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.
7-Eleven parent Seven & I Holdings will sell off unprofitable businesses in Japan and expand its convenience store chain in North America through acquisitions, the The Wall Street Journal reports. The company operates almost 8,900 stores in Canada and the US, and it expects to
Over the next ten years, Checkers plans to open as many as 41 restaurants in and around Baltimore, an area that currently boasts 14 locations. Two of the chain’s three restaurants that earned more than $2 million in 2015 were based in Maryland. Read The
The 175-acre Great Park under construction in Irvine, Calif., will include facilities for soccer, tennis and beach volleyball. The project is part of a larger development that includes 9,500 new homes. Read The Orange County Register story here
Developer Tom Winkopp plans to build a 41-room luxury hotel near Frank Howard Field, home of the Clemson (S.C.) University football team. The Abernathy will feature kitchenettes and space for families, with staff sporting handkerchiefs in the team color of orange. Read The Post and
Wal-Mart will cut back significantly on new supercenter and Neighborhood Market openings next year and focus more resources on increasing sales online and at existing stores. The retailer will spend a greater share of its capital expenditures budget on digital initiatives and it has set
Six Senses Hotels Resorts Spas is planning to open its first U.S. property inside New York’s The Eleventh development, the The Wall Street Journal reports. The hotel will have 137 rooms.
Brazilian steakhouse chain Fogo de Chao has helped define the profitable concept since it opened its first U.S. restaurant in Dallas more than two decades ago. Since then, the chain has grown to 42 locations in the United States, and was sold for $400 million to
A Fresh To Order franchisee plans to add 10 locations in Indianapolis, with the first one scheduled to open early next year. The brand, founded in 2006, has also announced recent deals to bring locations to Philadelphia and Chicago. Read the Indianapolis Business Journal story
Turner Construction is building the $557 million arena for the NBA’s Sacramento Kings, and the project has become the first sports arena to earn LEED Platinum certification. It’s one of about 30 LEED-certified sports venues in the country. Read the Construction Dive story here
A Broomfield pizza chain has big expansion plans in the United States, saying it expects to open 16 new restaurants in eight states. Old Chicago Pizza & Taproom officials said that three existing franchisees will open the new locations: The Collier Group will develop seven
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