Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas. The company operates through three segments: Hospitality; Entertainment; and Landlord Operations. The Hospitality segment operates fine dining and casual dining restaurants, cocktail bars, and nightlife and entertainment venues under The Fulton, Mister Dips, Carne Mare, Malibu Farm, Gitano, and The Lawn Club brands. The Entertainment segment includes the Las Vegas Aviators Triple-A Minor League Baseball team, the Las Vegas Ballpark, the Fashion Show Mall Air Rights, events, and concerts, as well as various sponsorship agreements across the Seaport and the Las Vegas Ballpark. The Landlord Operations segment engages in the holding of ownership interests in and operation of physical real estate assets, such as restaurant, retail, office, and entertainment properties, as well as residential units. Seaport Entertainment Group Inc. was incorporated in 2024 and is headquartered in New York, New York.
Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million
Seaport Entertainment Group completed the sale of its eight-story residential building at 85 South Street in Lower Manhattan for $8.25 million to an affiliate of MD Squared Property Group and Churchwick Partners.
The asset includes 21 multifamily units and 5,500 square feet of ancillary leasable space, and was originally acquired by former parent Howard Hughes Holdings in October 2014.
Management framed the divestiture as an incremental step to strengthen the balance sheet while refocusing on entertainment and hospitality assets aligned with strategic priorities.