Empire State Building Tenant Sues For $40M Over Renovation

By Natalie Rodriguez (June 11, 2013, 2:49 PM EDT) -- The landlord of the Empire State Building and several affiliates were hit with a $40 million suit Friday by a ground-floor retail tenant that contends construction at the iconic property violates a lease agreement and has caused its bar and lounge business to plummet.

Scaffolding, an exterior elevator and a makeshift wall put up in November 2011 for renovations have caused the The Empire Room LLC's business to drop by at least 60 percent, according to the complaint. And Empire Room contends the interference with its business is unreasonable, and that the landlord is in violation of a lease provision in...

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