I believe the foundation of this proposal has started.
351 Water Street, East Port Properties - Woolworth's Site Office Development
11-12 stories, ~ 47.4 meters, 6 parking levels, retail and about 160,000 sq ft of class A office space. The development will front on Water Street and Harbour Drive.
Source: Land Use Assesment Report for 351 Water Street:
http://www.stjohns.ca/pdfs/1832-01%2...20May%2028.pdf