The board of managers of the Lenox condo building at 360 Lenox Avenue in Upper Manhattan is suing the former sponsor, an entity controlled by Lewis Futterman’s Uptown Partners, over claims that the property is riddled with building code violations and rife with construction defects.
The suit was filed Dec. 31 in New York State Supreme Court. Per the filing, the developer failed to provide residents who bought off floor plans in 2006 with units that met the guidelines of the original offering plan. Unit owners have spent up to $260,000 for repairs. An additional $4 million is required. The board is seeking a judgment against the sponsor for damages for fraud and breach of contract.
The 77-unit, 12-story building launched sales in 2006. The sponsors filed for bankruptcy protection in 2009. Sales relaunched when the sponsor came to a deal with its lender in 2011.
Futterman also developed 5 on the Park Condominium.
via Lenox Condominium | Uptown Partners | Lewis Futterman.
Posted in 5th on the Park, HarlemCondoLife, Real Estate, The Lenox
Tagged 5 on the Park, @HarlemHCL, Harlem, Harlem Condo Life, HarlemCondoLife.com, lenix condominium, lwi futterman, uptown partners, your gateway to harlem
Pre snowstorm we took these photos of the Gas Station lot on 110th Street and Frederick Douglass Boulevard showing that it is now completely fenced off, boarded up and waiting for construction to begin.
There seems to be a variety of articles about what the development will be (rentals, condos, both), what it will include (affordable units, how many, community space, etc), and so on. See our previous posts for the backstory here.
It would seem that this lot – which represents the last real estate property left along Central Park (West, South, East and North), will more likely be a new construction condominium complex. A reliable professional source to HarlemCondoLIfe in real estate who is always ahead of the curve on many stories, agrees with this assessment. There are several recent precedents for this configuration. For example Fifth On the Park on 120th Street and 5th Avenue along Marcus Garvey Park includes condominiums, affordable rentals and a community church.
Stay tuned for more on this property in our Harlem Real Estate section.
Posted in 5th on the Park, Architecture, business, Community, HarlemCondoLife, New York City, Real Estate
Tagged 110th Street, @HarlemHCL, Apartments, Central Park North, Condominiums, Frederick Douglass Boulevard, Harlem, Harlem Condo Life, Harlem Real Estate, harlem restaurant row, HarlemBlogger, HarlemCondoLife.com, HCL, New Business in Harlem, New Construction, New York Real Estate, rentals, your gateway to harlem
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5th on the Park (Photo credit: joseph a)
|Fifth on the Park is on 5th Avenue and 120th Street in Harlem adjacent to historic Mount Morris Park and walking distance transportation, services, top restaurants and hot spots. It is a 28 story condominium tower featuring a 24hr attended 40’ high art-filled atrium lobby, state of the art gym, heated lap pool with adjacent sun deck, community room with catering kitchen, free wi-fi and adjacent sun/dining deck with gas grills, state of the art gym, playroom, attended parking and much more. Apartments feature luxury appointments with unsurpasssed views. 421A tax abatement and immediate occupancy.
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