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.
A 133-key AC Hotel by Marriott is coming to Pittsburgh next year, marking the brand’s debut in the Steel City. Read the Next Pittsburgh story here
American Water is constructing a new headquarters in Camden, N.J., that will be part of a $1 billion, mixed-use waterfront development. The master-planned project also will include a Hilton Garden Inn, retail space and residences. Read the KYW-AM story here
More than 60% of hotel owners said in a recent survey they are at least considering buying a hotel this year. In the business climate poll conducted before the annual Hunter Hotel Investment Conference, fewer respondents leaned toward selling or refinancing properties. Read the HotelNewsNow.com
Off-price fashion retailer Ross Stores has opened 23 namesake stores and five dd’s Discounts locations since last month, as part of a plan to open 90 new stores this year, according to Women’s Wear Daily. The retailer operates 1,561 stores under both banners and expects
RadioShack parent General Wireless Operations is closing about 200 stores and preparing to file for Chapter 11 bankruptcy protection, according to a Wall Street Journal story. Hedge fund Standard General acquired 1,700 RadioShack stores and the RadioShack brand name for around $26 million after the
AccorHotels is expanding in South America by buying a portfolio of hotels in Brazil for $63 million. Accor will take over management of 26 hotels in Brazil and plans to add up to 40 more per year over the mid-term. Read the Reuters story here
Elvis Presley’s Graceland has a new $45 million entertainment complex across the street that features exhibit space, stores and a theater. It’s part of a $137 expansion that includes a 450-room resort hotel that opened in the fall. Read The Indianapolis Star story here
Minneapolis has approved a mixed-use project that includes a 148-key Marriott Moxy hotel. Read the Star Tribune story here
The Carlton Hotel in New York’s Flatiron District will become the James New York NoMad this summer after extensive upgrades. It will feature 28 suites among its 344 keys. Read the Travel Weekly story here
TriCal Construction is proposing to build a 53-story dual-brand hotel across the street from the Los Angeles Convention Center. The project, designed by Gensler, would include 1,024 guest rooms, restaurants and a rooftop bar, but it could take up to three years for the city
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