As most every New Yorker can now eerily recall, just as Hurricane Sandy was bearing down on the city, the crane atop One57 snapped back, nearly crashing to the street. The boom wound up holding throughout the 100-mile-per-hour winds, the incident resulted in the evacuation of hundreds of residents, businesses and hotels, most of whom could not return for more than a week.
We’ve already heard from an angry public relations executive who believes Extell should reimburse the city for the cost of monitoring the accident and evacuating the streets. Now comes the first of what may well be many lawsuits over the crane crisis at the billionaire-beloved building. Read More