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Built by the William Kaufman Organization, 767 Third Avenue was completed in 1980, at a time when most office buildings were constructed of glass and steel. Going against the grain, developer Melvyn Kaufman selected traditional materials including brick and oak, which were quite unusual for modern-day buildings. The rounded design of the tower ensured that 767 Third Avenue stood in stark contrast to the other buildings lining the thoroughfare.

Today 767 Third Avenue is one of the city's most iconic buildings, highly recognized for its open airy plaza filled with unique public amenities, including the world's largest chessboard.