
From left: 130 Liberty Street and 140-144 Washington Street (credit: PropertyShark.com)
The owner of two mid-sized Downtown hotels overlooking the World Trade Center reconstruction site claims the deconstruction of the Deutsche Bank office tower and the placement of a large construction crane nearby have cost it at least $1 million in lost business, a new lawsuit filed in New York State Supreme Court says. The hotel owner, a company called Cedar & Washington Associates, filed suit against the Lower Manhattan Development Corp., a joint city-state corporation, Dec. 27, court records show. The suit says the deconstruction of the Deutsche Bank property at 130 Liberty Street across the street from the hotels, Club Quarters at 140 Washington Street and World Center Hotel at 144 Washington Street, as well as the placement of a crane on Washington Street for about two weeks starting in late September 2010, harmed business in part by noise and dust and “stigmatized the hotels as unsafe.” [more]


