Town New Development is suing entities tied to New Empire Real Estate Development, claiming Bentley Zhao’s firm stiffed the brokerage out of $210,000 in consulting fees and a $2.2 million termination fee. The breach-of-contract suit, filed Thursday, is connected to Town’s work on 131 East 47th Street, where New Empire is planning a 122-unit condominium tower. According to court documents, Town is seeking money owed plus $5.45 million in damages. Town’s 2016 sales exclusive with […]
source https://therealdeal.com/2018/07/20/town-sues-entities-tied-to-new-empire-over-unpaid-fees-at-turtle-bay-condo/
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