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Mitsui Fudosan to build high-rise in New York

Mitsui Fudosan will build a 51-story office tower in Manhattan.

TOKYO -- Japanese property developer Mitsui Fudosan is doubling down on New York City as the metropolis undergoes a 21st-century makeover of unprecedented scale.

     The company unveiled plans Wednesday to build a 51-story office tower in Manhattan, sinking as much as 150 billion yen ($1.25 billion) into the project. It is the largest-ever overseas undertaking by a Japanese real estate company.

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