Lendlease, Ivanhoé Break Ground on $500M Life Science Building
FORUM will soon rise in Boston’s Allston-Brighton neighborhood.
Lendlease and Ivanhoé Cambridge have broken ground on FORUM, a $500 million life science project in Boston. Scheduled for completion in 2024, the 350,000-square-foot building marks the first life science development partnership between the two companies.
Designed by SGA, FORUM aimis to achieve LEED Platinum, WiredScore Platinum and Fitwel certification. Consigli Construction Co. is the general contractor and BR+A Consulting Engineers will serve as project engineer.
The development team is partnering with the MassBioEd foundation to foster workforce development across the life science industry. The building’s common areas will be used for programming, which is meant to help students and career seekers to acquire more information and develop their skills in the field.
Back in 2021, the two companies acquired the construction site for $67 million. Earlier this year in February, Lendlease and Ivanhoé Cambridge announced a separate joint venture to invest $500 million of equity in the development of lab, office and manufacturing projects in various life science clusters across the U.S., including Boston, Bay Area and San Diego.
The FORUM at the heart of Boston Landing
The nine-story building will encompass 60 percent lab space and 40 percent office space. The 40,000-square-foot flexible floorplates on floors two through nine will be occupied by multiple and single tenants. The property will feature meeting spaces with AV equipment. Common-area amenities will include a shared kitchen and eating area, a 7,000-square-foot terrace with seating areas, grilling stations and Wi-Fi. The tenants will have access to storage for 146 bicycles, on-site locker rooms and 288 parking spots with electric vehicle charging stations.
FORUM will be developed within Boston Landing, a 15-acre mixed-use community located in the Allstone-Brighton neighborhood. The property is located at 60 Guest St., 6 miles from downtown Boston and 3 miles from Cambridge, with access to Mass Pike. Transportation options are available in the immediate area, including Boston Landing station and buses that connect to 64, 86, 70 and 70A routes. Boston Landing hosts the headquarters of New Balance, as well as practice facilities for the Celtics and Bruins.
