Icon files $6M lawsuit against 985 Park contractor

New York /
Aug.August 20, 2008 02:52 PM

 
The Icon Group, developers of the luxury 15-story condominium tower at 985 Park Avenue, filed a $6 million lawsuit in state court last week claiming the project’s general contractor was to blame for a fire and a 10-month delay.

The slim, Costas Kondylis-designed building at 83rd Street has five duplex units, a triplex garden unit and a triplex penthouse.

The closings for the sold-out building were in late 2007, with prices ranging from $5.175 million for a duplex to $7.25 million for the penthouse triplex, city records showed.

The complaint, filed in Manhattan State Supreme Court on August 15, alleges Marson Contracting, of the Bronx, managed the project poorly and allowed the fire to happen through negligence. Neither the fire’s date nor its severity was disclosed.

Icon says it signed an agreement in June outlining payments to Marson that would share insurance proceeds from the fire, and says in the lawsuit that it will drop the $6 million in damages it is seeking if those payments are made. The payments would total $800,000 plus one third of the insurance claim’s net proceeds.

The suit also states the final certificate of occupancy had not yet been issued, but on Monday the Department of Buildings issued it, city records show.

An attorney for Marson Contracting declined to comment beyond saying, “Marson vehemently denies the allegations.”

A principal with Icon, Terrence Lowenberg, declined to comment.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
781 Fifth Avenue and Howard Lorber
Full 17th floor at Sherry-Netherland asks $30 million
Full 17th floor at Sherry-Netherland asks $30 million
Governor Kathy Hochul, casino chips, film camera
How Hochul’s film tax credit, casino plan affect real estate
How Hochul’s film tax credit, casino plan affect real estate
Council member Pierina Sanchez and Public Advocate Jumaane Williams (Photo Illustration by Steven Dilakian for The Real Deal with Getty, New York City Council)
Bill targets co-op discrimination against buyers
Bill targets co-op discrimination against buyers
Kohler Interiors' Rachel Kohler with  21-05 51st Avenue (Loopnet, Getty)
Tile retailer Ann Sacks inks 21K sf lease in Long Island City
Tile retailer Ann Sacks inks 21K sf lease in Long Island City
A photo illustration of The Agency’s Rainy Austin and Mauricio Umansky (Getty, The Agency)
Layoffs hit The Agency
Layoffs hit The Agency
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...