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.
Staples will close 70 stores in North America this year, after shuttering 48 locations in 2016, the office supply retailer said. The retailer is working to lessen dependence on physical stores and focus on online retail and business services. Read the Bloomberg story here
Chipotle will close all 15 of its ShopHouse restaurants on March 17 and offer jobs at Chipotle restaurants to all 300 affected employees, executives said. The Asian fast-casual concept, which launched in 2011, fell short of sales expectations. Read the Chicago Tribune story here
Taco John’s, which launched in 1969, has ramped up franchise growth in recent years and last year the 392-store chain signed 50 new franchisees. The chain sees Taco Bell as its only national rival, and fans who have come to love the brand are eager
Kroger will open a new 674,000-square-foot distribution center in Northern Kentucky this year that will serve stores and smaller regional distribution centers in the Eastern U.S. The $60 million facility will employ 100 people. Read The Cincinnati Enquirer story here
The 140-key Montage La Quinta hotel and 200-key Pendry La Quinta hotel are planned for the SilverRock Resort in La Quinta, Calif. Read the Patch.com story here
A mixed-use, three-tower project planned in Tampa, Fla., will be anchored by a 40-story tower and include apartments, a hotel, boat slips, offices, retail and restaurants. The project was approved by the City Council. Read the Tampa Bay Times story here
AccorHotels is investing beyond traditional hotels as the company envisions a future that includes private rentals and home-sharing. Accor recently purchased private rental company Travel Keys and has established Accor Local to attract residents to its Paris properties. Read the Hotel Management online story here
Dairy Queen is planning to add up to 86 restaurants in California over the next several years, with 10 new locations planned in Orange County alone. The restaurants will be branded as DQ Grill & Chill, with an emphasis on the company’s quickserve menu in
The Meridian Hotel that opened last month in Miami’s South Beach marks the U.S. debut of Argentina’s Urbanica brand. A second property, the Sofi, is planned for this year in the area. Read the Travel Weekly story here
The $90 million Castleberry Park development in Atlanta will include a 200-key Hard Rock hotel. Read the Commercial Property Executive story here
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