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New York

Peebles countersues former 346 Broadway “partner”

Developer alleges Dan Hoeg falsified credentials, violated confidentiality

Daniel Hoeg, Don Peebles and 346 Broadway in Tribeca
Daniel Hoeg, Don Peebles and 346 Broadway in Tribeca

Peebles Corporation is again hitting back against a former collaborator who sued the developer in September.

In a countersuit filed earlier this month, Peebles alleged Daniel Hoeg’s 2012 resume was “substantially falsified and/or inaccurate,” and accused him of breaching confidentiality in his lawsuit, the New York Observer reported.

In September, Hoeg accused the developer of reneging on a joint venture agreement the two parties allegedly made in 2012 to pursue city projects, ultimately including 370 Jay Street in Downtown Brooklyn, 346 Broadway in Tribeca and others.

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Hoeg claimed he was entitled to 25 percent of profits from the 346 Broadway redevelopment. Peebles bought the property for $160 million in late 2013, with plans to convert it to Condos along with the Elad Group.

Peebles’ lawyers called the claim “frivolous” at the time, and filed a motion to dismiss the suit at the time, claiming the agreement between the parties was for consulting services, not a joint venture.

Another former Peebles collaborator, Daniel Newhouse, sued Peebles over the project as well, saying he was entitled to a five percent ownership stake, but has since dropped the case. [NYO] – Ariel Stulberg

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Don PeeblesPeebles Corporation