Thursday 26 December 2019

Prada gives landlord Jeff Sutton a lawsuit for Christmas

Six years ago, Jeff Sutton warned Prada that he intended to renovate the building that houses the luxury fashion giant’s flagship, 724 Fifth Avenue. The parties struck a deal, according to a lawsuit Prada filed on Christmas Eve in Manhattan: Prada would temporarily leave — with a year’s notice from Sutton’s Wharton Properties — while the landlord undertook the work. Sutton also was to pay Prada $5 million and post a $25 million line of



source https://therealdeal.com/2019/12/26/prada-gives-landlord-jeff-sutton-a-lawsuit-for-christmas/

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