{"id":1004680337,"date":"2023-09-15T02:56:17","date_gmt":"2023-09-15T10:56:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004680337"},"modified":"2025-06-06T08:37:11","modified_gmt":"2025-06-06T16:37:11","slug":"lendlease-jv-tops-off-545m-boston-life-science-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/","title":{"rendered":"Lendlease, Ivanho\u00e9 Top Out $545M Boston Life Science Project"},"content":{"rendered":"
\"FORUM\"<\/a>

FORUM will come online in 2024. Image courtesy of Lendlease<\/em><\/p><\/div>\n

A joint venture between Lendlease <\/strong>and Ivanho\u00e9 Cambridge <\/strong>has topped out FORUM, a 350,000-square-foot life science development in Boston. The $545 million project is scheduled for completion in 2024.<\/p>\n

The development is subject to a $315 million construction loan from Bank of China<\/strong>, according to CommercialEdge data. The developers acquired the 1.2-acre site for $67 million<\/a> in 2021. Consigli Construction Co. <\/strong>is serving as general contractor, while SGA <\/strong>is the architecture firm behind the design. JLL <\/strong>serves as the property’s leasing broker.<\/p>\n

The project broke ground in 2022<\/a> and is slated to achieve LEED Platinum certification. It will rise nine stories and feature 50,000-square-foot flexible floorplates, to accommodate either multiple- or single-floor tenants. It will comprise shared amenities on the third floor, along with a 7,000-square-foot terrace with cabanas and grilling stations, as well as an art gallery on the first floor. FORUM will also include a 284-stall parking garage with EV charging stations and storage space for 146 bicycles.<\/p>\n

Boston’s robust life science supply pipeline<\/h2>\n

Located at 60 Guest St., the site is part of Boston Landing, a 15-acre mixed-use development. The project is between Interstate 90 and North Beacon Street, roughly 6 miles west of downtown Boston and within walking distance of the Boston Landing train station. The building’s surrounding area includes the New Balance corporate headquarters, a fitness center and the Roadrunner music venue.<\/p>\n

As of July, 108 million square feet of office space was underway nationwide, a recent CommercialEdge report<\/a> shows. Life science properties accounted for 31 percent of the office development pipeline. Boston was the nation’s leader for under-construction office space, featuring a pipeline of 13.9 million square feet, most of which was lab space.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bank of China provided the $315 million construction loan.<\/p>\n","protected":false},"author":3120,"featured_media":1004680338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21782,21808,21742,10,21747],"tags":[47276,35454,33565,32796,33849,51572],"class_list":["post-1004680337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-development","category-featured","category-latest","category-northeast","category-office","tag-bank-of-china","tag-consigli-construction","tag-ivanhoe-cambridge","tag-jll","tag-lendlease","tag-sga"],"acf":[],"yoast_head":"\nLendlease, Ivanho\u00e9 Top Out $545M Boston Life Science Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A joint venture between Lendlease and Ivanho\u00e9 Cambridge has topped off FORUM, a 350,000-square-foot life science development in Boston.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lendlease, Ivanho\u00e9 Top Out $545M Boston Life Science Project\" \/>\n<meta property=\"og:description\" content=\"A joint venture between Lendlease and Ivanho\u00e9 Cambridge has topped off FORUM, a 350,000-square-foot life science development in Boston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-15T10:56:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-06T16:37:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/FORUM-jpg-e1694771740283.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1199\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/\",\"name\":\"Lendlease, Ivanho\u00e9 Top Out $545M Boston Life Science Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/FORUM-jpg-e1694771740283.jpg\",\"datePublished\":\"2023-09-15T10:56:17+00:00\",\"dateModified\":\"2025-06-06T16:37:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"A joint venture between Lendlease and Ivanho\u00e9 Cambridge has topped off FORUM, a 350,000-square-foot life science development in Boston.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lendlease-jv-tops-off-545m-boston-life-science-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/FORUM-jpg-e1694771740283.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/FORUM-jpg-e1694771740283.jpg\",\"width\":1199,\"height\":900,\"caption\":\"FORUM will come online in 2024. 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