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NEW YORK CITY-Schools chancellor Joel Klein on Friday presided over the groundbreaking for the first phase of a mixed-use development that will house two public schools on Manhattan’s East Side. At $500 million, the World-Wide Group’s development at 250 E. 57th St. is reportedly the largest project in the 43-year history of the Department of Education’s Educational Construction Fund, which partners with private developers on mixed-use projects featuring new school facilities.

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