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Tavros Capital to buy long-delayed lower Manhattan site at discount

Seaport Entertainment is selling the parcel after spinning off from Howard Hughes last year
A 400-unit mixed-use residential development site at 250 Water St. in lower Manhattan, depicted in a rendering, is to be sold to Tavros Capital. (Howard Hughes Holdings)
A 400-unit mixed-use residential development site at 250 Water St. in lower Manhattan, depicted in a rendering, is to be sold to Tavros Capital. (Howard Hughes Holdings)
CoStar News
August 19, 2025 | 9:15 P.M.

Seaport Entertainment Group has agreed to sell its mixed-use development project at 250 Water St. in lower Manhattan for $150.5 million to Tavros Capital, a New York-based real estate investment firm.

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