12/30/2023 0 Comments Life tower leaks creaks breaks![]() 'Incredibly, this was the second arc-flash explosion to occur at the Building in the past three years under the Sponsor's watch.' 'This resulted in an arc flash explosion, which threw the contractor backward, several feet through the air,' the lawsuit states. Residents say the developers didn't provide the contractor with proper drawings to identify where it was safe to drill. Recently, a contractor who was trying a 'band-aid' fix for water filtration issues drilled through the building's concrete foundation. They also allege 'severe flooding and widespread water damage.' Residents had to be rescued after becoming trapped in elevators for hours because they were programmed to slow down when high winds hit the 1,400 ft building, according to the lawsuit. Members of the condo and commercial board are now demanding $250 million dollars from developers and calling the building one of 'the worst examples of sponsor malfeasance in the development of a luxury condominium in the history of New York City,' according to a lawsuit filed Thursday in New York Supreme Court. The super-thin commercial and residential building at 432 Park Avenue, completed in 2015, was the tallest residential building in the Western Hemisphere for a while. Ultra-rich Manhattanites who paid as much as $88 million to live in a 102-story skyscraper in 'Billionaire's Row' are suing developers for shoddy construction which has led to water leaks, elevator failures and at least one electrical explosion that threw a contractor 'several feet through the air.' He sued developer Harry Macklowe after he refused to return his $11 million depositīy Adam Manno and Ariel Zilber For
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