Originally published at: Homeowners at San Francisco's leaning Millennium Tower stuck with $6.8 million bill for cost overruns | Boing Boing
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This update involved no words of reassurance from the Building’s structural engineer, the oft-referred Ronald Hamburger.
So this is a nothing burger?
The homeowners who don’t pay up could be facing a lein on their property.
Residence 20H at Millennium Tower, San Francisco’s premier 5-star residential building, offers luxurious amenities and stunning views. The condo features floor-to-ceiling windows, hardwood floors,… rent is $3600 for 1bd 1ba 666 (yikes) sq ft and that was the cheapest I could find in 2 minutes.
Which, in the long run, might not be as strong a threat as normal. I think it may be a long time before anyone is willing to purchase a property in that building.
Not a big deal; they already have a lean on their property.
This update involved no words of reassurance from the Building’s structural engineer, the oft-referred Ronald Hamburger.
Nothing needed to be said. It’s always “the developers are not at fault” with that guy.
This has been happening for so long, that I hope you’ll forgive me if I get any facts incorrect. Shouldn’t the construction general contractor have received permits based on plans? If the plan was approved, it occurs to me that the government(s) that gave the go-ahead are the responsible party and they should be the ones pursuing remediation.
They could be drinking some lean
It’s gonna fall over. Some time in the next decade, this thing is 100% going to fall over, because there is no competence on any side of the engineering debacle; it was probably doomed from the initial (crappy) foundation design & could never be saved.
I don’t know how it works in the US, but where i worked* the city only analyzed if the project was allowed in the current zoning and if it followed basic rules, like enough parking space, distances from the the edge of the lot (i’m not sure what is the term in english), etc.
All of the other rules were responsibility of the developer, as it is not even expected that the city has specialist to analyze everything on its payroll.
It also doesn’t cover the case where the developer misrepresent the facts or cut corners after having the original project approved.
*i was not working with buildings, but with electrical part of new subdivisions and our approval didn’t exempt the developers to get approval of the energy company to be able to connect it to the grid.
I get that they should no get responsible for it (and i also be mad), but that doesn’t seem as too much to save their apartments and money sunk on that (also not considering that this may not be the last repairs necessary).
From @fredtal data, it would mean around 2 months of rent only.
I’ll keep my $859 a month 3 bedroom 1.5 bath 1100 square feet house with attached 2 car garage in St Louis County thank you
Go to your room. You know what you did.
This thing really is the gift that keeps on giving.
Thanks for the math!
I would be delighted if my future foundation repair was only 2x my monthly mortgage payment.
So question for anyone… who owns the building? Does the developer or the condo owners/HOA people own the building? I don’t know how this works.
It’s time to deconstruct this pile of money.
that sinking feeling they’re all having is… about 18"