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Super-Rich Condo Owners Are Super-Mad About Creaky High-Rise

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Early this summer, a contractor arrived at 432 Park Ave. on Billionaires’ Row in Manhattan to address pervasive water leaks at the mega high-rise. He began drilling through the concrete floor, allegedly without any guidance on whether the building’s developers had placed electrical wiring below. The contractor quickly discovered the answer. He cut into a cable, triggering an explosion that launched him several feet through the air, according to a lawsuit filed on behalf of tenants this week. It was allegedly the second explosion in just three years.

The lawsuit, which seeks at least $125 million in damages, claims that residents have suffered one of the worst cases of “malfeasance in the development of a luxury condominium in the history of New York City.” The suit further alleges that developers have either tried to dodge accountability for 1,500 building defects or “negligently performed remediation efforts that at worst caused millions of additional dollars in costs.”

Many of the allegations appeared in a New York Times investigation published in February, which unleashed a torrent of schadenfreude in the article’s comments section.........

© The Daily Beast

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