A key City Council committee approved the $100 million transfer of air rights Monday from Pier 40 to St. John’s Terminal, all but paving the way for the sale. With the go-ahead from the Subcommittee on Zoning and Franchises, it’s very likely that the full City Council will also greenlight the air rights transfer, Crain’s reported. Developers Westbrook Partners and Atlas Capital Group plan to buy 200,000 square feet of air rights from Pier 40 … [more]