other material
confidence high
sentiment neutral
materiality 0.70
Seaport Entertainment Group Inc. (SEG): M&A transaction — Seaport Entertainment Group sells 250 Water Street development project for $143M to Tavros
Seaport Entertainment Group Inc.
- Sale price of $143.0 million for mixed-use development site at 250 Water Street, New York.
- Buyer is 250 Water Street Owner LLC, an affiliate of Tavros Holdings LLC (privately owned real estate firm).
- Property entitled for a 26-story building with up to 399 residential units and ~200,000 sq ft commercial/retail/community space.
- Closing occurred on February 6, 2026; no material relationship between buyer and Seaport Entertainment.
- Company represented by JLL team; proceeds not disclosed.