Seaport Entertainment updates 250 Water Street sale, price $152M

Seaport Entertainment Group Inc. updated the terms of its planned sale of the mixed-use development at 250 Water Street in New York City.

Rhea-AI Filing Summary

Seaport Entertainment Group Inc. updated the terms of its planned sale of the mixed-use development at 250 Water Street in New York City. A subsidiary of the company signed a first amendment to its purchase and sale agreement with 250 Water Street Owner LLC, an affiliate of Tavros Holdings LLC, to fix the closing date at January 28, 2026, with no further right for the buyer to extend or adjourn that date. The buyer may request an earlier closing, but the seller is not required to close before January 28, 2026. Due to the buyer’s prior use of extension rights, the total sale price for 250 Water Street has increased to $152.0 million. The transaction remains subject to unsatisfied closing conditions, and there is no assurance the sale will be completed on these terms, on this timing, or at all.

Insights

Real estate and corporate transactions analyst

Seaport locks in a higher 250 Water Street sale price but closing still depends on unmet conditions.

Seaport Entertainment Group Inc. has amended its agreement to sell the 250 Water Street mixed-use project in New York City to an affiliate of Tavros Holdings LLC. The amendment fixes the closing date at January 28, 2026 and removes the buyer’s ability to further extend or adjourn that date, while allowing the buyer to request an earlier closing that the seller is not obligated to accept.

As a result of the buyer’s earlier use of extension rights, the total sale price has increased to $152.0 million, which could be meaningful depending on the project’s carrying value and the company’s size. However, the sale is still subject to closing conditions that are not currently satisfied, and the company explicitly notes there is no assurance the transaction will close on these terms, on this schedule, or at all. Investors may focus on future disclosures about satisfaction of conditions and final completion of the sale.

8-K Event Classification

Item 9.01 — Financial Statements and Exhibits

1 item

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Seaport Entertainment Group Inc. (SEG) update in this 8-K?

Seaport Entertainment Group Inc. updated the terms of its planned sale of the mixed-use development project at 250 Water Street in New York City through an amendment to its existing purchase and sale agreement.

Who is buying Seaport Entertainment Group Inc.'s 250 Water Street project?

The buyer is 250 Water Street Owner LLC, an affiliate of Tavros Holdings LLC, a privately owned real estate investment management and development firm based in New York City, with no material relationship to Seaport Entertainment Group Inc. other than this agreement.

What is the updated sale price for Seaport Entertainment Group Inc.'s 250 Water Street property?

Due to the buyer’s prior exercise of extension rights, the total sale price for the 250 Water Street project has been increased to $152.0 million.

When is the closing date for the 250 Water Street sale under the amended agreement?

Under the first amendment, the closing date for the 250 Water Street sale is set at January 28, 2026, and the buyer no longer has any right to further extend or adjourn this date.

Can the closing of Seaport Entertainment Group Inc.'s 250 Water Street sale occur earlier than January 28, 2026?

The buyer may request an accelerated closing before January 28, 2026, but the seller, a subsidiary of Seaport Entertainment Group Inc., is not obligated to close before that date.

Is the 250 Water Street sale by Seaport Entertainment Group Inc. guaranteed to be completed?

No. The sale remains subject to certain closing conditions that are not currently satisfied, and the company states there can be no assurances that the sale will be completed on the described terms, timing, or at all.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/17/2025 - 04:30 PM Learn about SEC filing dates

0002009684false00020096842025-12-152025-12-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 15, 2025

SEAPORT ENTERTAINMENT GROUP INC.

(Exact name of registrant as specified in charter)

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Delaware	001-42113	99-0947924
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)	​	Identification No.)

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199 Water Street, 28th Floor	10038
NewYork,NY	(Zip code)
(Address of principal executive offices)	​

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Registrant’s telephone number, including area code: (212) 732-8257

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	​ ​ ​	Trading symbol	​ ​ ​	Name of each exchange on which registered
Common stock, par value $0.01 per share	​	SEG	​	NYSE

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

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Item 1.01Entry into a Material Definitive Agreement.

As previously reported, on August 15, 2025, 250 Seaport District, LLC (the “Seller”), a subsidiary of Seaport Entertainment Group Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “Agreement”) with 250 Water Street Owner LLC (the “Buyer”) for the sale of a mixed-use development project located at 250 Water Street (“250 Water Street”). The Buyer is an affiliate of Tavros Holdings LLC, a privately owned real estate investment management and development firm based in New York City. The Buyer does not have any material relationship with the Company or its affiliates, other than in respect of the Agreement.

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On December 15, 2025, the Seller and the Buyer entered into a First Amendment to the Agreement (the “Amendment”) to provide that, among other things and notwithstanding anything to the contrary contained in the Agreement, the date of the closing of the transactions contemplated under the Agreement (the “Closing Date”) will be January 28, 2026, and the Buyer will have no further right to extend or adjourn the Closing Date. The Buyer will have the right to request acceleration of the closing prior to such extended Closing Date; provided that the Seller will not be obligated to close prior to January 28, 2026.

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As a result of the Buyer previously electing to exercise certain provisions in the Agreement to extend the date of the closing of the transactions contemplated under the Agreement, the sale price for 250 Water Street has been increased to a total of $152.0 million.  

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Notwithstanding the foregoing, the sale of 250 Water Street is subject to certain closing conditions, which are not currently satisfied. Accordingly, there can be no assurances that the sale of 250 Water Street will be completed on the terms or timing described in this Current Report on Form 8-K, or at all.

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The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

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Item 9.01Financial Statements and Exhibits.

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(d) Exhibits

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Exhibit No.	​ ​ ​	Description
10.1	​	First Amendment to Purchase Agreement, made and entered into effective as of December 15, 2025, by and between 250 Seaport District, LLC and 250 Water Street Owner LLC
104	​	Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Dated: December 17, 2025	SEAPORT ENTERTAINMENT GROUP INC.
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​	By:	/s/ Lucy Fato
​	Name:	Lucy Fato
​	Title:	EVP, General Counsel & Corporate Secretary

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