Two Pacific Tower, a block north on Second, died when Basil Vyzis died at least a decade ago. In 2006 or so there was a proposal for a low-rise boutique hotel there. Recently they demo'd the old Commodore Hotel on part of the site, but only said something about wanting to figure out what to do with the land. PS, a lowrise is a good idea because the block already has two significant towers. A hotel makes great sense -- the location is ideal for tourists, and would also be good for many business travelers.