NYC Apartment Building The Atelier Sues Moinian Group

Friday, 31 Aug 2012 10:09 AM

The board of the NYC apartment building has sued the developer Moinian Group, and claims that the developer diverted funds for their new project, an adjacent luxury apartment building, according to the Real Deal.

The Atelier Board of managers also claimed that Moinian failed to get a permanent for certificate of occupancy and failed to replace a broken HVAC system, which caused the pool to be shut down and let water drain into the children’s playroom.

The Atelier located at 635 West 42nd Street is a luxury condo building and was one of the first luxury buildings occupying the area on 42nd street between the 11th and 12th avenues. Meanwhile a few other luxury towers have joined the spot mostly developed by the Moinian Group and Silverstein Properties.