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Seaport Entertainment Group Completes Major New York Asset Sale

Story Highlights
  • On February 6, 2026, Seaport Entertainment Group sold its 250 Water Street project for $143 million.
  • The fully entitled one-acre site enables a 26-story mixed-use tower, reinforcing SEG’s asset monetization strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Seaport Entertainment Group Completes Major New York Asset Sale

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An announcement from Seaport Entertainment Group Inc. ( (SEG) ) is now available.

On February 6, 2026, Seaport Entertainment Group Inc. completed the $143 million sale of its mixed-use development project at 250 Water Street in New York to an affiliate of Tavros Holdings LLC, which has no material relationship with the company beyond this transaction. The one-acre, full-block site, originally acquired in 2018 by former parent Howard Hughes Holdings, is entitled for a 26-story tower with up to 399 residential units and about 200,000 square feet of commercial, retail and community space, and the deal underscores SEG’s continued monetization of real estate-driven assets while Tavros expands its New York-focused development portfolio.

The most recent analyst rating on (SEG) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on Seaport Entertainment Group Inc. stock, see the SEG Stock Forecast page.

Spark’s Take on SEG Stock

According to Spark, TipRanks’ AI Analyst, SEG is a Neutral.

Seaport Entertainment Group Inc. faces significant financial and operational challenges, reflected in its low valuation and bearish technical indicators. While strategic initiatives and leadership changes offer some optimism, the company’s financial health remains a primary concern.

To see Spark’s full report on SEG stock, click here.

More about Seaport Entertainment Group Inc.

Seaport Entertainment Group Inc. is a NYSE-listed entertainment and hospitality company that owns, operates and develops assets at the intersection of entertainment and real estate. The group focuses on delivering integrated experiences that combine restaurants, entertainment, sports, retail and hospitality within distinctive, experience-driven real estate destinations.

Average Trading Volume: 90,068

Technical Sentiment Signal: Strong Sell

Current Market Cap: $253.9M

See more insights into SEG stock on TipRanks’ Stock Analysis page.

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