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NEW YORK CITY — Vornado Realty Trust has acquired the land and air rights above a development site at 220 Central Park South in Manhattan for $194 million. Extell Development Co., builder of the nearby One57 luxury-condo tower, was the seller, according to Bloomberg. Vornado says the deal will enable the company to begin work on a 920-foot luxury residential condominium tower at the site. Robert A.M. Stern Architects will design the 472,000-square-foot tower, which will have unobstructed views of Central Park.