Consigli breaks ground on Lendlease’s $500M Boston life science project
Consigli breaks ground on Lendlease’s $500M Boston life science project
Abstract
Lendlease and Montreal, Canada-based real estate management firm Ivanhoé Cambridge have broken ground on a $500 million life science project in Boston. The nine-story, 350,000-square-foot project is located in the mixed-use Boston Landing development in the city’s Allston-Brighton neighborhood. The project is slated to finish in 2024. It will have 60% of its space dedicated to labs and 40% to office space. Earlier in 2022, Ivanhoer Cambridge announced a separate joint venture with an initial equity investment of $50 million to develop in high-growth life science clusters around the U.S. and other U.N. life science centers around the United States.