I recently discussed Seaport Entertainment with John Mihaljevic at Manual of Ideas for an hour. I would recommend MOI’s Latticework for more podcasts and ideas.
The video is available in full and for free above. Paid members additionally have access to:
A cleaned transcript alongside key images and timestamps (below)
A link to download the full presentation (below)
Our 35-page Special Report on Seaport Entertainment
Our follow-up article on changes at the company (next week)
Monthly updates
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The timestamps to the video are:
[01:37] Introduction to Seaport Entertainment
[08:22] Overview of Key New York Assets
[13:30] 250 Water Street
[21:15] Fulton Market Building
[23:35] Pier 17
[33:55] The Tin Building
[42:00] Governance and Incentives
[43:20] Overall Valuation
[46:56] Question on cash
[48:25] Question on where value depreciation has occurred mostly
[51:41] Question on Jean-Georges relationship at the Tin Building
[53:38] Question on valuation upside
[56:35] Question on taking on more debt
[58:10] Question on key milestones going forward
Download the presentation here: