Seaport Entertainment Group and the Team Behind Public Records Announce Partnership to Open New Project in New York City’s Seaport Neighborhood

Brooklyn arts + culture organization expands to historic location in Lower Manhattan

NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group (NYSE: SEG) today announced a partnership with Public Service, the organization behind Public Records, to develop a new project in the Seaport in Lower Manhattan. The restaurant concept, which will involve the revitalization of a historic building, is expected to open in 2027. This addition brings an exciting new dimension to one of the most iconic waterfront neighborhoods in New York City.

“The Public Service team is reimagining social experiences by creating platforms that combine art, culture, design, and hospitality into a single, thoughtfully curated space,” said Matt Partridge, President and Chief Executive Officer of Seaport Entertainment Group. “Their proven ability to operate creative, inclusive, community-driven programming aligns with our vision for the Seaport and will add another unique layer of vibrancy to the neighborhood.”

Known for its distinctive and multidisciplinary approach to design, hospitality, sound, and ecology, Public Records has become a defining force in New York City’s cultural scene. Since opening in the Brooklyn neighborhood of Gowanus in 2017, the organization has built a successful foundation as a multi-dimensional space rooted in immersive experiences and plant-driven food and beverage, with a diverse range of art and music presentations.

“We’re interested in giving new life to historic spaces through cultivating places with distinct identities,” said Shane Davis, Co-Founder of Public Service. “The Seaport is a particularly interesting context for us at this moment in its trajectory, and Seaport Entertainment Group is a perfect partner for us given their long-term vision for the neighborhood. At Public Records, we focused on sound as a powerful method to connect people, with food and beverage playing a supporting role in the narrative. This new project is an opportunity for us to flip the model, focusing first on bringing people together through food and beverage, with sound as an adjacency.”

The Public Service team is committed to creating safe and culturally inclusive environments, fostering community through artistic exploration and the continual evolution of diverse music and non-music programming.

Additional information about the concept will be announced closer to the expected opening.

About Seaport Entertainment Group

Seaport Entertainment Group (NYSE: SEG) is a premier entertainment and hospitality company formed to own, operate, and develop a unique collection of assets positioned at the intersection of entertainment and real estate. Seaport Entertainment Group’s focus is to deliver unparalleled experiences through a combination of restaurant, entertainment, sports, retail and hospitality offerings integrated into one-of-a-kind real estate that redefine entertainment and hospitality. For more information, please visit www.seaportentertainment.com.

About Public Service

Public Service aims to create spaces that catalyze reconnection to nature, ourselves, and each other. We believe pleasure, responsibility, and action can and should coexist. We see sound as a universal language that opens new ways of seeing and being.

Founded in 2017 as an inter-dimensional, ever-evolving cultural platform, the organization engages in diverse cultural programming, plant-based food + beverage, alongside experimental design and ecological explorations. The headquarters campus—located at Public Records in the historic ASPCA headquarters in Gowanus, Brooklyn—now spans five spaces: a restaurant and music lounge [The Atrium], a sonically-immersive space [Sound Room], an all-day cafe [Cafe Public], an intimate lounge and cocktail bar [UPSTAIRS], and an open-air plant nursery x event space [The Nursery].

Public Service is continuously championing diverse art forms and practices, while exploring new intersections between sound, design, hospitality, ecology and community.

Safe Harbor and Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements include, but are not limited to, statements concerning Seaport Entertainment Group’s plans, goals, objectives, outlook, expectations, and intentions. Forward-looking statements are based on Seaport Entertainment Group’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including the risks and uncertainties discussed in filings with the Securities and Exchange Commission, including Seaport Entertainment Group’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date of this press release. Seaport Entertainment Group undertakes no obligation to update or revise any forward-looking statements for events or circumstances that arise after the date of this press release, except as may be required by applicable law.