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by Lisa A. Grimaldi | December 07, 2011

According to press reports, development firm Thor Equities is planning to build a new retail, hotel and residential complex in midtown Manhattan. The development and management company has agreed to acquire three connected buildings on Fifth Avenue at 43rd Street, and raze them to make way for the new development, according to the Wall Street Journal. The firm is in discussions with hotel companies and residential developers to team up with Thor or buy pieces of the project.