Condo owners in a billionaire ‘superstall row accuse his builders of’ deliberate and wide fraud ‘for concealing dangerous losses

When it comes to 432 Park Ave., one of the most manhattan spending addresses, the cracks are not just in concrete – they are in confidence.

The board in the famous billionaires superstall is accusing its developers of orchestrating a “deliberate and wide fraud” hiding thousands of losses, many of which claim to compromise the structure and security of the building, according to the New York Times.

In two lawsuits won in 2021, the other in April 2025 Unit owners claim a coverage that includes nearly a decade and hundreds of millions of dollars.

“This issue lies beyond negligence in a claimed scheme calculated, with greedy car, that eroded confidence,” a lawyer told the Condo Board for the post in a state.

At the center of the newest legal complaint is the white facade of the building’s sealing concrete, a design element that doubles as a load structure for the tower of 1,396 meters long, according to Times.

The April trial, set up at the New York State Supreme Court, claims that developers Cim Group and Macklowe Property Mix Concrete would not hold under pressure, but falsified forward with constructions anyway – ignoring internal warnings, failed tests and increasing structural deficiencies.

“It is difficult to know the impact of cracking on a fully charged building,” Viñoly Architects noted in a 2012 field report quoted in the file.

Also quoted in the lawsuit: another engineering firm, WSP echoed the concern and advised to develop to “keep the spill” until the “valuable” mixture was confirmed. Both warnings are allegedly rejected.

The lawsuit of the lawsuit appeared in almost every mockery and continued well in the construction phase, with more than 1,800 identified from 2016-many categorized as “life safety items”.

Problems ranged from superficial flaws to “large gaps, spalls of unknown origin, unfulfilled cracks, open cracks and other serious deficiencies,” the board claims. Despite four special consultants that have been brought, residents say developers routinely chose cheaper or cosmetic adjustments for significant repairs.

Tower 432 Park opened in 2015 with fanaticism and a predicted value exceeding $ 3 billion. Protected as the roof of vertical luxury, the 96-storey tower attracted celebrities like Jennifer Lopez and international buyers worn after anonymous shell corporations.

The units were marketed as pristine saints in the sky, with prices ranging from $ 10 million to $ 35 million and equipment such as a private restaurant, a pool and a library with a wood -burning fireplace.

But residents claim that life in the clouds has been less than quiet.

Both lawsuits detail the continuous continuing floods, infiltration of water in the sub-base, dysfunction elevators, loud noises from fertilizers and heavy tremor issues.

One resident is suspected to have moved for 19 months during the second of the pandemic in unknown noise issues and construction support.

“Using trash trash sounds” as a bomb “,” owners of the alleged units in the 2021 complaint, which also accused developers of distributing a building “filled with over 1,500 identified construction and design defects for ordinary elements … leaving aside multiple units”.

Among those alleged defects: non -closed sliding doors, blurred windows, bases of bases detached from walls and repeated interruption failures.

The lawsuits accuse that both developers and contractors make misleading representations in the department of the state buildings and regulators, minimizing or concealing the extent of damage to avoid costly delays.

Developers deny the charges.

In a Times state, a Cim Group spokesman said the firm “by force” denies claims and plans to seek dismissal.

Slce Architects, another defendant, issued a similar denial. WSP and Macklowe property did not respond to comment requests.

Even with legal clouds, agents say the building has not yet suffered a full -priced collapse.

“Hard hard to try one negative,” mediator Jason Haber, who is currently listing a five-bedroom unit on the 55th floor for $ 29.5 million from $ 33 million to 2022 business insured. “I know only people who contact me for the building.”

For now, the board at 432 Park is seeing at least $ 165 million in damage to its latest appearance, citing not only the repair costs but also reduced the value of resale and the damage to the reputation.

The city’s building department told Times that he had not received any announcement of “accidentally immediate conditions” from engineers working on the site.