Hold the wrecking ball! Linda Macklowe seeks court order over 432 Park demolition

Harry Macklowe allegedly wants to lop off one-third of her condo

New York /
Sep.September 28, 2017 12:00 PM

Linda Macklowe’s attorneys are asking a judge to issue a restraining order to halt construction — or in this case, demolition — of her apartment at 432 Park Avenue.

In a lawsuit filed Tuesday, the estranged wife of developer Harry Macklowe said her soon-to-be ex-husband filed plans to lop off one-third of Linda’s 2,663-square-foot apartment, co-opting that space for his own adjacent condominium unit. The plans would leave Linda with a 1,766-square-foot one-bedroom on 78th floor of the supertall tower, developed by Macklowe Properties and CIM Group.

   Related: Harry shrunk Linda’s pad at 432 Park and made his bigger: suit

Thursday’s motion cites the developer’s “outrageous actions,” and seeks the court’s intervention until a final ruling can be made.

“[Linda Macklowe] is being forced to choose between closing on an apartment which is substantially smaller than that which she has contracted to buy – at the full purchase price – and defaulting” on her purchase agreement, according to the filing. Linda Macklowe went into contract on the $14.4 million condo in 2013. Defaulting on the agreement would jeopardize her $2.16 million deposit, according to the filing.

Earlier this week, a spokesperson for the developer said the apartment was “a gift” and that Linda has categorically denied she will live there.

The divorce proceedings have included a forensic analysis of Macklowe’s extensive real estate portfolio and the couple’s valuable art collection — including several pieces by Andy Warhol — which is estimated to be worth up to $1 billion.


Related Articles

arrow_forward_ios
The Colorado Fire burns down toward the Bixby Bridge in Big Sur, California, early Saturday morning. (Photo by Karl Mondon/MediaNews Group/The Mercury News via Getty Images)
Wildfire near Big Sur sends hundreds fleeing
Wildfire near Big Sur sends hundreds fleeing
New York Ranger Jacob Trouba (Getty)
Rangers’ star Jacob Trouba nets Tribeca condo for $6.7M
Rangers’ star Jacob Trouba nets Tribeca condo for $6.7M
Chrissy Teigen and John Legend with 374 Broome Street (Credit: Karwai Tang/Getty Images; Google Maps)
John Legend and Chrissy Teigen selling penthouse apartments in Nolita
John Legend and Chrissy Teigen selling penthouse apartments in Nolita
Michael Fulfree and Bianca D’Alessio of Nest Seekers International (Nest Seekers)
They can sell the Hamptons. But can they sell “Selling the Hamptons”?
They can sell the Hamptons. But can they sell “Selling the Hamptons”?
From left: Ryan Johnson and Jeff Berens, co-founders of Culdesac, in front of a rendering of Culdesac Tempe (Culdesac, iStock)
Startup that wants to build car-free cities raises $30M Series A
Startup that wants to build car-free cities raises $30M Series A
Eviction problems hit NJ, NY after moratoriums lift
Eviction problems hit NJ, NY after moratoriums lift
Eviction problems hit NJ, NY after moratoriums lift
(iStock/Illustration by Kevin Rebong for The Real Deal)
Existing home sales hit 15-year high in 2021
Existing home sales hit 15-year high in 2021
Joseph Tsai, executive vice chairman, Alibaba (Getty Images, LoopNet, iStock)
Office behind Joseph Tsai revealed as buyer in 220 Central Park South megadeal
Office behind Joseph Tsai revealed as buyer in 220 Central Park South megadeal
arrow_forward_ios

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

Loading...