By Stefanos Chen from NYT Real Estate Share this post. While the building is almost sold out, resales have slowed since the first wave of complaints became public in February. The Down Side to Life in a Supertall Tower: Leaks, Creaks, Breaks By. Residents at 432 Park complained of creaking, banging and clicking noises in their apartments, and a trash chute that sounds like a bomb when garbage is tossed, according to notes from a 2019 owners’ meeting. It was built in 2015 with a projected sellout of $3.1 billion. CIM Group co-founder Richard Ressler owns a unit in the building.Ĥ32 Park Avenue was designed by Rafael Viñoly’s firm. But a spokesman for the sponsor - which includes the CIM Group - said commitments at the building have been honored and accused the condo board of blocking some maintenance requests. Macklowe Properties didn’t provide the outlet comment on the lawsuit. One resident also said it “sounds like a bomb” when garbage is thrown into the trash chute, the Times reported in February. Noise complaints include the sound and vibration that stems from building sway, according to the complaint, especially during inclement weather. Floods and leaks have also occurred due to poor plumbing installation, according to the board, damaging 35 units and common areas and causing millions of dollars in repairs. The complaint filed in New York State Supreme Court reportedly mentions “life safety” issues, including how residents have been trapped in elevators for hours at a time after building sway caused them to stall. The damages claim is based on approximately 1,500 construction and design problems found by an engineering firm the board hired to inspect the building. The lawsuit doesn’t include potential punitive damages or individual lawsuits residents may file. The condo board of the Billionaires’ Row tower is suing the developers for issues related to flooding, broken elevators, noise from the building’s sway and a June electrical explosion, according to the New York Times. 432 Park Avenue residents sue developers for $250M Condo board seeking damages for flooding, noise, troublesome elevatorsResidents at CIM Group and Macklowe Properties’ 432 Park Avenue are escalating previously reported complaints over a wide range of issues with the building’s design and construction in a $250 million lawsuit filed Thursday.

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