Brooklyn Condo Board Hits Sponsors With $200M Defect Suit

Law360, New York (September 11, 2012, 7:03 PM EDT) -- The condominium board of One Grand Army Plaza, a recently completed 15-story luxury residential tower in Brooklyn, N.Y., hit the building's sponsors and architects with a $200 million suit Friday, claiming they fraudulently misrepresented the quality of the building's construction and amenities.

Despite promising in marketing materials that One Grand Army Plaza would be “Brooklyn's most sought-after luxury residence,” the sponsors, architects and developers allegedly failed to provide key amenities mentioned in the offering plan; properly construct or fix floors, walls and balconies; and obtain a...
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