P. Diddy sues landlord at Fifth Ave. flagship

December 31, 2009 04:32PM

475 Fifth Avenue and P. Diddy (Building photo source: PropertyShark)

P. Diddy is suing the landlord at his flagship clothing store, Sean John, at 475 Fifth Avenue for $2.5 million (see full suit document via TMZ below). The suit alleges the landlord, 475 Fifth 09 LLC, never removed scaffolding which was erected in August 2006, leaving customers unable to view the storefront and costing P. Diddy $5 million in lost revenues at the once-bustling store. Christian Casey, the company which runs P. Diddy’s clothing line, said revenues at the flagship store have been cut in half because of the scaffolding and want the lease rescinded for an alleged breach of contract. Barclays Capital took back the building from developers Westbrook Partners and Joseph Moinian earlier this year. [TMZ] and [Courthouse News Service]


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