“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.” says Alex Shing, chairman and founder of Cottonwood Management. “Cottonwood is grateful to play such a significant role in the evolution of Boston's thriving Seaport District.”

Kohn Pederson Fox Associates completed the exterior design and master plan for the project. CBT Architects will be designing the residential space for the development.

At its Thursday session, the BRA Board approved eight other new residential projects across the city and a community center in Roxbury involving $478.2 million in combined investment. Three large mixed-use residential developments in Dorchester and Brighton accounted for 969 new units, while smaller projects in the Fenway, Mission Hill, South Boston, and West Roxbury will each add dozens of new units.

BOSTON—Cottonwood Management says that it plans to break ground on its more than 1 million-square-foot mixed-use M1 M2 project in the Seaport District this fall.

The Los Angeles-based real estate development and management firm, received final approvals from the Boston Redevelopment Authority's Board of Directors last Thursday regarding some design changes and its affordable housing obligations.

The project will involve 1.03-million-square feet of new development in three towers, including 900,000 square feet of rental and for-sale housing and 125,000 square feet of retail space that will be anchored by a central courtyard. The retail space is owned and managed by WS Development as part of its role as owner/developer of all retail planned within Seaport Square.

Cottonwood agreed to 90 affordable units for South Boston and to pay more than $3 million to support additional affordable housing, according to a statement by BRA Director Brian Golden. The MI M2 development, which sits on more than 3.5 acres at Seaport Boulevard and Pier Four Boulevard, is Cottonwood's first in South Boston's Seaport District.

“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.” says Alex Shing, chairman and founder of Cottonwood Management. “Cottonwood is grateful to play such a significant role in the evolution of Boston's thriving Seaport District.”

Kohn Pederson Fox Associates completed the exterior design and master plan for the project. CBT Architects will be designing the residential space for the development.

At its Thursday session, the BRA Board approved eight other new residential projects across the city and a community center in Roxbury involving $478.2 million in combined investment. Three large mixed-use residential developments in Dorchester and Brighton accounted for 969 new units, while smaller projects in the Fenway, Mission Hill, South Boston, and West Roxbury will each add dozens of new units.