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Tag: Alleged

Faena House Association Sues Over Alleged Defects

Alan Faena, Len Blavatnik, Faena House (Credit: Faena House via Miami Herald)

Alan Faena, Len Blavatnik, Faena House (Credit: Faena House via Miami Herald)

The ultra-luxury Faena House condo, an oceanfront Miami Beach tower that is home to billionaires Ken Griffin, Lloyd Blankfein and others, has a big lawsuit on its hands.

The condo association is suing the developer, general contractor and subcontractors for a laundry list of alleged construction defects at the 17-story building, including a broken elevator in the penthouse, missing art, cracking in the concrete and chalky paint.

The 44-unit Faena House, at 3315 Collins Avenue, has made headlines since it was completed in 2015. Griffin, a hedge fund manager, paid the highest price for his units, two penthouses, for a combined $60 million that year. Kim Kardashian West and Kanye West toured the building, but ultimately decided against purchasing a unit. And recently, a majority of unit owners have banded together to oppose plans for a taller tower

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