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Residents of a stricken supertall building are suing for $125 million in damages.

Residents of a stricken supertall building are suing for $125 million in damages.
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Written by Zack Motion

Residents of a stricken supertall building are suing for $125 million in damages.

The developers are being taken to court by the condo board at 432 Park Avenue for construction and design flaws that have resulted in floods, broken elevators, and electrical explosions.

According to a lawsuit filed on Thursday, the condo board at the supertall tower 432 Park Avenue, one of the world’s most expensive addresses, is suing the developers for $125 million in damages, citing multiple floods, faulty elevators, “intolerable” noise caused by building sway, and an electrical explosion in June — the second in three years — that knocked out power to residents.

The roughly 1,400-foot-tall tower, designed by top architect Rafael Violy’s company, originally came under fire in February, when The Latest York Times published many of the allegations in the new lawsuit.

According to the complaint filed with the New York State Supreme Court, “this case provides one of the greatest cases of sponsor wrongdoing in the development of a premium condominium in the history of New York City,” referring to the developers, CIM Group and Macklowe Properties. The damages include the estimated cost of repairing 1,500 construction and design faults in common areas of the building discovered by an engineering firm hired by the condo board; they do not include punitive damages or separate cases filed by individual residents.

Residents of a stricken supertall building are suing for $125 million in damages.

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Zack Motion

I am a celebrity blogger, music artist and a student. ZackMotion.com is the No.1 African trused art and entertainment portal. For African music and entertainment news we are No.1 CONTACT US NOW +233500638323

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