One proposal, for a 17-story condominium tower, was withdrawn after community opposition to the project.
He said that the company is planning, with a partner, to build a 14-story condominium tower on the site.
He took them to several condominium towers built in the mid-1980's.
However, the proposed condominium towers appear to be on hold indefinitely.
He then began buying land to build new condominium towers.
But some neighborhood groups say the condominium tower would be too big for the block.
Glass from the 27th-floor of the condominium tower fell to the ground at around 7:30 pm on August 2, 2011.
If the hotel does not work out, an additional condominium tower will be built instead.
The condominium tower, whose apartments are being marketed, is to open by the end of the year.
In its place will be more room for specialty retailers and an additional condominium tower.