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.
The Limited announced that it is closing all 250 of its U.S. stores this week but will continue to sell apparel online. Trends favoring fast fashion contributed to the retailer’s decline, causing it to join the ranks of bankrupt PacSun, Aeropostale and American Eagle. Read
The Pearl of Seaside hotel project in Oregon has won a zoning variance from the local planning commission. The three-story structure with a penthouse floor and tower roof received a small height variance, but the developer did not win a variance for its original parking
The Coonamessett Inn in Falmouth, Mass., is set to be sold to Lark Hotels, becoming the boutique chain’s 20th property. Owners William and Linda Zammer ran the Cape Cod property for more than two decades. Read the Cape Cod Times story here
The prestigious Dallas hotel Mansion on Turtle Creek is set for expansion at a cost of more than $12 million. A parking garage and amenity deck are among additions coming to the nine-story property owned by CTF Development International. Read The Dallas Morning News story
Secondary markets such as Detroit, Charlotte, N.C., and Minneapolis will be the focus as home furnishings retailer West Elm spends 2017 expanding into the hotel business. DDK will manage the properties, which are expected to open in 2018. Read the Travel Weekly story here
Cheddar’s Scratch Kitchen has acquired 44 restaurants from Kentucky-based franchisee Greer Companies, which will retain ownership of the land and buildings and take a seat on the company’s board of directors. Texas-based Cheddar’s now owns 139 of its 164 US restaurants. Read the Lexington Herald-Leader
Midas Hospitality, a premier hotel management group, recently promoted Chris Shinkle to Senior Director of Development. Shinkle will manage the day-to-day operations of the company’s development team, which focuses on new hotels and acquisitions, as well as the organization’s renovation life cycle. His responsibilities include
A second Kimber Modern property and an 89-room hotel dubbed The Magdalena are among the hotel projects currently getting off the ground in Austin, Texas. Read the CultureMap story here
Restaurant chains including Marco’s Pizza, Dunkin’ Donuts, Tim Hortons and Chick-fil-A are in growth mode in Minnesota’s Twin Cities market. Marco’s, which operates in 35 states, is seeking franchisees in Minnesota with the goal of growing from three units in the area to 60 in
Amazon, Forever 21, Next Level Apparel and Authentic Brands Group have expressed interest in buying American Apparel, sources said. The retailers would have to offer more than Canadian apparel company Gildan Activewear, which submitted a $66 million bid for American Apparel when it filed for
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