Thursday, September 30, 2021

Issues...

 

Image is not related.

In New York real estate, money can usually buy you a modicum of happiness. But the residents of one of the city’s priciest—and tallest—residential towers are suing its developers for structural flaws they say have made their lives a living nightmare.

According to the board, shoddy workmanship and poor planning has led to flooding, stuck elevators, electrical explosions, and “horrible and obtrusive noise and vibration” caused by building sway.

The suit accuses CIM and Macklowe of “one of the worst examples of Sponsor malfeasance in the development of a luxury condominium in the history of New York City.”

The buildings’ elevators, programmed to slow down during high winds, have repeatedly shut down and trapped residents for hours “on multiple occasions.”

Every 12th floor is an unenclosed space, intended to allow air currents to pass through, decreasing wind resistance and cutting down on stress to the structure. But, according to the lawsuit, even CIM Group chair Richard Ressler, a fellow resident, admitted in “an unguarded moment” that the sound and vibration issues were “intolerable” and made it hard to sleep during bad weather.  Just a thought.

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