CNN
—
Apartment owners at a luxury New York skyscraper are suing the building’s developers over a “far-reaching fraud” in which they allegedly hid structurally significant defects — including “thousands” of severe cracks on the tower’s facade.
The condo board at 432 Park Avenue, a super-skinny high-rise on Manhattan’s Billionaire’s Row, claims that real estate firm CIM Group failed to disclose the extent of damage that has resulted in flooding and impacted the value of their multimillion-dollar properties.
Filed at the state court in New York in late April, the lawsuit also names architecture and engineering companies involved in the project. Condo…
