Tequila mogul unmasked as irate buyer suing Harry Macklowe over flood at 432 Park

Juan Beckmann Vidal wants his $11.56M deposit back

New York /
Feb.February 09, 2017 10:30 AM

UPDATED: Feb. 9, 2:35 p.m.: Trouble in Margaritaville? The furious buyer suing Harry Macklowe over a “catastrophic flood” at 432 Park Avenue is none other than tequila heir Juan Beckmann Vidal.

Vidal, whose family founded Jose Cuervo in Mexico over 250 years ago, went into contract on the $46.25 million pad in 2013, sources told the New York Post. Worth an estimated $2.4 billion, he is suing Macklowe Properties and CIM Group to recoup an $11.56 million deposit on the property, which he did not close on.

In the suit, Vidal, whose fortune is estimated at $2.4 billion, described a “catastrophic water flood,” as The Real Deal first reported. The water saturated “multiple layers of insulation and sheetrock, penetrating the walls and internal support beams and electrical wires, and infiltrating the marble and wood flooring throughout.”

Last month, Saudi investor Hamza Al Kholi sued Macklowe alleging he was cheated out of a 2 percent stake in the sale of the tower’s retail space. [NYP]E.B. Solomont


Related Articles

arrow_forward_ios
Wyoming ranch with ties to Walt Disney hits market for $71M
Wyoming ranch with ties to Walt Disney hits market for $71M
Wyoming ranch with ties to Walt Disney hits market for $71M
Seattle Hotel Group's Bruce McCaw and property at Hunts Point, Washington (Getty, Windermere Real Estate)
Bruce McCaw’s Northwest estate hits the market at record-setting price
Bruce McCaw’s Northwest estate hits the market at record-setting price
Extell's Gary Barnett and 217 West 57th Street (Barnet by Paul Dilakian, Itrytohelp32, CC BY-SA 4.0, via Wikimedia Commons)
Barnett: Central Park Tower will fall short of $4B sellout
Barnett: Central Park Tower will fall short of $4B sellout
From left: Extell's Gary Barnett and JDS Development’s Michael Stern along with One Manhattan Square, The Narrows, and 111 West 57th Street (Extell, JDS Development, Getty Images, The Narrows Condo)
New development sales plummeted 30% in July
New development sales plummeted 30% in July
Zillow's Rich Barton, Allen Parker (Zillow Group, Getty)
Zillow brushes off Citysnap threat, says agent advertising will fall
Zillow brushes off Citysnap threat, says agent advertising will fall
Douglas Elliman Chairman and CEO Howard Lorber (Getty Images)
Sell, sell, sell: Lack of listings dampens Elliman earnings
Sell, sell, sell: Lack of listings dampens Elliman earnings
Zillow's Rich Barton and Opendoor's Eric Wu (Zillow Group, LinikedIn, Getty)
After iBuying debacle, Zillow partners with Opendoor
After iBuying debacle, Zillow partners with Opendoor
Redfin CEO Glenn Kelman (Illustration by Priyanka Modi for The Real Deal with Getty)
Redfin’s losses swell to $78M in Q2
Redfin’s losses swell to $78M in Q2
arrow_forward_ios

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

Loading...