{"id":1004587847,"date":"2022-06-27T03:46:40","date_gmt":"2022-06-27T11:46:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004587847"},"modified":"2022-12-09T02:22:15","modified_gmt":"2022-12-09T10:22:15","slug":"lpc-west-intercontinental-kickstart-life-science-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lpc-west-intercontinental-kickstart-life-science-project\/","title":{"rendered":"Lincoln Property, Intercontinental Kickstart Life Science Project"},"content":{"rendered":"<div id=\"attachment_1004587899\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/222-Fifth_NW.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004587899\" data-attachment-id=\"1004587899\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lpc-west-intercontinental-kickstart-life-science-project\/222-fifth_nw\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/222-Fifth_NW.jpg\" data-orig-size=\"814,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"222 Fifth_NW\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;222 Fifth. Image courtesy of Gensler &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/222-Fifth_NW.jpg?w=814\" class=\"wp-image-1004587899 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/222-Fifth_NW.jpg?w=300\" alt=\"LPC West and Intercontinental Real Estate Corp. broke ground on 222 Fifth in Seattle. \" width=\"300\" height=\"221\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/222-Fifth_NW.jpg 814w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/222-Fifth_NW.jpg?resize=300,221 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/222-Fifth_NW.jpg?resize=768,566 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004587899\" class=\"wp-caption-text\">222 Fifth. Image courtesy of Gensler<\/p><\/div>\n<p><strong>LPC West<\/strong> is adding another life science project to its Seattle portfolio through its nine-story development with <strong>Intercontinental Real Estate Corp<\/strong>. The partners broke ground on 222 Fifth and are expecting to complete the project in early 2024.<\/p>\n<p>The 197,000-square-foot life science development will be purpose built for research use, offering outside air exchange, dedicated emergency power, side-loaded floors designed for lab layouts, ample ceiling heights and a loading dock specifically made for lab use. The developers are also incorporating on-site security, a coffee shop, evening bar and a 10,000-square-foot outdoor viewing deck.<\/p>\n<p>J.P. Harlow, senior vice president at LPC West, said in prepared remarks that 222 Fifth will have specifications and amenities for life science uses that exceed other similar facilities in the city. LPC West and Intercontinental tapped <strong>Gensler<\/strong> to design the building, while CBRE will be the project\u2019s leasing advisor.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/adaptive-reuse-or-new-construction-considerations-for-life-sciences\/\">Adaptive Reuse or New Construction? Considerations for Life Sciences<\/a><\/p>\n<hr>\n<p>Once completed, 222 Fifth will be the anchor for the South Lake Union Innovation District, which stretches a third of a city block in downtown Seattle. The mixed-use district calls for residential and retail space and has several projects already underway. One of the projects, SiteLine Luxury Apartments, will include 181 luxury apartments, 43 affordable units and 50,000 square feet of retail space when completed in 2023.<\/p>\n<h2>Building out Seattle\u2019s life science hub<\/h2>\n<p>Along with 222 Fifth, LPC West is working on another life science project in Seattle. In a partnership with <strong>Invesco Real Estate<\/strong>, the company is converting <a href=\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/\">The Cascadian<\/a>, a recently built nine-story office building, into a life science facility. LPC West and Invesco acquired the property from a joint venture between <strong>Unico Properties<\/strong> and <strong>Partners Group<\/strong>, which completed the development in 2021.<\/p>\n<p>Beyond Seattle, LPC West also owns and operates more than 5.5 million square feet of life science facilities on the West Coast. Previously, the company and its joint venture partner <strong>Angelo Gordon<\/strong> acquired a 240,904-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/lpc-west-angelo-gordon-partnership-to-buy-pasadena-office-campus\/\">office campus<\/a> in Pasadena, Calif., that is also being renovated with lab spaces.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scheduled for completion in 2024, the new development heralds the launch of the South Lake Union Innovation District in Seattle. <\/p>\n","protected":false},"author":883,"featured_media":1004587899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21754,21742,21747,15],"tags":[33012,32962,33882,34331],"class_list":["post-1004587847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-medical-office","category-latest","category-office","category-west","tag-gensler","tag-intercontinental-real-estate-corporation","tag-invesco-real-estate","tag-lpc-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lincoln Property, Intercontinental Kickstart Life Science Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"LPC West and Intercontinental Real Estate Corp. broke ground on 222 Fifth in Seattle. 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