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Macklowe plans huge E. 57th tower

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Macklowe Properties appears to be planning a humongous office tower on East 57th Street that would rise 70 stories and extend in an L shape from Park Avenue and 56th Street to 57th Street. Macklowe is busy securing financing for the tower and has signed an air-rights mortgage agreement with Deutsche Bank for $543 million. more [NYO]

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