In 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 moreUPDATE: Sinking San Francisco Tower “Safe to Occupy,” Per Building Inspector
The saga continues in one of the biggest construction stories of 2016, the sinking and tilting Millennium Tower of San Francisco. When we last updated readers in December, satellite images from the European Space Agency had not only confirmed that the tower has sunken considerably, but that it also hasn’t stopped sinking yet. Meanwhile, residents living in the tower are worried about their safety and the value of their homes.
Read moreImages From Space Show San Fran Tower Sinking Faster Than Expected
Photo: 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 more