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Firm behind San Francisco's notorious sinking tower ordered to compensate residents
Source: The Guardian
Firm behind San Francisco's notorious sinking tower ordered to compensate residents
The 58-story structure has sunk and tilted 18 inches toward the north-west since it was built in 2008
Vivian Ho in San Francisco
Thu 29 Aug 2019 23.21 BST Last modified on Thu 29 Aug 2019 23.23 BST
A tentative settlement has been reached over San Francisco’s most notorious luxury high-rise – the sinking and tilting Millennium Tower.
The deal marks the beginning of the end of a complicated legal battle between homeowners, the building’s developer and a neighboring construction project over the 58-story structure, which has sunk and tilted 18 inches toward the north-west since it was built in 2008, drawing comparisons to the Leaning Tower of Pisa.
“This litigation exposed a lot of problems in the development of this particular building,” said Niall McCarthy, an attorney representing a group of homeowners. “It will be a roadmap for other downtown developments for what to avoid. This is a one of a kind situation we won’t ever see again in San Francisco.”
Details of the settlement remained under wraps as they were reached during confidential mediation, but it would require Millennium Partners and Transbay Joint Powers Authority (TJPA) to pay for the $100m plan to fix the building. The settlement would also require the defendants pay every homeowner in the building for their estimated losses caused by the notoriety, McCarthy said, but it is unknown how much each resident will receive.
-snip-
The 58-story structure has sunk and tilted 18 inches toward the north-west since it was built in 2008
Vivian Ho in San Francisco
Thu 29 Aug 2019 23.21 BST Last modified on Thu 29 Aug 2019 23.23 BST
A tentative settlement has been reached over San Francisco’s most notorious luxury high-rise – the sinking and tilting Millennium Tower.
The deal marks the beginning of the end of a complicated legal battle between homeowners, the building’s developer and a neighboring construction project over the 58-story structure, which has sunk and tilted 18 inches toward the north-west since it was built in 2008, drawing comparisons to the Leaning Tower of Pisa.
“This litigation exposed a lot of problems in the development of this particular building,” said Niall McCarthy, an attorney representing a group of homeowners. “It will be a roadmap for other downtown developments for what to avoid. This is a one of a kind situation we won’t ever see again in San Francisco.”
Details of the settlement remained under wraps as they were reached during confidential mediation, but it would require Millennium Partners and Transbay Joint Powers Authority (TJPA) to pay for the $100m plan to fix the building. The settlement would also require the defendants pay every homeowner in the building for their estimated losses caused by the notoriety, McCarthy said, but it is unknown how much each resident will receive.
-snip-
Read more: https://www.theguardian.com/us-news/2019/aug/29/millennium-tower-san-francisco-settlement-leaning
