Hotel could rise atop St. John’s building

A hotel or luxury condominium tower could go up at the site of the massive St. John’s building at 550-570 Washington Street, pending approval of The Related Companies’ plan for a $626 million entertainment complex nearby. The building’s owner, Eugene M. Grant & Co., said Related’s Pier 40 plan would make the riverfront property a highly desirable destination. St. John’s reportedly prefers a hotel over residences at the site, which has 300,000 square feet of air rights.

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