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On the avenue, Fifth Avenue, a Swiss Bank headquarters will rise behind the fabled Saks Fifth Avenue department store. Saks Fifth Avenue unveiled plans for the 36-story office tower to be constructed behind its landmark flagship building on one of Manhattan's most famous streets. The store would expand into the first 10 floors of the new tower; the bank, a partner in the project, would make the rest its United States headquarters.
The tower would not be the first high-rise development involving landmark buildings on Fifth Avenue. Last year, the city Landmarks Preservation Commission approved a tower over the former Coty and...