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Hurricane shreds NYC high-rise condo crane

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Editor's note: Inman News Publisher Brad Inman is in Manhattan, waiting out Hurricane Sandy. He will be filing stories as they relate to real estate over the next couple of days.By BRAD INMANNEW YORK CITY -- A life-threatening danger looms at a new high-rise condominium development in New York City’s Midtown area after a construction crane was dislodged at 2:30 pm and now is facing gale-force winds from Hurricane Sandy.Currently under construction in Midtown Manhattan, the 75-story One57 tower skyscraper is billed as a luxury "Wall of Glass."In the last six months, the mysterious building has become a symbol of the booming Manhattan real estate market, as moneyed buyers allegedly paid top dollar for signature buildings before construction was even complete.Upon scheduled completion in 2013, it will stand at 1,004 feet tall, making it one of the tallest buildings in the city. The mixed-use tower developed by the Extell Development Company, will have 135 residential units on ...