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Arrested Development Blame Game!

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The developers of Tribeca's stalled 5 Franklin Place have sued Corcoran Sunshine, their marketing partner, for, well, check this out: "[Corcoran Sunshine Marketing Group] failed to apprise defendant during 2008 that the market for residential condominiums in New York City, such as those contemplated for the Project, was trending downward at a pace that should have counseled a reduction in the advertising, marketing and showroom expenses being incurred by defendant ? Instead, and knowing of the downward trend in the market, plaintiff actually encouraged defendant to increase, or at least maintain, its advertising, marketing and showroom expenses." [Real Deal]

5 franklin place

5 franklin place, New York, NY 10013