Seaport Entertainment Group Reaches Deal to Sell 250 Water Street Development to Tavros for $150.5 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
0mins
Source: Newsfilter
Sale Announcement: Seaport Entertainment Group Inc. has agreed to sell the mixed-use development project at 250 Water Street for $150.5 million to Tavros, a New York City-based real estate firm.
Project Details: The site is entitled for a 26-story building with up to 399 residential units and approximately 200,000 square feet of commercial space, originally acquired by Howard Hughes Holdings in June 2018.
Financial Terms: The agreement includes a $6 million non-refundable deposit due at signing, which could increase to $8.5 million, and the sale price may rise to $152 million before closing, expected by the end of 2025.
Company Background: Seaport Entertainment Group focuses on entertainment and hospitality, while Tavros emphasizes quality partnerships and tenant experiences in real estate investment and management.
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Analyst Views on JLL
Wall Street analysts forecast JLL stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 280.160
Low
351.00
Averages
387.67
High
407.00
Current: 280.160
Low
351.00
Averages
387.67
High
407.00
About JLL
Jones Lang LaSalle Incorporated is a global commercial real estate and investment management company. The Company operates through five segments: Markets Advisory, Capital Markets, Work Dynamics, JLL Technologies and LaSalle. The Markets Advisory segment offers local expertise across the globe, covering a comprehensive range of services across asset types. It aggregates such services into three categories: Leasing, Property Management, and Advisory, Consulting and Other. The Capital Markets segment provides full-service capital solutions, including debt advisory, loan sales, equity advisory, loan servicing, and investment sales and advisory. Work Dynamics segment offers a single, cohesive service delivery team. JLL Technologies segment offers professional services, including program and project management, implementation and support, managed services, and advisory/consulting services. The LaSalle segment invests institutional and individual capital in real estate assets and securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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