Hearst Corp. Plans Tower In Manhattan

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By: Dave Astor The Hearst Corp.'s 74-year-old headquarters is long past adolescence, but a growth spurt may lie ahead.

New York's Landmarks Preservation Commission approved last week a plan allowing Hearst to erect a 36-story steel-and-glass tower above the media company's six-story stone building on Eighth Avenue at 57th Street in Manhattan.

With at least one more city approval needed and an uncertain economy, construction wouldn't commence until 2003 at the earliest. More than 1,800 Hearst employees at several New York offices (including King Features Syndicate) would be consolidated in the taller building.

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