{"id":919,"date":"2022-11-15T08:26:56","date_gmt":"2022-11-15T13:26:56","guid":{"rendered":"http:\/\/site.alliedbolt.com\/blog\/?p=919"},"modified":"2022-11-15T08:26:56","modified_gmt":"2022-11-15T13:26:56","slug":"boston-construction-news-consigli-breaks-ground-on-lendleases-500m-boston-life-science-project","status":"publish","type":"post","link":"https:\/\/site.alliedbolt.com\/blog\/boston-construction-news-consigli-breaks-ground-on-lendleases-500m-boston-life-science-project\/","title":{"rendered":"Boston Construction News: Consigli breaks ground on Lendlease\u2019s $500M Boston life science project"},"content":{"rendered":"<p><em>Reprinted from <a href=\"https:\/\/www.constructiondive.com\/news\/consigli-breaks-ground-on-lendleases-500m-boston-life-science-project\/632858\/\" rel=\"noopener\" target=\"_blank\">constructiondive.com<\/a><\/em><\/p>\n<h2>Rendering of Forum, Lendlease and Ivanho\u00e9 Cambridge\u2019s nine-story, 350,000-squarefoot life science and office development.<\/h2>\n<h3 class=\"standard-heading\">Dive Brief:<\/h3>\n<ul>\n<li>Australian developer Lendlease and Montreal, Canada-based real estate management firm Ivanho\u00e9 Cambridge have broken ground on a $500 million life science project in Boston.<\/li>\n<li>The two companies joined local officials last week to turn dirt on the Forum, a nine-story, 350,000-square-foot project located in the mixed-use Boston Landing development in the city\u2019s Allston-Brighton neighborhood.<\/li>\n<li>Milford, Massachusetts-based Consigli will serve as the project\u2019s general contractor and BR+A Consulting Engineers as project engineer. The project is slated to finish in 2024,\u00a0<a href=\"https:\/\/www.lendlease.com\/us\/media-center\/media-releases\/lendlease-and-ivanhoe-cambridge-break-ground-on-forum\/\">according to Lendlease<\/a>.<\/li>\n<\/ul>\n<h3 class=\"standard-heading\">Dive Insight:<\/h3>\n<p>The project will have 60% of its space dedicated to labs and 40% to office space.<\/p>\n<p><a href=\"https:\/\/www.constructiondive.com\/news\/expert-tips-to-capitalize-on-the-life-sciences-boom\/604994\/\">Demand for life science buildings<\/a>\u00a0has outpaced supply, as growth in vaccine development contributes to larger trends in the pharmaceutical and biotech industries. While offices have faced high vacancy rates as a result of the COVID-19 pandemic, life science projects, especially in hubs like Boston and San Diego, have not.<\/p>\n<p>But life science projects require more consideration for unique building codes, lots of planning upfront and specialized infrastructure, making them a complex undertaking.<\/p>\n<p>This is the first life science project for the developer team, but likely won\u2019t be the last. Earlier in 2022,\u00a0<a href=\"https:\/\/www.prnewswire.com\/news-releases\/ivanhoe-cambridge-partners-with-lendlease-to-invest-in-life-science-developments-301486794.html\">Ivanho\u00e9 Cambridge announced<\/a>\u00a0a separate joint venture with an initial equity investment of $500 million to develop in high-growth life science clusters around the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian developer Lendlease and Montreal, Canada-based real estate management firm Ivanho\u00e9 Cambridge have broken ground on a $500 million life science project in Boston.<\/p>\n","protected":false},"author":1,"featured_media":920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[239,448,324],"tags":[26,6,7,22,430,140,4,457,56,57,64,317,24,458,433,325,50,61,12,20,18,19,21,393,387,100,63,42,5,13,16,14,15,17,441,43,47,101,53,283,449,27,23,10,3,58,65,70,67,69,66,68,44,46,8,49,48,55,238,232,233,236,9,51,45,40,11,52],"class_list":["post-919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston-construction-news","category-massachusetts-construction-news","category-news","tag-allied-bolt-and-screw-corp","tag-anchor-bolts","tag-bolts","tag-boston-bolt-and-screws","tag-boston-construction","tag-boston-construction-news","tag-boston-construction-supplies","tag-boston-life-science-project","tag-brass","tag-bronze","tag-carriage-bolts","tag-carriage-bolts-gr-8-zinc-yellow","tag-chicago-bolt-screw","tag-consigli","tag-construction-drive","tag-covid-19","tag-deck-screws","tag-f1554-grade-55-threaded-rod","tag-f1554-plain-steel-bolts","tag-f1554-plain-steel-nuts","tag-f1554-plain-steel-rods","tag-f1554-plain-steel-studs","tag-f1554-plain-steel-washers","tag-fenway-construction","tag-greater-boston-development","tag-hard-hats","tag-heavy-duty-hollow-wall-anchors","tag-hex-bolts","tag-hot-galvanized-anchor-bolts","tag-hot-galvanized-bolts","tag-hot-galvanized-nuts","tag-hot-galvanized-rods","tag-hot-galvanized-studs","tag-hot-galvanized-washers","tag-infrastructure-package","tag-lag-bolts","tag-machine-screws","tag-masks","tag-masonry-anchors","tag-massachusetts-construction-news","tag-massdevelopment","tag-neil-goldberg","tag-new-york-construction-supply","tag-nuts","tag-nuts-bolts","tag-nylon","tag-nylon-bolts","tag-nylon-hinged-screw-covers","tag-nylon-nuts","tag-nyl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