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Two Dallas developers are looking at buying the towns tallest tower with plans to redevelop it. Mike Hoque and Mike Ablon told D CEO that they have the 72-floor Bank of America Plaza under contract. The seller is Metropolis Holdings.

The buyers plan to invest $350 million revamping the building. Plans for the 1.85 million-square-foot tower include a 300-room luxury hotel. Hoque is working with Horizon Capital, to pursue the hotel idea.