432 Park, one of the wealthiest addresses in the world, faces some significant. Jennifer Lopez and Alex Rodriguez bought a 4,000-square-foot apartment there for $15.3 million in 2018, and sold about a year later. The Down Side To Life In A Supertall Tower: Leaks, Creaks, Breaks - Digg. The 96th floor penthouse at the top of the building sold in 2016 for nearly $88 million to a company representing the Saudi retail magnate Fawaz Alhokair. The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks 432 Park, one of the wealthiest addresses in the world, faces some significant design problems, and other luxury high-rises may. The building, a slender tower that critics have likened to a middle finger because of its contentious height, is mostly sold out, with a projected value of $3.1 billion. The disputes at 432 Park also highlight a rarely seen view of New York's so-called Billionaire's Row, a stretch of supertall towers near Central Park that redefined the city skyline, and where the identities of virtually all the buyers were concealed by shell companies. Engineers privy to some of the disputes say many of the same issues are occurring quietly in other new towers. The nearly 1,400-foot tower at 432 Park Avenue, briefly the tallest residential building in. The 96th floor penthouse at the top of the building sold in 2016 for nearly 88 million to a company representing the Saudi retail magnate Fawaz Alhokair. Less than a decade after a spate of record-breaking condo towers reached new heights in New York, the first reports of defects and complaints are beginning to emerge, raising concerns that some of the construction methods and materials used have not lived up to the engineering breakthroughs that only recently enabled 1,000-foot-high trophy apartments. The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks. The building, a slender tower that critics have likened to a middle finger because of its contentious height, is mostly sold out, with a projected value of 3.1 billion. The claims include millions of dollars of water damage from plumbing and mechanical issues frequent elevator malfunctions and walls that creak like the galley of a ship - all of which may be connected to the building's main selling point: its immense height, according to homeowners, engineers and documents obtained by The New York Times. The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks 432 Park, one of the wealthiest addresses in the world, faces some significant design problems, and other luxury high-rises may share its fate. 432 Park, one of the wealthiest addresses in the world, faces some significant design. Six years later, residents of the exclusive tower are now at odds with the developers, and each other, making clear that even multimillion-dollar price tags do not guarantee problem-free living. The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks. When the building opened in late 2015, homeowners were required to spend 1,200 a year. I laughed out loud at the part where they explain they got around the height limits by just building certain floors with ridiculously tall ceilings.

New York's luxury condo boom half a decade ago, fueled largely by foreign buyers seeking discretion and big returns. The Down Side to Life in a Supertall Tower: Leaks, Creaks, Breaks.

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