Updated at 12:40 pm on July 1, 2022: Habad Rubavic wishes to resolve the plight on the Upper West Side. Now it puts its trust in the judicial system.
David Slager’s PEY Realty, an organization founded for religious groups, has sued developer LLC. Sackman Enterprise Overcoming delivery delays for condo units that PEY agreed to buy five years ago, PincusCo report.. Habad’s arm demands a down payment and monetary damages.
According to that ComplaintsIn 2017, Chabad’s entity signed an agreement to purchase a condominium unit for a community facility at Sackman’s 15-19 West 96th Street development for approximately $ 30 million. This space will be used for religious, educational and community activities.
Chabad Lubavitch of West Side claims that Sackman, headquartered in West 73rd Street, isn’t nearing completion of the project and isn’t fulfilling his promise. The proceedings allege that the developers have just broke through the building recently, which means that the top beams have been installed.
Chabad’s entity, PEY Realty, first brought this issue into a three-day arbitration. The arbitrator ruled that PEY should recoup the down payment and $ 800,000 in damages.
However, according to the proceedings, Sackman did not hand over the penny. Sackman’s LLC lawyer for the project, Andrew CrowSaid Genuine We have the right to appeal the arbitral award and are considering doing so.
2014, Sackman Submitted plan According to Housing and Architecture Bureau records, this is a 22-story building on the grounds between Columbus Avenue and Central Park West. Sackman initially bought the site for $ 3.8 million in 2007, and after buying an adjacent property for $ 3.5 million, he planned a 13-story building.
The revised plan required a building with 45,000 square feet of residential and 14,000 square feet of commercial space, including a 16-story apartment from the 7th floor to the top floor.
Earlier this year New York Yimby reported The construction was underway. The sign on the site said the project would be completed next spring.
This article has been updated with a response from the developer’s lawyer.
[PincusCo] — Holden Walter-Warner