75-wall-street

75 Wall's Troubles Continue to Mount

cityfile · 03/17/09 12:40PM

There's been a flurry of activity at 75 Wall Street lately. But not the good kind! Over the past few months, condo buyers have been filing suit to extricate themselves from contracts they signed during the boom times, demanding that developers return the down payments they put down when the apartments were worth 30 or 40 percent more than they're worth today. One of the buildings particularly under siege right now: 75 Wall, the David Rockwell-designed condo conversion that has adopted some of the most desperate tactics to drum up buyers in recent weeks. The building's developer, the Hakimian Organization, is now facing three separate suits from people now seeking an out, all filed by the New Jersey law firm of Wilentz, Goldman & Spitzer. Whether any of them end up getting their money back remains to be seen. In the meantime, you can look over the suits for yourself after the jump.