Thursday 25 July 2019

Lightstone gave its neighbors $7M to build a hotel. Then the neighbors secretly went to war, suit claims.

In 2015, the Lightstone Group paid $6.75 million to the people who run condominium next door in exchange for the development rights to build a new, 35-story Moxy Chelsea Hotel. But as the work progressed, the developers were hit with a series of inspections from the city’s Department of Buildings that delayed the project. Throughout the building’s construction and the first months of its operation, the inspectors looked into dozens of complaints — such as […]



source https://therealdeal.com/2019/07/25/lightstone-gave-its-neighbors-7m-to-build-a-hotel-then-the-neighbors-secretly-went-to-war-suit-claims/

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