Carlyle, Extell face yet another suit at the Rushmore

New York /
Aug.August 21, 2012 01:30 PM

The co-developers of the Rushmore, a 289-unit luxury condominium on the Upper West Side are facing legal trouble yet again, according to Crain’s. Extell Development and Carlyle Realty Partners are being sued by Chris Bevilacqua, who has a unit under contract at the Rushmore, for breach of contract. Bevilacqua claims that information affecting the offering, such as previous lawsuits and administrative proceedings, was not disclosed. He is seeking the return of his $525,000 deposit plus an additional $5 million in punitive damages.

“Mr. Bevilacqua plans to hold the defendants and their principals accountable for the false and improper certifications made under the contract and offering plan as more particularly described in the lawsuit,” Marc Held of the Lazarowitz & Manganillo law firm, who is representing the plaintiff, said.

In 2010, the Rushmore, located at 80 Riverside Boulevard, was ordered by the court to refund 40 condo buyers a total of $16 million after missing a closing deadline – New York’s largest recorded refund. The developers claimed that the condo offering plan’s Sept. 1, 2008 deadline was a typo, and have since appealed the ruling four times. [Crain’s] –Christopher Cameron


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
Extell lands $690M refinancing package for One Manhattan Square
Gary Barnett with an aerial of 738 and 740 Eighth Avenue (Google Maps)
Extell’s Times Square megaproject advances with $82M deal
Extell’s Times Square megaproject advances with $82M deal
Extell’s Columbus Circle dev site dream is shrinking
Extell’s Columbus Circle development dream is shrinking
Extell’s Columbus Circle development dream is shrinking
Robert Herjavec and One57 (Getty, Beyond My Ken/Wikimedia)
Robert Herjavec buys One57 condo at $13M discount
Robert Herjavec buys One57 condo at $13M discount
Kevin Clayton with Central Park Tower (Clayton Homes, Central Park Tower)
CEO of modular homebuilder buys condo on Billionaires’ Row
CEO of modular homebuilder buys condo on Billionaires’ Row
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett and Jay and Stuart Podolsky in front of 1645 First Avenue (Getty, Google Maps)
Gary Barnett site has one problem: the Podolsky brothers
Gary Barnett site has one problem: the Podolsky brothers
Kathryn Garcia backers include Extell's Gary Barnett, BFC Partners' Donald Capoccia, and L+M's Ron Moelis and David Dishy (Getty, BFC, L+M)
Gary Barnett throws $50K behind PAC supporting Kathryn Garcia
Gary Barnett throws $50K behind PAC supporting Kathryn Garcia
arrow_forward_ios

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

Loading...