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EchelonSeaport Update 09/09/16

Two new Senior Vice Presidents join Seaport Square Block M development team, project groundbreaking imminent

In an official press release, developer Cottonwood Management announced Thursday that it has appointed Edward Vydra to Senior Vice President and Mike Schumacher to Senior Vice President of Development. Vydra and Schumacher will join Rebecca Mattson, Head of East Coast Development, in developing the $850 million-plus mixed-use Seaport Square Block M project, which is expected to break ground this fall. Vyrda will be the leading senior project executive for Seaport Square Block M, and Schumacher will oversee the successful implementation of all construction activities for the project.

The Seaport Square Block M project will entail the construction of three mixed-use towers featuring approximately 733 residential units, including both apartments and condominiums, and 125,000 square feet of retail located in the heart of the Seaport District on what is now a surface parking lot. “Cottonwood is preparing for a momentous few months with the groundbreaking of our first development project in Boston. Ed and Mike’s expertise is invaluable as we look to create a state-of-the-art residential community experience reflective of the Seaport District’s dynamic, innovative spirit,” says Alexander Shing, Chairman and CEO of Cottonwood Management Group.

Vydra and Schumacher have extensive backgrounds in commercial real estate (CRE). Vyrda previously served as a Managing Director at Taurus Investment Holdings and has also worked with Lend Lease Real Estate Investments, WS Development and CareMatrix. Schumacher previously held a 19-year tenure at Boston Properties, most recently serving as Vice President of Construction.

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