COTTONWOOD MANAGEMENT NEW BOSTON OFFICE

Cottonwood Management Group is solidifying its presence in the East Coast real estate market with the opening of its new Boston regional office at 101 Seaport Boulevard in the burgeoning Seaport District. Simultaneously this month, the California-based asset management and development company has commenced pre-construction on its Seaport Square Parcel M1M2 development next door.

“This is a major milestone for our team, to open our new office space and to start pre-construction in the same month. M1M2 is Cottonwood’s first Boston project to break ground, and we look forward to expanding in Boston along with our other activities on the East Coast,” stated Alexander Shing, Chairman and Chief Executive Officer of Cottonwood.

One of the city’s largest and most anticipated developments in the Seaport, the M1M2 Project consists of 1 million+ square feet of mixed use development over 3.5 acres in Seaport Square. The residential component includes 730+ residential units, with two condominium towers and one luxury rental tower. In addition to the residences, the project includes 125,000 square feet of premiere two-story retail and restaurants centered around a vibrant public courtyard. Construction is scheduled to span three years with phased completion dates in late 2019 to early 2020.  

“Cottonwood Management views the East Coast as critical to our long term strategic plans”, remarked Shing. “The M1M2 project embodies the creativity, luxury and 21st century sensibilities that will permeate all of Cottonwood’s future projects and investments. Our new Boston office allows us to develop our Seaport project while identifying other opportunities in East Coast urban centers.”  

In addition to its regional office, part of Cottonwood’s Seaport Boulevard space will be used as the future sales center for the project’s residential component. Cottonwood is developing this space to be immersive and reflective of the technology, design, and amenities that will distinguish the property.  

Cottonwood is preparing for an official groundbreaking for the project, anticipated in May 2017, to occur upon completion of the initial pre-construction phase of work. 

About Cottonwood Management

Headquartered in Los Angeles with offices in Boston and New York, Cottonwood Management is a privately-held real estate asset management and development company with over USD 2 billion in assets under management. Building on its entrepreneurial, private equity roots, Cottonwood combines in-house structured finance capabilities with their operational expertise to unlock the full value of real estate opportunities. Its structured finance and real estate teams are comprised of seasoned private equity, finance and real estate professionals with national and international expertise in acquisitions, asset management and development. In addition to Los Angeles, Boston and New York, the Company also manages real estate assets in other major US cities including San Francisco, Seattle, San Jose, Las Vegas, Phoenix and Houston. 

Additional information is available at www.cottonwoodmgmt.com.

 

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