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Luxury-rental plan abandoned at Manhattan's One57 condo tower

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The apartments, on the 32nd through 38th floors of the West 57th Street skyscraper, will be listed for sale as condominiums at prices starting at US$3.45 million.

New York

MANHATTAN builder Extell Development Co is retreating from a plan to list 38 units at its One57 tower for lease, choosing to sell them instead as demand for luxury rentals slips amid an abundance of supply.

The apartments, on the 32nd through 38th floors of the West 57th...