Visa program offers promise to the poor — then breaks it

Visa program offers promise to the poor — then breaks it

EB-5 Visa, EB5 Visa, EB-5 Investment

The $900 million Echelon Seaport project on Seaport Boulevard will feature luxury condos and apartments. Above: the site in May.

It was the type of celebration that’s become commonplace in the Seaport District.

Investors, developers, and other real estate types mingled earlier this summer at a groundbreaking ceremony for Echelon Seaport — $900 million worth of luxury condos and apartments set to rise from a parking lot on Seaport Boulevard.

Under a big white tent, guests sipped cocktails and listened as Governor Charlie Baker and Boston Mayor Martin J. Walsh touted the glassy, gleaming business district sprouting around them.

Away from the festivities, Alex Shing of Los Angeles-based Cottonwood Management — the project’s developer — spoke about the strong interest from investors all over the globe who wanted to buy into Boston’s booming Seaport.



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