Millennium Tower pictured far right
In 2016, it was discovered that San Francisco’s Millennium Tower, a $350 million, 58-story luxury condo was sinking and tilting. From the most recent count, the tower had sunk 18 inches and leaned 4 inches – doesn’t sound like luxury to me. After several rounds of fix designs, lawsuits, and cracked windows, it is believed that the fixes will begin this fall.
Read moreA little over 3 years ago, reports surfaced that San Francisco’s luxury high rise, the Millennium Tower, has been consistently sinking and tilting since it was completed in 2009. Lawsuits have been underway for years involving dozens of lawyers from many different parties, but an expert panel has just approved a $100 million plan to keep the building from sinking and tilting any further.
Read moreIn August of 2016, it was discovered that a luxury high rise condominium complex in San Francisco, which houses several celebrities, was sinking and leaning considerably. The 58-story Millennium Tower contains home that range in value of anywhere from $1.6 million to $10 million. Since the discovery, fingers have been pointed in all directions and several lawsuits have been filed.
Read morePhoto: ESA SEOM INSARAP study / PPO.labs / Norut / NGU. Red dots show areas that are sinking, green indicates no movement. The Millennium Tower is pictured in the center.
San Francisco’s luxury high-rise condo tower has received plenty of bad news recently and the building and its developers are entwined in plenty of lawsuits. Since the Millennium Tower’s grand opening in 2009, the building has sunk around 16 inches and is even tilting several inches to the northwest. This news has residents worried that their home is valueless and has fingers being pointed every which way. Recently released satellite images show that the situation may not be getting better, either.
Read moreMillenium Tower pictured on the far right
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.
Read moreThe Millennium Tower (far right)
Imagine buying a condo for millions of dollars only to find out that the building the surrounds it has sunk over a foot and has tilted 2 inches. You probably wouldn’t feel too good about your purchase, would you? The Leaning Tower of Pisa (or, as I thought it was called when I was 7, “The Leaning Tower of Pizza”) wasn’t supposed to lean either, but they were able to turn lemons into lemonade and make it into a gigantic tourist trap. That’s a luxury that I’m not sure the Millennium Tower in San Francisco has, unfortunately.
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