04:48 PM EDT, 08/18/2025 (MT Newswires) -- Seaport Entertainment Group ( SEG ) said late Monday it has struck a deal to sell its 250 Water Street development project to Tavros, a real estate investment management firm in New York City, for $150.5 million.

The one-acre site spans a full city block, and is entitled for the construction of a 26-story, mixed-use building, it said. The deal is expected to close before the end of 2025.