An existing medical office building would be torn down to make room for the development, but according to information submitted to city planners a portion of the new space also may be leased to medical professionals.

One other Metzler project is underway. Metzler, a wholly owned subsidiary of Bankhaus B. Metzler seel.Son & Co. KGaA, a privately-held investment bank in Germany, is already building Lakeridge Square, a four-building, 610,000-square-foot office complex at Northeast 40th Street and 148th Avenue Northeast. Microsoft Corp. will be the sole tenant.

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