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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSF's sinking Millennium Tower work was halted 'months' too late, expert says /problems selling units
The troubles at the Millennium Tower, which is currently leaning at a tilt of approximately 22 inches toward its northwest corner, has provoked damning criticism from an expert.
Work on the "perimeter pile upgrade" fix was halted on Aug. 23 after reports showed that the construction was making the sinking worse. The tower sunk another inch in just a few weeks in the early summer.
A chart obtained by KPIX reportedly now shows that this accelerated sinking started as early as mid-May, though work was not halted until over three months later.
Geotechnical engineer Robert Pyke told the outlet this week that the work should have been stopped months earlier. Certainly by the end of June, it was obvious that there was additional settlement as a result of installing the casings and the piles, Pyke noted.
"Any responsible engineer should have called a halt," he added, stating that he believes the continuation of construction for two more months caused more damage.
https://www.sfgate.com/local/article/sinking-millennium-tower-fix-too-late-16517457.php
"The HOA has always made clear that although the voluntary upgrade was not required, it is interested in restoring the buildings reputation, damaged primarily by erroneous media reports," Hamburger said.
This reputation may also be affecting the value of the condos in the luxury high-rise. KPIX reported that 13 listings in the tower either expired or were taken off the market this year.
msongs
(67,441 posts)TexasTowelie
(112,417 posts)The building already has a poor reputation so they will have to offer reduced rents compared to what they believed when the construction loans were obtained. The building could be foreclosed upon.
No matter who the owner is, at some point the cost of rehabilitating the tower will exceed what they can make up in rental occupancy down the road. With the price of construction escalating throughout the country while rental income is falling, it does seem like a prudent move to accept the losses, cut the strings, and move forward.
Meanwhile, having worked in insurance, it makes me wonder whether if an insurance underwriter properly assessed the risk when they wrote that policy. I'm reasonably certain that whomever wrote that policy will object to the property be declared as uninhabitable. This is the type of case lawyers live for.
Demobrat
(8,990 posts)Its condos. If its torn down all the individual owners will lose their homes.
TexasTowelie
(112,417 posts)what if the tower collapses like the condo building in Miami, how many individual owners will lose their lives?
I'm sympathetic to the plight of the owners of the individual condo units who will lose their homes. Unfortunately the condo owners are in the weakest position of all the parties, but if their homes no longer become habitable because the city cuts off the utilities and other condemnation proceedings occur then they stand to lose their homes anyway. When they bought the condo units they probably thought that the units would appreciate in value in case they wanted to sell later and I suspect that most of them have taken a loss (on paper).
However, these owners could face a legion of attorneys and public officials if they refused to sell their property. I think that I would take any decent offer to avoid the potential headaches that may occur over the next few years such as construction, litigation, construction delays caused by litigation, etc.
Chainfire
(17,636 posts)This is a case where decisions should be left to engineers, not politicians or desperate home owners. If the engineers say that it is unsafe, bring it down.
Demobrat
(8,990 posts)I dont want to see it collapse in the next earthquake.
CountAllVotes
(20,878 posts)and you are finished San Francisco, I barely knew ye
Bunch of damned idiots that built this monstrosity!
You should not build on a bunch landfill of ships, shanghaied dead folks and junk!
Demobrat
(8,990 posts)The building is sinking and tilting. My friend was a concierge there. She said you have to step down into the lobby when you come in off the street. I doubt if it was designed that way.
CountAllVotes
(20,878 posts)DFW
(54,436 posts)I wouldn't want to be the building's neighbor, much less occupant.
Klaralven
(7,510 posts)https://en.wikipedia.org/wiki/Millennium_Tower_(San_Francisco)
Blues Heron
(5,940 posts)is 22 inches the lateral displacement at the top? or is one corner of the building 22 inches lower?