NYC Condo Board Action Alleges Building 'Defects'

摘要

The condominium board at a 1,396-ft-tall residential tower on New York City's Billionaires' Row has sued the building's developers, claiming to have identified more than 1,500 construction and design defects. Residents of 432 Park Avenue in Manhattan are living with serviceability issues like "horrible and obtrusive noise and vibrations" and may face more serious problems as well, the lawsuit filed on Sept. 23 claims. The alleged defects, which the suit states were identified by SBI Consultants on behalf of a group of residents, include alleged code violations and "life safety issues." The plaintiffs are seeking more than $250 million from the building's sponsor, 56th and Park (NY) Owner LLC-an entity used to run the condo board until most of the units were sold-plus seven employees of developers CIM Group and Macklowe Properties, who have served on the condo board.