A 58-story skyscraper in San Francisco is sinking — now the city is suing its developers
‘Every homeowner’s worst nightmare’ has sunken 16 inches and tilted 2 inches since the luxury apartment opened in 2009
The San Francisco City Attorney’s office put Millennium Tower in its crosshairs on November 3rd when it announced it’s suing the sinking skyscraper’s developers.
Millennium Tower, a residential skyscraper, rises 58 stories above San Francisco’s Financial District. Since the luxury condo building opened doors in 2009, the building has sunk 16 inches and tilted two inches.
The city attorney’s office alleges the group behind the tower, Millennium Partners, failed to disclose that it was sinking to buyers as early as 2009, NBC Bay Area’s Jax Van Derbeken and Jodi Hernandez reported. Millennium Tower contains some 400 multimillion-dollar condos.
The lawsuit is just the latest in a string of attempts to figure out what led to the development and sinking of the US$350 million residential high-rise. The city attorney’s office issued subpoenas to Millennium Partners in September in a hunt for answers.
While the building is not currently at risk of keeling over, residents are angry that their property values are plummeting. All told, the building could sink over 30 inches, according to CBS.
According to NBC Bay Area, “Under California law, owners, or developers are obligated to notify buyers of any problems or building defects and can be prosecuted under civil law for withholding the information,” The outlet talked to multiple tenants who said they received no notice.