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According to the Wall Street Journal, the 4-story building at 241 5th Avenue (between 27th and 28th street) just north of Madison Square Park will no longer become a 100-room hotel, but rather a 20-story condo building with approximately 48 units. Read more at online.wsj.com/article/SB10001424052748704132204576285291430179846.html.

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