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June 2, 2010

A luxury developer in New York City is being sued for $1.5m US, because the luxury condo they built in Battery Park City is not green enough!

According to the Wall Street Journal:

“The owners of a luxury condominium in Battery Park City are suing for $1.5 million in damages because they say the eco-friendly building isn’t green enough.

The Riverhouse One Rockefeller Park was “marketed as being at the cutting edge of ‘green’ technology,” according to a complaint filed in New York State Supreme Court, but the owners of one apartment allege fraud and breach of contract by its developers.

Among other claims, they say their apartment’s air-infiltration system and heating unit weren’t up to promised standards.”

Could this be a claim in Canada to get out of an Agreement of Purchase and Sale?

On a side note, Leonardo DiCaprio and Tyra Banks purchased in this building.

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