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.
Wendy’s will add self-ordering kiosks at about 1,000 of its restaurants this year, after testing the touchscreens at some locations in central Ohio. The chain expects to install about three kiosks per restaurant, as part of a push to appeal to younger consumers. Read The
The luxury hotel market will surpass $20.4 billion by 2022, according to Allied Market Research. In 2015, Allied says the market was valued at $15.5 billion. Read the eTurboNews story here
Florida’s 375-key Ritz-Carlton, South Beach has completed an update to its Club Lounge. The hotel will open a spa later this month. Read the Travel Weekly story here
The 1 Hotel Brooklyn Bridge is ready to open as the third property under the 1 Hotel brand. Brooklyn Bridge is 1 Hotel’s first new-build property. Read the Bloomberg story here
Heart of America Group is on track to break ground on the 202-key Hotel Renovo in Fort Worth, Texas, sometime this year. The project will cost an estimated $47 million. Read the Fort Worth Star-Telegram story here
A 344-acre mixed-use development that includes a hotel, homes and retail stores has been proposed in Hyde Park, N.Y. The hotel is one of the first projects on the list and would feature 140 keys. Read the Poughkeepsie Journal story here
Nordstrom’s Rack division saw higher same-store sales and a jump in total revenue in the quarter ending Jan. 28, as online sales grew along with the rise in spending at the off-price stores, the company said Thursday. The growth offset a drop in same-store sales
Kohl’s aims to move some of its larger stores into smaller spaces to cut overhead and boost profits without closing stores and exiting markets altogether. The retailer closed 19 stores last year, and began testing a 35,000-square-foot store format. Read the CNBC story here
J.C. Penney will shutter as many as 140 stores and two distribution centers in the coming months, and offer voluntary retirement packages to 6,000 employees, the retailer said Friday. The department store operator booked its first annual profit since 2010, and the closures will allow
InterContinental Hotels Group is culling properties that do not meet the company’s exacting standards, according to company executives. Read the Skift story here
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