Seaport Entertainment sells 250 Water Street development to Tavros for $150.5M

Seaport Entertainment Group Inc.

Sale price of $150.5M with potential increase to $152.0M; non-refundable deposit of $6.0M (up to $8.5M) due at signing.
Property is a one-acre site entitled for 26-story mixed-use building with up to 399 residential units and ~200K sq ft commercial/retail space.
Closing expected before end of 2025, subject to closing conditions; deposit non-refundable if conditions met.
Proceeds intended to enhance balance sheet and support growth opportunities, per CEO Anton Nikodemus.
Buyer is Tavros Holdings LLC, a private NYC real estate firm; no material relationship with SEG aside from agreement.

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