The late-1880s-era house, which Deriugin dreamed of encasing in concrete and using as the core for a 500-foot office and condominium tower, will be torn down within the next couple of months, Deriugin said.

“I’m not going to get my cost out of it,” he said.

Deriugin, 52, estimates he’s invested $2 million worth of time in “research and development” over the years.

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