"Our decision to redevelop the site is based on our intention tofulfill the highest and best use of the property," according to thecompany's secretary-treasurer William I. Blanchard. "Times change,and because this is a premier corporate location, this is the bestuse."

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Architect for the new construction is Rotwein & Blake. Thenew building will feature a central computerized buildingmanagement system controlling all HVAC, lighting andtelecommunications.

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