Cottonwood Management receives Boston Redevelopment Authority approval for M1 M2 development

Boston, MA Cottonwood Management, a real estate development and management company, received approval from the Boston Redevelopment Authority’s (BRA) board of directors for their first project in the city. Located in the Seaport District, the M1 M2 development is a 1.03 million s/f mixed-use project that includes home ownership and rental residential options, retail and public space, and occupies more than 3.5 acres at Seaport Blvd. and Pier Four Blvd. Having achieved BRA approval, Cottonwood now looks to solidify the next phase of planning and pre-construction activities for the project, which is slated to break ground in the fall of this year.

M1 M2 - Boston, MA

M1 M2 is one of the largest and final developments in Seaport Sq. planned for the heart of the Seaport District. Bringing unique architectural design to the Seaport, the project includes diverse heights and building materials to reflect the city’s eclectic skyline and to create a neighborhood-oriented, active urban streetscape. The completed project will include three towers consisting of 900,000 s/f of residential space along with 125,000 s/f of retail space, all anchored by a central courtyard which will serve as the focal point for the development to welcome visitors, neighbors and residents. Additionally, the pedestrian courtyard will be connected by several throughways allowing easy, convenient access for the public and those coming from other parts of the neighborhood to take advantage of the exciting retail offerings.

This development represents Cottonwood’s first major project in the Seaport District and will strengthen the company’s roots in the city as they continue to pursue dynamic projects and build their portfolio across the city. The exterior design and masterplan for the project was crafted by Kohn Pederson Fox Associates (KPF). CBT Architects will be designing the residential space and the retail space is owned and managed by WS Development as part of their role as owner/developer of all retail planned within Seaport Sq.

“We are thrilled to receive the support of the city. The M1 M2 development will enrich the fabric of the neighborhood with much-needed home ownership opportunities along with vibrant public space to benefit both residents, as well as visitors and people who work in the Seaport.” said Alex Shing, chairman and founder of Cottonwood. 

“Cottonwood is grateful to play such a significant role in the evolution of Boston’s thriving Seaport District.”

M1 M2 - Boston, MA

BRA director Brian Golden shared support for the project’s forward momentum stating, “The transformation of the South Boston Waterfront into a new neighborhood has infused so much energy in this part of the city, and it’s exciting for the momentum to continue with this development. Not only will it create hundreds of new home ownership opportunities on the waterfront, it will result in 90 much-needed affordable units for South Boston and over $3 million to support additional affordable housing.”

Established in 2011, Cottonwood Management, LLC is a privately-held real estate asset management and development company with approximately $2.5 billion in assets under management. Founded by a group of MIT graduates, Cottonwood Management’s team is comprised of a diverse group of dedicated, experienced real estate professionals with expertise in real estate acquisition, asset management and development. Cottonwood Management has offices in Los Angeles and Boston, with assets under management in major cities, including but not limited to, San Francisco, San Jose, Los Angeles, New York, Boston, Las Vegas, Phoenix and Houston.