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Tory Burch must be in a good mood today. Sally Spanburgh reports that Burch's proposed plan to tear down her house in Southampton—the one she bought from her ex-husband earlier this year for $22.5 million—has been approved. Small sacrifices were involved, however. Town officials gave her the green light after her architect agreed to lower the height of the house he's planning to build in its place by three and a half feet, so it won't block her neighbor's view of the ocean. [SVR, previously]