The condo board of the 432 Park Avenue skyscraper has sued building developers CIM Group and Macklowe Properties for $250 million, plus punitive damages. The board's engineering consultant reportedly found than 1,500 construction and design defects in the building,"many of which are described as life safety issues," according toThe board claims that flooding, stuck elevators, and"horrible and obtrusive noise and vibration" in the building are due to design flaws.
The condo board for the infamous 432 Park Avenue skyscraper is suing developers for a list of"defects" in the building. Above, 432 Park Avenue towers above surrounding buildings near Central Park in New York City on March 4, 2021.According to the lawsuit filed Thursday, there was an electrical explosion in June, which marks the second time in three years that an explosion like this occurred.that finding faults in the building is"almost like peeling an onion.
The building's sponsor defended itself in a statement, saying,"virtually all new construction has maintenance and close-out items during the building's initial period of occupancy. [The sponsor] has been and remains committed to working collaboratively with the HOA to resolve these matters."
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