Peebles countersues former 346 Broadway “partner”

Developer alleges Dan Hoeg falsified credentials, violated confidentiality

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
Don and Katrina Peebles with their Old Cutler Road home (Getty, The Jills Zeder Group/photography by 1 OAK Studios)
Developer Don Peebles relists Coral Gables estate for $15M
Developer Don Peebles relists Coral Gables estate for $15M
Don Peebles
Don Peebles’ diversity capital call: Developer says push for equal economic opportunity is “not going away”
Don Peebles’ diversity capital call: Developer says push for equal economic opportunity is “not going away”
Don Peebles (Getty, iStock)
Don Peebles looks to deploy capital for $500M diversity fund by year-end
Don Peebles looks to deploy capital for $500M diversity fund by year-end
Don Peebles: A leader’s role “is to look at things in balance”
Don Peebles: A leader’s role “is to look at things in balance”
Don Peebles: A leader’s role “is to look at things in balance”
Michael Bloomberg (Credit: Getty Images, iStock)
Love, hate, and real estate: Bloomberg’s record may polarize voters
Love, hate, and real estate: Bloomberg’s record may polarize voters
WATCH: Don Peebles on why developers love Miami’s volatility
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
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
Opportunity Zones, luxury residential pricing, the diversity dilemma and more at TRD Miami’s Showcase & Forum
arrow_forward_ios

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

Loading...