NY Post reports that the condo board at 85 Adams Street, the building known as The Beacon Tower, has filed a $150million Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit citing nearly 100 construction problems. They are accusing the sponsors and the architect of committing mail fraud after obtaining a temporary certificate of occupancy.
The NY Post story mentions:
“To obtain the certificate, the engineer and architect signed Building Department documents verifying that fire stops were present when the board’s engineers later found none were installed, the complaint says.
Sales material for the 23-story tower at 85 Adams St. boasted of “a curvilinear louvered top … lit internally creating a beacon of light that will announce Beacon Tower’s position at the apex of the DUMBO community.”
But the light went out and there is no way to get to it to fix it, according to Steve Sladkus of Wolf Haldenstein, the lawyer for the board.In addition, the complaint lists a litany of woes, including counter tops that are too high, parapet walls that are too low, improperly placed sprinklers, water leaks and unsafe windows.”
The suit claim the sponsors knew about these issues but were not communicated to the buyers in the offering plan. The sponsors named were: Jeshayahu, aka Shaya Boymelgreen, the Boymelgreen Family, AI Properties and Developments (USA), the sales brokers at Corcoran Brooklyn, the architects Cetra/Ruddy, two engineering firms and others.
There are 79 units in the building and of the 91 recorded sales data compiled by Streeteasy.com, the average price per square feet was $751. There are two active listings (#4D for $875k and #10C for 685k) and two listings in contract (#3C 650k and #4C $629k).
Let’s hope the lawsuit doesn’t take 5 years as it did for the 50 Bridge Street lawsuit.
What I do not understand is how all of these publications keep repeating the story without fact checking. What has happened to journalism? There is no record in Kings County Supreme Court of this alleged lawsuit! Don’t any of you care if the story is true before you report?
What I do not understand is how all of these publications keep repeating the story without fact checking. What has happened to journalism? There is no record in Kings County Supreme Court of this alleged lawsuit! Don’t any of you care if the story is true before you report?
Thank You Julie..
Thank You Julie..
The original NY Post article quotes the lawyer for the board, then got reposted on The Real Deal, Curbed, Brownstoner.
The lawyer said that among the complaints included the beacon light and “there is no way to get to it to fix it”. Someone who claims to be a resident on Brownstoner commented that the residents voted to shut off the light since it was a “waste of electricity/money to light the beacon every night…All the other complaints listed were minor and easily fixed, we are just suing the sponsor as they were responsible for the defects.”
The original NY Post article quotes the lawyer for the board, then got reposted on The Real Deal, Curbed, Brownstoner.
The lawyer said that among the complaints included the beacon light and “there is no way to get to it to fix it”. Someone who claims to be a resident on Brownstoner commented that the residents voted to shut off the light since it was a “waste of electricity/money to light the beacon every night…All the other complaints listed were minor and easily fixed, we are just suing the sponsor as they were responsible for the defects.”
RICO is a federal statute. Did you check EDNY?
RICO is a federal statute. Did you check EDNY?
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