The condo board at the supertall tower 432 Park Avenue, one of the most expensive addresses in the world, 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, according to a lawsuit filed Thursday. — The New York TImes
Reports on the shortcomings of the nearly 1,400-foot-tall, Rafael Viñoly Architects-designed luxury tower were initially released in February. Identified by an engineering firm hired by the condo board, damages include the estimated cost to repair around 1,500 construction and design defects in common elements of the building. The damages could continue to rise.
As reported by the Times, the decision to go public with the lawsuit was due to the developers’ “band-aid approach” to resolving many of the building’s issues.
12 Comments
Nobody:
NY Developers: Let's go taller!
Starchitects: *bends over*
Starchitect: *stands back up* Oh, wait, this is going to be LEED, right?
.
Just the nose bleeds are worth at least $10M in damages.
That's what happens when you build something that is that tall, with such a small footprint. Physics vs. hubris.
"8th wonder of the world" "layout is perfect" "unlike anything"
me watching the rich devour each other
The office behind it has far less supertall experience than the likes of SOM, ASGG, and even Shop.
*Paging Mr. Ballard*
I'm so stiff right now, that I might need to consider hiring an attorney, if this won't go down soon.
How about gluttony of new money?
"8th wonder of the world" "layout is perfect" "unlike anything"
https://www.youtube.com/watch?v=If1d8w-3fW
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