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.
Development team 1HWY1 has secured final approval for a $1.2 billion redevelopment of Seaport Village in San Diego. Work will include construction of a 480-foot-tall “SkySpire” observation tower, three hotels, an aquarium, dining and retail space and more. Read The San Diego Union-Tribune story here
An operator of Panera stores in greater Chicago has bought 25 area Wendy’s locations. Hamra Enterprises, a franchisee company based in Springfield, Mo. completed the purchase of 25 Wendy’s restaurants in the Chicago market from the company. Read the Chicago Tribune story here
Dollar General will introduce a new urban convenience store format called DGX, with the first stores slated to open in Nashville, Tenn., and Raleigh, N.C., next year. The 3,400-square-foot footprint will feature ready-to-eat foods and a soda fountain as well as grocery staples. Read The
Macy’s has given real estate investment firm Brookfield Asset Management a two-year exclusive deal to devise redevelopment plans for about 50 of the retailer’s owned and leased properties. The retailer has also sealed a deal to sell its men’s store in San Francisco’s Union Square
The Hyatt Place Edmonton/Downtown recently opened its doors, marking the first Hyatt Place-branded property in Canada. The hotel has 255 keys and 13,000 square feet of meeting facilities. Read the Commercial Property Executive story here
UrbanStreet Group is redeveloping Crestwood Plaza mall in the St. Louis area under a $104 million plan that will add entertainment, retail, restaurants and housing. Demolition of a 1.1-million-square-foot structure began recently, and construction is expected to take up to three years. Read the St.
An operator of Panera stores in greater Chicago has bought 25 area Wendy’s locations. Hamra Enterprises, a franchisee company based in Springfield, Mo., said Monday it completed the purchase of 25 Wendy’s restaurants in the Chicago market from the company. Read the Chicago Tribune story
Planned hotel units in New York City so far this year exceed 2015’s total by nearly 50%, an analysis of city data shows. Projects were slashed by nearly half last year after four straight years of growth. Read The Real Deal story here
Swedish retailer IKEA has officially begun construction on the proposed 290,000-square-foot store in Jacksonville, with opening slated for fall 2017. Read the Commercial Property Executive story here
A franchisee for Highland Park, Texas-based Dickey’s Barbecue Restaurants Inc., expects to open soon in Hilliard. It won’t be the first Dickey’s in Central Ohio. Another franchisee runs a pair of restaurants in Delaware County, but it will be the first in Franklin County. Read
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