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On Block 1 or 2, as indicated on the District Plan in Appendix A of this Chapter, the maximum height of a building or other structure shall not exceed 275 feet above curb level, except that a penthouse may be located above such height, provided that such penthouse:
  1. contains not more than four stories or 40 feet, whichever is less; and
  2. the gross area of each story does not exceed 80 percent of the gross area of that story directly below it.

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