A firestorm of litigation is brewing in San Francisco over a $350 million residential high rise building, called the Millennium Tower, which has sunk 16 inches and tilted 2 inches since it opened up in 2008. Last month, developers and nearby resident Transbay Joint Powers Authority (TJPA) took turns blaming each other for the issue and it appears that the fight has just begun. For some more background information on the building, you can check out our past article by clicking here.
San Francisco Business Times recently spoke with a representative of Millennium Partner, the developer of the Millennium Tower. Despite the TJPA’s claim that the foundation should have been driven down to bedrock, as the soils below the building are actually a bed of sand called the Colma Formation, the developer claims no fault in any issues surrounding their construction methods and procedures. The representative cited that many nearby buildings, like the Embarcadero Center and the SFMOMA, were also built in the same Colma Formation and the foundations were very similar. The representative also pointed out to the Business Times that both the City and County of San Fransisco approved the drawings as they were built and that the company received all appropriate permits. Just my personal opinion, but I highly doubt that the City or County would ever be held responsible for approving drawings with a design that didn’t work.
Since the report broke that the building has sunk and tilted, there have been reports that no more condos in the luxury high rise have been sold. It’s clear that there’s a lot at stake in this foundation failure, but, unfortunately for all involved, no resolution is near.
Full story: Millennium Tower just one of 'dozens' of SF highrises built on sand, spokesman says | San Francisco Business Time
In the midst of fierce discourse over the bipartisan infrastructure bill lies a unique opportunity for the United States.
Last summer, Hilti announced that they had developed their first exoskeleton designed for construction tradespeople in a partnership with Ottobuck, a prosthetics, orthotics, and exoskeleton provider. Earlier this month, Hilti officially released the exoskeleton, announced more details, and published its retail price on their website.
Cat Phones is known to make some pretty rugged smartphones, the kind of phone you don’t have to worry about on the jobsite – even without a case. Licensed by the construction equipment giant, Caterpillar, the phones are made by the UK-based Bullitt Group. The company recently announced the release of their new flagship smartphone model, the CAT S62 Pro.
The construction technology world has been no stranger to acquisitions and mergers in recent years, as many larger players are gobbling up startups and other specialty software to quickly grow their offerings and expand their value to their customers. The latest acquisition comes from a somewhat surprising source, however, as Stanley Black & Decker, the power tool and storage company, has acquired Buildup, a task management, punch list, and inspection software company.
Father’s Day 2021 is June 20, so you better get started on gift ideas if you want to impress dad this year. Whether your father is contractor, handyman, or DIYer, we’ve got a lot of great ideas for him this year.
For more more gift ideas, be sure to check out our past Father's Day Gift Guides from 2016, 2017, 2018, and 2019 or our Ultimate Construction Holiday Gift Guides from 2015, 2016, 2017, 2018, 2019, and 2020
Procore, the construction management software company, has been rumored to be interested in filing for an IPO since at least 2019. In the Spring of 2020, Procore ended up delaying its plans to go public after it received $150million in funding and a valuation of around $5 million, citing interest in raising more money amidst an uncertain economy during the heart of the coronavirus pandemic.
[guest post] It’s a morbid statistic, but the construction industry experiences more workplace deaths than any other. With so many potential hazards, heavy-duty machinery, and power tools, it’s perhaps not surprising that serious accidents are relatively commonplace.
It’s that time again to begin Construction Junkie’s annual search for the best construction podcast! Now in our 7th year of the competition, we’re noticing a considerable increase in construction-related podcasts from every sector.
Each year, Procore – the maker of the construction management software of the same name – hosts their annual construction technology conference, Groundbreak. As part of the festivities, the company is looking to celebrate the most groundbreaking companies, people, and projects in the construction industry and they need your help.