Elm Street Center Hotel Progressing

One of the two groups that started planning this project over 5 years ago has said they are working to make it a Wyndham Hotel. The tower would be located at the southwest corner of February One Place and Davie Street, could be built atop a new, 150-space parking-deck. The hotel could be joined with the existing 30,000-sqft banquet and meeting space to become a full service conference center. Greensboro News-Record

Hanes Mall Leases To H&M

H&M will be opening a store at Hanes Mall in November.

The 20,000-square-foot, two-level store will be between J.C. Penney and Ruby Tuesday. It will have a separate entrance from the parking lot, a grand staircase and an elevator.

H&M sells clothes and cosmetics in about 2,200 stores around the world.

The first store was opened in Sweden in 1947.

Honda Aircraft Expansion Grant Approved

$1 million grant to aid PTI in Honda projects

* The company would build two additional buildings — an 87,000-square-foot maintenance and repair operation valued at $20 million and a 100,000-square-foot aircraft parts distribution center worth $6.5 million.

The latter building likely would supply Honda’s other sales and service centers around the country.

* The 419 jobs associated with the project would be created between the fourth quarter of 2011 and the fourth quarter of 2014.

While the grant documents did not break down how many jobs would be provided by each part of the proposed expansion, a local official has called the manufacturing section “the big prize.”

* The construction phase would create between 397 and 490 jobs.
* Honda would expand its existing 67-acre campus at PTI by an additional 40 acres, apparently to accommodate the new buildings.