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NEW YORK CITY-Bank of America and developer Douglas Durst, are close to signing a deal to construct a two-million sf, $1 billion skyscraper at 42nd St. and Avenue of the Americas, according to published reports. The plan would call for the block to be condemned by the state for the project to begin. The Bank would be a partner in the property and occupy half of the space.

A Bank of America spokesperson tells GlobeSt.com that the company would neither confirm nor deny the report adding that the company was “exploring several options.”

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