Opal Holdings hit with $10M suit over construction damage

The developer is building a 15-story project in East Village

New York /
Jan.January 30, 2019 11:00 AM

642 and 644 East 14th Street (Credit: Google Maps and Pixabay)

Second Avenue Deli owner Jeremy Lebewohl has filed a lawsuit for $10 million saying that his residential building in the East Village has been damaged by work on a nearby development.

He says in the suit that the work Opal Holdings is doing on its mixed-use project at 644 East 14th Street has led to cracks in the walls and inoperable metal doors in his building at 642 East 14th Street, according to Commercial Observer.

Rabsky Group bought the neighboring property at 644 East 14th Street for $15 million in 2014 and sold it to Opal in 2016 for $23 million. Opal is planning a 15-story, 50-unit mixed-use building on the site.

The suit says Opal tried to cut costs on the project by driving piles for the foundation too close to Lebewohl’s building, which led to the damages.

Lebewohl is also asking for Opal to stop construction until repairs and a risk assessment are complete at his building. [CO] – Eddie Small


Related Articles

arrow_forward_ios
Michael Stern and Walker Tower unit 15B (JDS, Google Maps)
Michael Stern’s Walker Tower pad sells for 24% under ask
Michael Stern’s Walker Tower pad sells for 24% under ask
Homebuilding is largely responsible for the increase in construction spending. (Getty / Photo Illustration for The Real Deal)
Construction spending hits new record in January
Construction spending hits new record in January
A Columbus Circle apartment once owned by Tom Brady and Gisele Bundchen  went into contract last week, helping the Manhattan luxury home market finish February on a high note. 551 West 21st Street on the right. (Photos via Compass, Getty, Foster and Partners)
Manhattan luxury market has best month in six years
Manhattan luxury market has best month in six years
(iStock/Illustration by Kevin Rebong for The Real Deal)
These are real estate executives’ worst worries for 2021
These are real estate executives’ worst worries for 2021
Richard Lampen and Howard Lorber (Vector Group)
Calling all founders: Howard Lorber’s Vector Group launches VC arm
Calling all founders: Howard Lorber’s Vector Group launches VC arm
Bryan Cranston and his California beach house (Getty, Realtor)
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
RE/MAX CEO Adam Contos (Facebook)
RE/MAX revenue ticks up in Q4 but profit sinks
RE/MAX revenue ticks up in Q4 but profit sinks
(iStock/Illustration by Kevin Rebong for The Real Deal)
State will use undercover testers to combat housing discrimination
State will use undercover testers to combat housing discrimination
arrow_forward_ios

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

Loading...