Seaport Entertainment Group Announces Long-Term Lease With Meow Wolf at Pier 17
Seaport Entertainment Group (NYSE: SEG) has signed a significant 20-year lease agreement with Meow Wolf for approximately 75,000 rentable square feet at Pier 17. This development will mark Meow Wolf's seventh permanent exhibit and its first East Coast location.
The immersive arts and entertainment venue will join existing attractions at the Seaport, including The Rooftop at Pier 17 concert venue and Lawn Club. The new installation is expected to attract millions of visitors annually, furthering SEG's mission to revitalize Downtown Manhattan's historic waterfront district.
Construction is scheduled to commence in Q3 2025, with opening date and theme details pending announcement. The deal was brokered by CBRE, acting as dual leasing agent for both parties. This expansion adds to Meow Wolf's existing locations in Santa Fe, Las Vegas, Denver, Dallas, and Houston, with Los Angeles also in development.
Seaport Entertainment Group (NYSE: SEG) ha firmato un importante contratto di locazione di 20 anni con Meow Wolf per circa 75.000 piedi quadrati affittabili presso Pier 17. Questo sviluppo segnerà il settimo museo permanente di Meow Wolf e la sua prima sede sulla costa est.
Il luogo di arte e intrattenimento immersivo si unirà alle attrazioni esistenti al Seaport, inclusi il locale concerti The Rooftop at Pier 17 e il Lawn Club. Si prevede che la nuova installazione attrarrà milioni di visitatori ogni anno, contribuendo alla missione di SEG di rivitalizzare il quartiere storico del lungomare di Downtown Manhattan.
I lavori di costruzione sono previsti per iniziare nel Q3 2025, con la data di apertura e i dettagli sul tema in attesa di annuncio. L'accordo è stato mediato da CBRE, che ha agito come agente di locazione per entrambe le parti. Questa espansione si aggiunge alle sedi esistenti di Meow Wolf a Santa Fe, Las Vegas, Denver, Dallas e Houston, con Los Angeles in fase di sviluppo.
Seaport Entertainment Group (NYSE: SEG) ha firmado un importante acuerdo de arrendamiento de 20 años con Meow Wolf por aproximadamente 75,000 pies cuadrados rentables en Pier 17. Este desarrollo marcará la séptima exhibición permanente de Meow Wolf y su primera ubicación en la costa este.
El lugar de arte y entretenimiento inmersivo se unirá a las atracciones existentes en el Seaport, incluyendo el local de conciertos The Rooftop at Pier 17 y Lawn Club. Se espera que la nueva instalación atraiga a millones de visitantes anualmente, avanzando en la misión de SEG de revitalizar el histórico distrito del waterfront de Downtown Manhattan.
La construcción está programada para comenzar en Q3 2025, con la fecha de apertura y detalles del tema pendientes de anuncio. El acuerdo fue intermediado por CBRE, actuando como agente de arrendamiento dual para ambas partes. Esta expansión se suma a las ubicaciones existentes de Meow Wolf en Santa Fe, Las Vegas, Denver, Dallas y Houston, con Los Ángeles también en desarrollo.
Seaport Entertainment Group (NYSE: SEG)는 Meow Wolf와 약 75,000 제곱피트의 임대 계약을 20년 동안 체결했습니다. 이 개발은 Meow Wolf의 일곱 번째 영구 전시관이자 첫 번째 동부 해안 위치가 될 것입니다.
이 몰입형 예술 및 엔터테인먼트 장소는 Seaport의 기존 명소인 Pier 17 콘서트 장소 The Rooftop과 Lawn Club에 합류하게 됩니다. 새로운 설치물은 매년 수백만 명의 방문객을 유치할 것으로 예상되며, SEG의 미션인 다운타운 맨해튼의 역사적인 해안가 지역을 재활성화하는 데 기여할 것입니다.
건설은 2025년 3분기에 시작될 예정이며, 개장일과 주제 세부 사항은 발표를 기다리고 있습니다. 이 거래는 CBRE에 의해 중개되었으며, 양 당사자의 임대 에이전트 역할을 했습니다. 이 확장은 Santa Fe, Las Vegas, Denver, Dallas 및 Houston에 있는 Meow Wolf의 기존 위치에 추가되며, Los Angeles도 개발 중입니다.
Seaport Entertainment Group (NYSE: SEG) a signé un important contrat de location de 20 ans avec Meow Wolf pour environ 75 000 pieds carrés louables au Pier 17. Ce développement marquera la septième exposition permanente de Meow Wolf et son premier emplacement sur la côte est.
Ce lieu d'art et de divertissement immersif rejoindra les attractions existantes au Seaport, y compris le lieu de concerts The Rooftop au Pier 17 et le Lawn Club. La nouvelle installation devrait attirer des millions de visiteurs chaque année, renforçant la mission de SEG de revitaliser le quartier historique du front de mer de Downtown Manhattan.
La construction devrait commencer au Q3 2025, avec la date d'ouverture et les détails du thème en attente d'annonce. L'accord a été négocié par CBRE, agissant en tant qu'agent de location pour les deux parties. Cette expansion s'ajoute aux emplacements existants de Meow Wolf à Santa Fe, Las Vegas, Denver, Dallas et Houston, Los Angeles étant également en développement.
