Peebles countersues former 346 Broadway “partner”

Developer alleges Dan Hoeg falsified credentials, violated confidentiality

TRD New York /
Feb.February 29, 2016 09:45 AM

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.

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


Related Articles

arrow_forward_ios
Michael Bloomberg (Credit: Getty Images, iStock)

Love, hate, and real estate: Bloomberg’s record may polarize voters

WATCH: Don Peebles leads diversity in real estate talk at The Real Deal Miami event

WATCH: Don Peebles leads diversity in real estate talk at The Real Deal Miami event

WATCH: Don Peebles on why developers love Miami’s volatility

WATCH: Don Peebles on why developers love Miami’s volatility

WATCH: Developers and brokers weigh in on Miami sea level rise

WATCH: Developers and brokers weigh in on Miami sea level rise

From left: Ben Carson and Grant Cardone

Opportunity Zones, luxury residential pricing, the diversity dilemma and more at TRD Miami’s Showcase & Forum

Don Peebles

Minority real estate professionals still fight racial and gender barriers: TRD Miami Showcase & Forum

From left: The El Ad Group's Isaac Tshuva, 108 Leonard Street and the Peebles Organization's Don Peebles (Credit: Delek Group, Google Maps, and Peebles Corporation)

El Ad, Peebles land $450M condo inventory loan for Tribeca’s Clock Tower conversion

A court case could kill plans for a $21M penthouse at the Clock Tower building

A court case could kill plans for a $21M penthouse at the Clock Tower building

arrow_forward_ios
Loading...