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.
Eyewear retailer Warby Parker will open at least 25 new free-standing and mall stores this year, the Wall Street Journal reports. The new stores, which will open in areas including Miami and Los Angeles, will grow the retailer’s brick-and-mortar presence to about 70 stores.
A $200 million development may be coming to North Augusta, S.C., including a hotel under the Crowne Plaza flag. Plans include 180 rooms. Reads the WJBF-TV story here
Park Hotels & Resorts is in the early stages of planning a hotel or time-share development at Hilton Hawaiian Village Waikiki Beach Resort. The project would add an eighth tower to the 22-acre complex. Read The Business Journals story here
Marriott International is testing new concepts at Aloft and Element hotels, two boutique brands created by Starwood Hotels and Resorts Worldwide. At Element, Marriott is testing the concept of communal areas for groups of four guest rooms, and Aloft is debuting new healthy dining options.
Construction costs rose again in January on strength in labor and materials costs, according to IHS Markit and the Procurement Executives Group (PEG). The headline “IHS PEG Engineering and Construction Cost Index” registered 57.7 in January, the highest headline reading since September 2014 and up from
A $158 million mixed-use project with residential and office space, restaurants and a hotel is planned in Tallahassee, Fla. The project will preserve historical buildings and be the first park-amenity redevelopment in downtown Tallahassee. Read the Tallahassee Democrat story here
Two competing proposals for a major Milwaukee downtown redevelopment differ starkly in hotel configuration. Nexus by Jackson Street Holdings and Arrival Partners envisions three new hotels, while Marcus Corp.’s eMbarKE would add a 276-room, 11-story tower to the Hilton Milwaukee City Center property. Read The
Hilton is launching its second collection brand – the Tapestry Collection by Hilton, which is comprise of independent upscale hotels it says will cater to guests seeking reliability and value in their independent hotel choices. Read the story here
Marriott International stock has risen 21% since September, when the company announced its acquisition of Starwood Hotels & Resorts. The purchase made Marriott the largest hotel company in the world. Read the Nasdaq.com/Zacks Equity Research story here
Save-A-Lot will close 13 stores after deciding to leave the California and Nevada markets. The closings will allow the company to focus on areas where it has a bigger concentration of its 1,300 locations. Read the St. Louis Post-Dispatch story here
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