I'd expect this to get going this year. The neighborhood surrounding 550 Washington is primed for development too.
Canada Pension Plan joins Oxford on St. John’s Terminal megaproject
"...The firms closed on the $700 million purchase of the south site Wednesday, bringing the site’s total capitalization of $1.3 billion, sources told The Real Deal. Canadian Pension Plan, also known as CPP, has taken a 47.5 percent stake in the south site, which offers 1.3 million square feet for commercial development...
...The sellers, Westbrook Partners and Atlas Capital Group, continue to own the north site and plan to develop 400,000 square feet of residential space..."