Seaport Entertainment Group (NYSE: SEG) hat einen bedeutenden 20-Jahres-Mietvertrag mit Meow Wolf über etwa 75.000 Quadratfuß mietbare Fläche am Pier 17 unterzeichnet. Diese Entwicklung wird die siebte permanente Ausstellung von Meow Wolf und die erste Ostküsten-Standort sein.
Der immersive Kunst- und Unterhaltungsort wird sich den bestehenden Attraktionen im Seaport anschließen, darunter den Konzertort The Rooftop am Pier 17 und den Lawn Club. Die neue Installation wird voraussichtlich jährlich Millionen von Besuchern anziehen und damit die Mission von SEG unterstützen, das historische Hafenviertel von Downtown Manhattan zu revitalisieren.
Der Bau soll im Q3 2025 beginnen, wobei das Eröffnungsdatum und die Themeninformationen noch bekannt gegeben werden müssen. Der Deal wurde von CBRE vermittelt, das als dualer Leasingagent für beide Parteien fungierte. Diese Expansion ergänzt die bestehenden Standorte von Meow Wolf in Santa Fe, Las Vegas, Denver, Dallas und Houston, während Los Angeles ebenfalls in Entwicklung ist.
- 20-year long-term lease agreement securing steady rental income
- Large-scale tenant occupying 75,000 square feet
- Expected to attract millions of visitors annually, increasing foot traffic
- Strategic expansion of entertainment offerings at Pier 17
- Strengthens SEG's position in NYC's entertainment market
- Construction not starting until Q3 2025, delaying revenue generation
- Opening date and specific details still undefined
Insights
Seaport Entertainment Group's 20-year lease agreement with Meow Wolf represents a significant strategic win that strengthens SEG's position in the competitive New York City entertainment landscape. The 75,000 square foot deal at Pier 17 secures a proven experiential entertainment concept that has successfully scaled to multiple markets nationwide, now making its East Coast debut at SEG's property.
This agreement provides substantial long-term revenue visibility in a challenging commercial real estate environment where securing quality long-term tenants is increasingly difficult. While financial terms weren't disclosed, premium Manhattan waterfront space of this size typically commands significant rental income. The addition of Meow Wolf complements SEG's existing Pier 17 attractions (The Rooftop concert venue and Lawn Club), creating a more diverse entertainment ecosystem that can potentially extend visitor dwell time and drive cross-venue traffic.
The company's projection that Meow Wolf will attract "millions of visitors annually" to the Seaport district suggests this tenant serves as both a direct revenue generator and a foot traffic catalyst for SEG's broader property portfolio. However, investors should note the delayed timeline, with construction not beginning until Q3 2025 and opening date unspecified, meaning material revenue impact is at least 18+ months away.
This lease represents meaningful progress in SEG's stated strategy to transform the historic Seaport into a premier entertainment destination. The involvement of senior executives from both companies and a full CBRE brokerage team signals the strategic importance of this transaction to SEG's long-term vision for downtown Manhattan's waterfront district.

Pier 17 in the Seaport is the future home of Meow Wolf New York (Photo: Seaport Entertainment Group)
Meow Wolf will add another entertainment experience for guests to enjoy in the Seaport, joining The Rooftop at Pier 17, the concert venue known for its outdoor summer concert series, and Lawn Club, an experiential hospitality concept featuring classic lawn games. Meow Wolf New York is expected to drive millions of visitors of all ages to the Seaport annually and is another step in Seaport Entertainment Group’s vision to revitalize the historic waterfront neighborhood in
“Meow Wolf’s unique approach to storytelling through art, and support of local artists, is perfectly aligned with the Seaport’s history as a hub for creative invention and artistry in New York City,” said Anton Nikodemus, Chairman, President, and Chief Executive Officer of Seaport Entertainment Group. “Locals and visitors alike will enjoy Meow Wolf’s immersive experience in the coming years, giving them even more reasons to spend a day, evening, or both at the Seaport.”
Since its beginnings in
“The Seaport is a place where New York’s history and future intersect, making it the perfect home for Meow Wolf,” said Jose Tolosa, CEO of Meow Wolf. “This city has always been a driving force in global art and culture, constantly evolving and redefining itself. As someone who has proudly called
“The Seaport has a well-established reputation as one of New York City’s premier entertainment and dining destinations,” says Cassie Durand, Executive Vice President at CBRE. “What attracted Meow Wolf to Pier 17 was Seaport Entertainment Group’s vision to add complementary entertainment experiences and their ability to provide additional tenant branding opportunities and customer engagement at a scale unique to
CBRE served as dual leasing agent with Mary Ann Tighe, Gerry Miovski, Evan Haskell, Brett Shannon, Zachary Price, and Jacob Rosenthal representing Seaport Entertainment Group and Cassie Durand, Sacha Zarba and Aylin Gucalp representing Meow Wolf.
Construction is expected to begin in Q3 2025, with the opening date, theme and additional details still to come.
About Seaport Entertainment Group
Seaport Entertainment Group (NYSE American: 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 Meow Wolf
Meow Wolf is much more than your typical arts and entertainment company; they’re the creators of extraordinary, mind-bending experiences that transport millions of adventurers of all ages into breathtaking realms of imagination and wonder. As the proud recipients of numerous accolades, including Time Out's #1 Immersive Experience in the US (2023), Fast Company's World's 50 Most Innovative Companies (2024, 2022 and 2020), and
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Erin Barnes
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Source: Seaport Entertainment Group Inc.