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Billionaires' Row building faces lawsuits over cracks, leaks and serious issues
432 Park Avenue, a skyscraper considered one of the tallest and most luxurious in New York, has become the target of legal disputes after residents reported more than 1.500 structural and operational defects, including leaks and constant noise that compromise comfort and safety in the building. The lawsuits raise a debate about the real quality of high-end constructions.
Serial problems at billion-dollar skyscraper
Opened in 2015 and located in the famous area known as Billionaires' Row, 432 Park Avenue promised to offer absolute luxury in the heart of Manhattan. However, according to a report by Business Season, residents of the skyscraper claim that the enterprise is full of technical failures. Among the main problems reported are cracks in the white concrete facade, recurring leaks, elevators damaged by leaks and strange noises that compromise the well-being of residents.
The complaints became the basis for two lawsuits against those responsible for the project. The first lawsuit was filed in 2021, denouncing more than 1.500 defects in the design and construction, both in the common areas and in the private units. The second, filed in April 2025, brings even more serious accusations, suggesting deliberate fraud on the part of the companies involved.
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Allegations of fraud and omission in the skyscraper project
The second lawsuit claims that CIM Group, Macklowe Properties, SLCE Architects and McGraw Hudson Construction had prior knowledge that the façade structure would not stand up as designed. According to the documents, the skyscraper's flaws were hidden from buyers and authorities in order to maintain the project's high profits. Business Season It also highlights that, even after internal warnings, those responsible would have chosen to continue with the delivery of the building without the necessary corrections.
Representatives for SLCE Architects and CIM Group have denied the allegations and said they will request that the case be dismissed. According to the defendants, the problems identified are typical of any large real estate development and are being exaggerated in order to secure undue financial compensation.
Skyscrapers and the debate on quality in high-end construction
The case of 432 Park Avenue opens an important discussion about the responsibility of builders in high-end projects. The building was heralded as a symbol of prestige and architectural excellence, with apartments selling for tens of millions of dollars. However, the reported problems call into question confidence in the luxury skyscraper sector.
According to The New York Times, this is not an isolated case: other developments in the same region have already faced criticism for prioritizing design and marketing over technical quality. The situation reinforces the need for stricter regulations and transparency in the construction and sales processes of high-value properties.
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