Multimillion-Dollar Assessment in Chelsea ... To Fix Shoddy Construction?

May 27, 2014 — A Chelsea condominium designed by world-renowned architect Jean Nouvel is facing blowback from residents over a whopping $8 million assessment — put in place, they say, to make up for shoddy workmanship. The New York Post is reporting that at least one resident of 100 11th Avenue has since put her unit on the market, and that one 65-year-old retiree has been socked with a $120,000 bill. Nouvel, for his part, has criticized developer Cape Advisors, which controls the board, saying in 2010 that the firm went "off course" because it wanted to "complete the building as inexpensively as possible."