Business
Seaport Entertainment Group Completes Sale of 250 Water Street Development Project
NEW YORK, February 06, 2026--Seaport Entertainment Group Inc. (NYSE: SEG) announced today it has successfully completed the sale of the mixed-use development project located at 250 Water Street for a sale price of $143.0 million to Tavros, a privately owned real estate investment management and development firm based in New York City.
About this update from Seaport Entertainment Group Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":240,"url":"https://media.zenfs.com/en/business-wire.com/8c4e0d59e0e9526b3e6504e71c7bacd6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6xVHH.3h8i1ekV3oH6P3Pg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/8c4e0d59e0e9526b3e6504e71c7bacd6","width":480,"height":240}},"lazy":false},{"type":"text","content":"NEW YORK, February 06, 2026--(BUSINESS WIRE)--Seaport Entertainment Group Inc. (NYSE: SEG) announced today it has successfully completed the sale of the mixed-use development project located at 250 Water Street for a sale price of $143.0 million to Tavros, a privately owned real estate investment management and development firm based in New York City.","length":353,"tagName":"p"},{"type":"text","content":"250 Water Street was originally acquired by Howard Hughes Holdings, the Company’s former parent, in June 2018. The one-acre site spans a full city block, bordered by Peck Slip, Pearl Street, Water Street, and Beekman Street, and is currently entitled for the construction of a 26-story, mixed-use building with up to 399 market-rate and affordable residential units and approximately 200,000 square feet of commercial, retail and community space.","length":446,"tagName":"p"},{"type":"text","content":"SEG was represented in this transaction by a JLL team led by Andrew Scandalios, Ethan Stanton, and Nicco Lupo.","length":110,"tagName":"p"},{"type":"text","content":"About Seaport Entertainment GroupSeaport Entertainment Group (NYSE: SEG) is a premier entertainment and hospitality company formed to own, operate, and develop a unique collection of assets positioned at the intersection of entertainment and real estate. Seaport Entertainment Group’s focus is to deliver unparalleled experiences through a combination of restaurant, entertainment, sports, retail and hospitality offerings integrated into one-of-a-kind real estate that redefine entertainment and hospitality. For more information, please visit www.seaportentertainment.com.","length":575,"tagName":"p"},{"type":"text","content":"About TavrosTavros is a privately-owned real estate investment management and development firm. They invest on a discretionary basis, with a strong focus on ...