![]() ![]() The buildings’ elevators, programmed to slow down during high winds, have repeatedly shut down and trapped residents for hours “on multiple occasions.”Įvery 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. 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.” “If I knew then what I know now, I would have never bought.” “Everything here was camouflage,” Abramovich told the Times in February. Three years ago, a water leak several floors above seeped into the Abramoviches’ home, causing an estimated $500,000 in damages. She rode up to their apartment in a freight elevator “surrounded by steel plates and plywood, with a hard-hat operator.” On their move-in date, Abramovich claimed, both their unit and the building were still under construction. Sarina Abramovich told the paper she and her husband bought a high-floor unit at 432 Park for nearly $17 million in 2016. Another home is also currently on the market for $135 million, as Architectural Digest reported earlier this month.īut the cracks in the veneer really emerged in February, when The New York Times reported on many of the residents’ grievances. Saudi retail billionaire Fawaz Alhokair purchased the 96th-floor penthouse in 2016 for $88 million, but he is also selling: Alhokair listed the six-bedroom aerie this summer for $169 million, including artwork and furnishings. ![]() Of course, they only kept their three-bedroom condo for about a year. While many occupants purchased properties anonymously through shell companies, known buyers included former flames Jennifer Lopez and Alex Rodriguez, who purchased a 4,000-square-foot apartment at 432 Park in 2018 for $15.3 million. ![]() Some critics compared Rafael Viñoly’s 125-unit tower to a middle finger jutting above the Midtown skyline, but it still had a projected sellout value of $3.1 billion. That article is also republished on Cryptome.When the 1,396-foot-tall skyscraper was completed in 2015, it was the envy of Billionaires Row and the tallest residential building in the Western Hemisphere. The Development Hub has grown in staff size but continues to provide only limited review of submitted documents.įinally, the Chief Structural Engineer at DoB published an article in the ASCE Journal criticizing the structural peer review of high rises. It was housed away from the DoB main building to convey its special role in speeding examination of plans.įor several initial years of the Hub only two unlicensed professionals examined plans for restricted compliance with the Zoning and Building Codes, omitting structural, mechanical and other components all of which were nonetheless stamped as approved. In 2012 Mayor Bloomberg set up the DoB Development Hub for examination of plans for new building construction and major alterations. The Down Side to Life in a Supertall Tower: Leaks, Creaks, BreaksĬryptome, a website hosted by two New York State registered architects has published a series titled "Most Dangerous NYC Buildings," of full construction drawings for the structures, including all supertalls and high-rises approved by the Department of Buildings since 2012.īackground: Developers lobbied for diminished examinations of plans under the Koch Administration which was implemented in Directive 2-1975 and noted in stamps of examiners since to limit DoB responsibility.
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