building in Atlantic City is generating positive buzz. The resort, which will feature two concert venues capable of seating 7,000 visitors, should debut in summer 2018. Read The Press of Atlantic City story here story
Electronics and appliance retailer Hhgregg will liquidate and close all 220 of its stores by the end of next month, after failing to find a buyer for the chain. The 62-year-old retailer filed for Chapter 11 bankruptcy protection in March, and it held talks with
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