Sales activity at EchelonSeaport could be a good barometer of what to expect in the Boston luxury condo market for 2020: healthy demand for smaller, more efficient units that appeal to buyers in the sub-$1 million range.
The market remains firmly tilted in sellers’ favor, but is beginning to show signs of a correction while two record-setting ultra-high-end condominium developments scheduled to open this spring in Back Bay and asking prices for Boston condos continue to rise.
If you’re a developer in Boston, Alexander Shing might want to give you a loan.
With steel framing work kicking off early this month, developer Cottonwood Management has begun marketing 447 luxury condominiums at the $950 million EchelonSeaport complex.
Developer Cottonwood Management has selected Jeffrey Beers International as interior designer for the 50,000 square feet of lobbies and common areas at 133 and 135 Seaport Boulevard, a pair of luxury condo towers in the $900 million EchelonSeaport project.
Cottonwood Management’s groundbreaking ceremony on its new $900 million, three-tower Seaport District development was more than just the latest mega-project to hit Boston via a new development player in town.
Cottonwood Management took the wraps off its new “Echelon” brand scheme – and chef Ming Tsai mixed custom cocktails for the occasion – at the site of a 1.3-million-square-foot residential and retail project that recently began construction in Boston’s Seaport District.
Cottonwood Management Group, which recently began site work on a $800 million residential and retail development in Boston’s Seaport District, has leased 8,800 square feet in the nearby 101 Seaport office tower for its new regional office.
