Written by Bill Morris on July 15, 2021
Angry unit-owners seeking new board and $50 million in punitive damages.
Written by Bill Morris on November 19, 2020
Hell’s Kitchen co-op works hard not to become a holiday hotel.
Written by Sue Treiman on October 29, 2020
Residents of outer boroughs needed to join the ambitious TOSS crusade.
May 21, 2019
Resistance seen along Billionaires’ Row is absent for women’s shelter.
Condo board prevails in dispute over what’s allowed in common areas.
January 04, 2017
Three years after fatal fire, lawsuit filed against Strand condominium.
Written by Bill Morris on December 16, 2016
Sometimes, calamity can make a building stronger and better than ever.
Written by Matthew Hall on September 23, 2016
It saves money, but it also means never getting to say you’re too busy.
Written by Matthew Hall on September 09, 2016
“The Dakota of Hell’s Kitchen” has decided to go it alone.
It’s not easy being rich in this town nowadays. Unit-owners at the luxury condominium tower Atelier on West 42nd Street have filed a $100 million lawsuit against the developer, the Moinian Group, claiming the company is preventing them from using the building’s pool and fitness center.
Company head Joseph Moinian called the claims “meritless,” The Real Deal reports.
However, the board of managers contends that after selling his sponsor units, Moinian retained ownership of the building’s common spaces. By way of adding insult to injury, Moinian not only blocked Atelier residents from using the building’s pool and gym, he made the facilities available to residents of his nearby rental building, Sky.
Built in 2007, Atelier – that’s French for studio – has 478 condo apartments. One, the 45th-floor penthouse, is currently on the market for $85 million. It comes with a $1 million yacht, two Rolls Royce Phantoms, and $2 million in credit to renovate the space – but no pool or gym access. Mid City Gym is just a few blocks away. They don’t have a pool, but they do offer tanning.
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
A free digital resource for co-op/condo board directors. Published twice a month. Read now on all digital devices.