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New York

Chang plans FiDi boutique hotel

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Prolific hotel developer Sam Chang plans a 30- to 40-story boutique hotel for 6 Water Street and 32-38 Pearl Street, an 8,300-square-foot site that Chang’s McSam Group paid $56 million for, according to brokerage Eastern Consolidated. Last week, The Real Deal reported that Chang is opening another hotel near JFK International Airport next month, his fifth near the airport. TRD