{"id":128748,"date":"2026-02-10T13:40:08","date_gmt":"2026-02-10T13:40:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/128748\/"},"modified":"2026-02-10T13:40:08","modified_gmt":"2026-02-10T13:40:08","slug":"tavros-closes-on-143-million-purchase-on-1-acre-lower-manhattan-parcel","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/128748\/","title":{"rendered":"Tavros Closes on $143 Million Purchase on 1-Acre Lower Manhattan Parcel"},"content":{"rendered":"

\n\t\tShare this article!\t<\/p>\n

The New York City-headquartered real estate investment management and development firm Tavros announced it has closed on the acquisition of 250 Water Street, a one-acre mixed-use development parcel spanning a full block in Lower Manhattan\u2019s Seaport neighborhood, for $143 million.\n<\/p>\n

The company said it planned to create a 600-unit ground-up residential asset at the site, with 25% of the apartments to be affordable and 80% of that share being \u201cdeeply affordable.\u201d The project will also include a five-story podium with ground floor retail and four floors of commercial space.<\/p>\n

The property last changed hands in 2018 when it was purchased for $180 million by the Howard Hughes Corp. Tavros added that it planned to use the fa\u00e7ade and massing previously designed by Skidmore, Owings & Merrill, but will partner with Fogarty Finger as the design architect and architect of record for the remainder of the project.\n<\/p>\n

\u201cThe South Street Seaport is one of the most historically significant locations in New York City and it has evolved into a dynamic residential neighborhood,\u201d said Nicholas Silvers, a founding partner of Tavros. \u201cWe are thrilled to help carry forward a project that will have a meaningful impact on Manhattan for decades to come.\u201d\n<\/p>\n

Artist\u2019s rendering courtesy of Skidmore, Owings & Merrill\n<\/p>\n

<\/a>\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Share this article! The New York City-headquartered real estate investment management and development firm Tavros announced it has…\n","protected":false},"author":2,"featured_media":128749,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[5020,75,84,83,51000,9,24,63,55165],"class_list":{"0":"post-128748","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-acquisition","9":"tag-manhattan","10":"tag-manhattan-headlines","11":"tag-manhattan-news","12":"tag-mixed-use-development","13":"tag-new-york","14":"tag-new-york-city","15":"tag-nyc","16":"tag-tavros"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/128748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=128748"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/128748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/128749"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=128748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=128748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=128748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}