One day apart last week two plans were revealed for major new developments in Manhattan's financial district. First and most spectacular of the announcements was that Louis Adler, onetime dressmaker, now independent real estate operator and builder, had succeeded in assembling an entire square block in the Wall Street district. Although 23 minutes after the last plot had been bought Mr. Adler could have sold at a profit, he is going ahead with plans for a 105-story office building.
The other project is for a building, probably at, least 63 stories high, on...
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