All summer eyes are on Seaport Entertainment Group, which is mulling offers for its valuable 1.1-acre vacant lot at 250 Water St., even as it grapples with losses at the Seaport’s Tin Building.
After Howard Hughes Corp. spun off SEG last summer, it wasn’t clear what the new owners would do with 250 Water St., a short stroll from the Seaport’s busy Pier 17, where HHC spent years planning and winning city approvals for a new, mixed-use project.
A rendering of the proposed Seaport Tower at 250 Water St. Skidmore, Owings & Merrill Original design of 250 Water Street featured two tall towers on a podium base. Howard Hughes Corporation/SOM
We predicted in January that SEG, which is not in the development business, would put the site up for sale. Two months later, they tapped JLL to sift offers, Crains reported. Seaport CEO Anton Nikodemus said in a conference call that more than 130 “potential buyers