Primo Capital

Investing, building, and thinking out loud about what interests me. Sports enthusiast. Not investment advice

[Primo Capital @Primo_Capital]

@kurihamari77859 What was to celebrate? He got overtaken by his teammate after a terrible race

[Primo Capital @Primo_Capital]

@DittoInvest Wish there was a way to cobble together data to track foot traffic in the area

[Primo Capital @Primo_Capital]

The Seaport in Manhattan is starting to feel different. I think that matters a lot for $SEG.

The old criticism of the district was that it felt too commercialized, too curated, and too dependent on tourists. Beautiful real estate, but not enough local culture or repeat neighborhood behavior.

That is starting to change.

Sadie’s is becoming a legitimate social hub: after-work drinks, sports watch parties, outdoor programming, and big-event energy. The Knicks watch parties have been packed with hundreds of people. In the coming weeks, it should also be one of the better outdoor places in Manhattan to watch the World Cup.

And it is not just Sadie’s.

Cork Wine Bar is consistently busy. Willett’s is expected soon. Flanker and Hidden Boot are coming to Pier 17 in the fall. Public Service is planned for the Cobblestones.

That starts to look less like a collection of isolated restaurants and more like a real programming / tenant flywheel.

A few anchor tenants can genuinely change the feel of a district. They create repeat reasons to show up: happy hours, games, concerts, dinners, events, dates, casual drinks, work outings.

That is what the Seaport has historically needed.

The bull case here is not simply “the Seaport is cool.”

The bull case is that local behavior is changing.

If locals start using the Seaport more regularly, that can improve foot traffic, tenant demand, leasing power, restaurant sales, event activity, and ultimately the perception of the asset base.

For a small, messy orphaned spin like $SEG, that perception shift can matter.

The financials still need to prove it.

But on the ground, the district feels more alive than it used to. And that is usually where the numbers start before they show up in a filing.

[Primo Capital @Primo_Capital]

@DittoInvest "Primary research" aka walks to get coffee and ice cream

[Primo Capital @Primo_Capital]

@BoringBiz_ What if the model companies preconditioned us on generous consumer plans so that we would develop habits that are inherently wasteful on our enterprise plans, which are monetized much more favorably by OpenAI/Anthropic?

People can’t comprehend being token budgeted at work

[Primo Capital @Primo_Capital]

@Vandelay_Ind__ What would you put there? It's a shockingly enormous space if you've ever been inside. One of the biggest problems with seaport is you need something to be different to actually get people to go there. This concept doesn't really exist in any other part of the city

[Primo Capital @Primo_Capital]

@BoringBiz_ Have you tried using Skills? You can feed it things you have done in the past to try to build a Skill that defines "What good looks like." Then CGPT or Claude can probably do what you're asking more in line with what you would expect, though not perfect to your point

[Primo Capital @Primo_Capital]

@FundamentEdge When you say agents what do you mean? Did you build stuff with Hermes?

[Primo Capital @Primo_Capital]

AI news this week wasn’t about one shiny model launch.

It was about AI getting more industrial:

• Anthropic bought serious compute
• OpenAI pushed deeper into the work layer
• Enterprise AI moved closer to implementation
• Sierra showed AI apps can monetize real workflows

[Primo Capital @Primo_Capital]

@garrytan how do I adapt /office-hours to be my general thought partner? I want to build something that pushes back on me that hard for general business/investment decisions