JDS Development’s Michael Stern and 111 West 57th Street (JDS)
Fool me once, shame on you; fool me twice, you’re fired and see you in court.
That’s the approach JDS Development is taking toward a contractor once employed at 111 West 57th Street, its luxury residential skyscraper on Billionaires’ Row.
In a lawsuit filed last week in New York State Supreme Court, the developer claims contractor Copper II failed to properly install the HVAC system at Steinway Tower, blowing deadlines and causing water damage on 10 floors.
The developer is also suing the contractor’s insurer, Talisman Casualty, over $11.7 million in damage claims, and wants the court to invalidate $6.9 million of what it calls “willfully exaggerated” liens brought by Copper.