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.
The Fields at Pinnacle Hills development in Arkansas will include a boutique hotel, though its size is yet to be determined. Read the Arkansas Business story here
H&M is looking beyond its namesake stores to new retail concepts as the fast-fashion scene grows more competitive. The retailer’s COS stores focus on higher-end style, and a concept called Arket, set to launch in London this fall, will combine fashion, home goods and a
Seven & I Holdings, the Japanese parent of 7-Eleven, will purchase 1,110 Sunoco convenience stores in Texas and the Eastern U.S. in a $3.3 billion deal. The move is part of Seven & I’s bigger expansion into the U.S. c-store market, which also includes last
Eastern Outfitters will shutter some Eastern Mountain Sports and Bob’s Stores as part of a plan for UK-based Sports Direct International to acquire the US retailer, according to bankruptcy court documents, The Wall Street Journal reports. The 86-store regional chain filed for bankruptcy protection in
Rosewood Hotels and Resorts is rapidly expanding its global footprint, with 18 properties in its pipeline. Notable Rosewood properties include the Carlyle Hotel in New York and Hotel de Crillon in Paris. Read the Luxury Daily story here
Nashville, Tenn., may be in line for more than 12,000 new hotel rooms. Some industry executives call it one of the top 10 areas in the nation seeing this much growth. Read the WKRN-TV story here
The Main has opened its doors in Norfolk, Va., featuring 42,000 square feet of city-owned meeting space dubbed “The Exchange.” The $175 million hotel is more than 20 stories tall. Read The Virginian-Pilot story here
Dual-branding is becoming a popular option for hotels that enables both brands involved to share operations costs, but creating a seamless design can be tricky. Hilton‘s Hampton Inn and Homewood Suites in Chicago shows they are up to the challenge. Read the Hotel Business Design
Japanese clothing brand Uniqlo is adjusting its store strategy in the United States, closing locations in suburban malls and focusing on bigger stores in major cities, including New York and Washington, D.C. The move marks the retailer’s third attempt to build its brand in the
A construction boom is leading to higher costs for skilled labor in the hotel and other building sectors, with some owners reporting increases of as much as 30%. Hiring the right architects and engineers, using more advanced technology and considering prefabrication are potential steps to
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