Fosun Property, the real estate investment arm of conglomerate Fosun International , announced in April it had acquired a piece of land on New York’s Madison Avenue and plans to build an over 200-meter high luxury residential tower at the site.

The 32,500-square-meter tower will contain 174 units on 47 stories, with an unobstructed view of the Manhattan island for its penthouse suite. It will also house amenities such as a swimming pool, a fitness center and spa services.

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