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.
PizzaRev is expanding in Tennessee by opening three locations in the Memphis area. The first restaurant was scheduled to open this week, and it features a self-pour system that will allow diners of legal age to serve themselves craft beer. Read The Commercial Appeal story
Dunkin’ Donuts will open a location near the Honolulu International Airport as it re-enters the Hawaii market. Dunkin’ Donuts reached a deal with Aloha Petroleum last year to bring 15 stores to Hawaii. Read The Business Journals/Honolulu story here
Hotels averaged a 65.5% occupancy rate in the US in 2016 – the highest occupancy rate ever recorded for a year – despite the new supply entering the pipeline, according to STR. There are 183,000 hotel rooms under construction in the US, a 30% increase
Daniel Humm and Will Guidara, the operators of high-end eateries including Eleven Madison Park, will open their first fast-casual concept in New York City next month. Made Nice will feature a menu of eight to 10 seasonal dishes priced between $12 and $15. Read the
Dollar General has debuted an urban test store in the Nashville, Tenn., market that’s designed to bring millennials into the discount chain. The DGX location is smaller than the retailer’s typical stores and it includes upscale decor, a coffee bar and a build-your-own pizza section.
Nashville’s restaurant count grew 10% between 2010 and 2016, compared to a 0.1% increase nationwide, and the area is gaining a reputation for culinary innovation. The market is home to about half of Tennessee’s 10,556 restaurants, according to NRA data, and statewide restaurant employment is
The 14-year-old Hotel Valencia Riverwalk in San Antonio, Texas, is embarking on a $10 million renovation. New features will include a library, living room, cafe, bar and restaurant. Read the Houston Chronicle story here
H&M will shift its focus from growing its physical presence by up to 15% annually to growing its in-store and e-commerce sales in local markets, The Wall Street Journal says. The move is aimed at setting the fast-fashion retailer up for better growth across sales
The parent of Canadian restaurant chain Tim Hortons, Restaurant Brands International, has sealed its first Latin American franchise deal with a Mexico-based investor group, the company said. Tim Hortons enters a market that has seen a growing number of homegrown and U.S. coffee and doughnut
Thompson Hotels is at work on multiple projects in Texas, including the Thompson Houston and the Thompson Dallas. A third Thompson hotel is on track to break ground this spring in San Antonio. Read the Houston Chronicle story here
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