UPDATED: Feb. 9, 2:35 p.m.: Trouble in Margaritaville? The furious buyer suing Harry Macklowe over a “catastrophic flood” at 432 Park Avenue is none other than tequila heir Juan Beckmann Vidal.
Vidal, whose family founded Jose Cuervo in Mexico over 250 years ago, went into contract on the $46.25 million pad in 2013, sources told the New York Post. Worth an estimated $2.4 billion, he is suing Macklowe Properties and CIM Group to recoup an $11.56 million deposit on the property, which he did not close on.
In the suit, Vidal, whose fortune is estimated at $2.4 billion, described a “catastrophic water flood,” as The Real Deal first reported. The water saturated “multiple layers of insulation and sheetrock, penetrating the walls and internal support beams and electrical wires, and infiltrating the marble and wood flooring throughout.”
Last month, Saudi investor Hamza Al Kholi sued Macklowe alleging he was cheated out of a 2 percent stake in the sale of the tower’s retail space. [NYP] — E.B. Solomont