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.
CitizenM is a 20-story, 300-room hotel being built from 210 modular pieces in New York City, a process that some say is perfect for a boutique hotel where a standard design is replicated for each room. Read the Curbed/New York story here
Construction on a 26-story hotel in Los Angeles should begin by the middle of the year and take two years to complete. The Spring Street Hotel will have a rooftop lounge, a parking garage with car elevator and many concrete features. Read the Curbed/Los Angeles
The private-equity firm owner of pizza and arcade chain Chuck E. Cheese is gearing up to take the company public or sell it outright later this year, sources said. An initial public offering would value the company at upwards of $1 billion, sources said. Read
Groupe Le Duff’s US subsidiary, Le Duff America, aims to expand its Bruegger’s Bagels and La Madeleine Country French Cafe chains by focusing more aggressively on franchising. The company will also revamp the menu at its Mimi’s Cafe chain and open up to six company-owned
Predictions from the Associated General Contractors of America and Dodge Data & Analytics indicate some growth in this year’s construction sector and general optimism about future infrastructure plans. However, the lack of skilled workers could limit the growth. Read the Daily Journal of Commerce story here
Wichita, Kan.-based restaurant chain Carlos O’Kelly’s is in the midst of a remodeling program launched after the chain closed 17 locations in 2014. The chain will have 12 remodeled eateries by the end of 2017. Read the The Wichita Eagle story here
Extell Development Co. and Parkland Group have obtained $65 million in financing from CIT Bank to buy Colorado’s Four Seasons Resort Vail. Its 134 keys include 24 suites. Read the Commercial Property Executive story here
A new parent company brand, Montage International, will encompass the growing array of operations previously managed by Montage Hotels & Resorts. Montage International plans to expand by up to 15 hotels by 2020. Read the Hotel Management online story here
Healthy fast-food chain Freshii has outlined plans to go public in an initial public stock offering on the Toronto Stock Exchange that’s expected to raise up to C$109 million. Read the Bloomberg story here
New York City restaurateurs are feeding the fervor for fermented foods with two new eateries that will focus on pickles. Maison Pickle offers various pickled vegetables, and the team behind The Pickle Guys is planning a new eatery devoted to fried pickles. Read the Eater
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