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 DoubleTree by Hilton Hotel Houston Downtown has been bought by Brookfield Property Partners, owner of the adjacent Allen Center office complex. The company is spending $48.5 million to renovate the business center and plans a makeover of the hotel. Read the Houston Chronicle story
Marriott International is folding its eight high-end brands into a new Luxury Brands Group in carrying through on its merger with Starwood Hotels and Resorts Worldwide. Thirty hotels will be opened under the umbrella group next year, and 150 are planned after that. Read the
Watches of Switzerland, which sells luxury brands, including Patek Philippe and Rolex, will make its U.S. debut at the new Hudson Yards retail project in New York City in 2018. The center will include international brands such as Zara and H&M, and the city’s first
Jewel-Osco will open a high-end grocery on Clark and Division streets in downtown Chicago next year, on the site of an older store the retailer closed in 2015. The 45,000-square-foot flagship will include a full-service bar and in-store fresh food dining options. Read the Chicago
Melco Crown Entertainment plans to open a Morpheus hotel in 2018 in Macau and plans to launch other hotels throughout the region. An analyst points out the $1 billion hotel will expand Melco’s nongaming business, a move many companies are making now. Read the Bloomberg
Jewel-Osco will open a high-end grocery on Clark and Division streets in downtown Chicago next year, on the site of an older store the retailer closed in 2015. The 45,000-square-foot flagship will include a full-service bar and in-store fresh food dining options. Read the Chicago
Luxury resort hotels are being planned along Mexico’s once rough-edged southern Baja California coastline. The developing upscale luxury destination is home to several hotel and residential projects by high-end chains, including Nobu, Four Seasons and Ritz-Carlton. Read The New York Times story here
Increasing visitation to New Hampshire’s Mount Washington has inspired plans for a luxury hotel a mile from the top of the highest peak in the Northeast. Owners of a historical cog railway that runs up the mountain want to build the hotel and have the
Logan’s Roadhouse steakhouse has emerged from bankruptcy and is launching a new menu and marketing campaign as part of an effort to revitalize the brand. The chain, which has 195 company-operated and 26 franchised restaurants in 20 states, recently shuttered 34 “underperforming” restaurants. Read the
Marriott International has 17 properties in its development pipeline for Latin America and the Caribbean. Marriott operates 20 brands and 200-plus properties across the region. Read the Commercial Property Executive story here
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