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 historical Carolina Theatre in Charlotte, N.C., will see a $42 million transformation and then become the base for a 250-key InterContinental hotel. Work on the project is scheduled to begin in May. Read The Charlotte Observer story here
Work started five months ago on the $250 million entertainment complex called Texas Live in Arlington, Texas, and a groundbreaking ceremony was held recently. The project includes a hotel and convention space and is part of a $1 billion Major League Baseball stadium project. Read
Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America.
Target‘s new store format will feature an in-store beer and wine boutique when it opens in Richmond, Texas, this fall. The retailer’s new footprint, which will eventually roll out to 500 locations, will have two separate entrances to make it easier to customize the shopping
Industry insiders are predicting an uptick in hotel transactions in 2017. Read the HotelNewsNow.com story here
La Quinta invested heavily to elevate its brand in 2016, with investments planned for approximately 50 company-owned hotels. Read the Hotel Business story here
Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America.
Restaurateur Andrew Gruel has opened two new concepts in Trade Food Hall in Orange County, Calif., that he expects to eventually co-brand nationally in a model similar to combined Taco Bell/Pizza Hut units. Chicken concept Two Birds serves locally raised Jidori chicken, and Butterleaf is
FirstBank, a leading boutique bank offering an extensive suite of services for personal and professional financial requirements, awarded a $22,250,000 construction loan to Saber 1800 Alton LLC, to finance the development of a retail project with 32,491 square feet of leasable space, 70 percent of
Olive Garden parent Darden Restaurants will acquire 165-unit Cheddar’s Scratch Kitchen for $780 million, the companies said. Texas-based Cheddar’s operates casual dining eateries in 28 states, with menus that feature entrees priced at less than $10. Read the Orlando Sentinel story here
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