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Condos Of The Future

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For once, the dormification trend is getting reversed. After much speculation, the fate of 101 Murray Street is sealed?Steven Witkoff, Howard Lorber and Fisher Brothers paid St. John's University $223 million for the 10-story dorm academic building. They plan to build a residential condo tower on the site with as much as 370,000 square feet. If that happens, the price will be among the highest developers have ever paid for buildable land downtown. [Crain's; previously]