News has broke that one of the country's most luxe residential towers is sinking and tilting. The story is ongoing, so here's where you can find the most recent updates about one of the biggest stories in San Francisco real estate history.
UC Berkeley engineer who reviewed tower says "My interests went as far as the concrete." Below that, an additional outside expert was needed, but few buildings opt for soil analysis, even though it’s crucial to the foundation design.
Marking the most expensive condominium sale in San Francisco in more than five years, since the $28 million sale of bonkers the St. Regis penthouse, the penthouse inside the Millennium Tower sold this week for a cool $13 million.
On guard against constant criticism, company behind tilting tower says there's scores of high-profile buildings around the city have foundations just like theirs. The culprit is Transbay construction, Millennium Partners insists, not the tower.
Transbay development insists that it knew about Millennium Tower's sinking foundations before they even broke ground, and then warned Millennium Partners about what was happening. Building management remains unimpressed.
Those with the rotten luck to be selling condos (which are unlikely to be directly affected by the tower's decline) in the building face a tough choice: Cut the price, throw in the towel, or ignore the problems and say full speed ahead.
A week ago, the Chronicle’s Matier and Ross broke news that the sleek structure was sinking upward of 16 inches and tilting every-so-slightly northeast of the in-progress Salesforce Tower. Now the two are back to tell us that things are getting worse.
The ultimate challenge for San Francisco's luxury condo market: How do you sell seven-figure units in a building that's dipping into the earth? The Millennium Tower is not literally falling down, but sellers are presumably more motivated this week.
When news broke about Millennium Tower’s unprecedented sinking and tilting, due in part to the fact that the megastructure is not secured into bedrock, many people wondered: Who on earth doesn’t build into bedrock, especially in San Francisco?
On the heels of today’s jarring news that the tony Millennium Tower is both tilting and sinking, the Transbay Joint Powers Authority issued a strong, pointed statement denying any and all responsibility for "settlement."