It’s a situation that might sound all too familiar to New York real estate insiders. A plan to build one of the tallest residential buildings in Boston has been scrapped amid concerns about high construction costs and oversupply in the luxury market, the Boston Globe reported. Publicly-traded mall giant Simon Property Group announced in a third quarter earnings call that it was putting aside plans for the 625-foot, 52-story residential tower atop Boston’s Copley Place.