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The news contradicts recent rumors that the building housing the museum at 9 West 57th Street would be sold.
Hill West Architects has designed a residential building along Manhattan's Billionaire's Row with a slanted glass facade.
Norman, who brought Modern masters to Phillips during his three-year tenure there, will begin advising clients privately.
The late Sheldon Solow developed the towers on the Upper East Side.
Elon Musk is building a "hardcore litigation department." He'll become the latest billionaire to assemble such a team.