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.
At a seasonally adjusted annual rate of $706.4 billion, new construction starts in February rose 2% from the previous month, according to Dodge Data & Analytics. This was the second straight monthly increase, following a 15% hike in January, as construction starts regained the upward
A redevelopment project is bringing a new 13-floor hotel to the Old Town neighborhood in Chicago where a shuttered, beloved restaurant stands. O’Brien’s Restaurant & Bar is likely to reopen as a ground-floor anchor for the project. Read the Curbed story here
The Graduate Roosevelt Island hotel is slated for a 2019 opening in New York City. The brand currently has six properties in its portfolio, according to the The Washington Post.
A developer plans to turn the former Atlantic Club casino in Atlantic City, N.J., into a family-friendly water park. The company will invest $135 million to renovate the hotel and construct the park. Read the NorthJersey.com/The Associated Press story here
Kansas-based franchisee NPC International will acquire 62 Wendy’s restaurants in Pennsylvania from Valenti Mid-Atlantic Management for $52.6 million. It’s the seventh Wendy’s acquisition since 2013 for NPC, which will operate 246 Wendy’s restaurants when the deal closes. Read the Nation’s Restaurant News story here
Whole Foods Market is targeting loyal customers and focusing on the shopping experience at its new store opening in Chicago’s Lakeview neighborhood next week. The 75,600-square-foot store will include offerings such as a wine bar, juice bar, coffee shop and a large selection of in-store
Wahlburgers, a hamburger chain founded by actors Mark and Donnie Wahlberg and led by their brother Paul as executive chef, is expanding to the greater New Orleans area with two restaurants. Read the WWL-TV story here
Dollar General is adopting some of Wal-Mart‘s strategies in its push to increase sales, including beefing up pay and training for managers and cutting prices. The discount chain, which will open 1,000 new stores this year, is also investing in digital, opening smaller stores and
Best Western hopes to expand its footprint in Asia by 40% in upcoming years. The company has 107 hotels on the continent, and one significant expansion will be 4,000 guestrooms in Thailand. Read the Hotel Management online story here
A 174-room edition of Moxy Hotel will be developed on the former Saks Fifth Avenue property in downtown Pittsburgh. The boutique brand of Marriott International anchors the second phase of a redevelopment that includes a parking garage, 56 loft apartments and 30,000 square feet of
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