Home to some of the city's most famous athletes and industry chiefs, the Millennium Tower could soon be home to a protracted and expensive legal battle.
"The Millennium Tower, a leading symbol of San Francisco’s new high-rise and high-end living, is sinking — setting the stage for what could be one of the most contentious and costly real estate legal battles the city has ever seen," according to an article by Matier & Ross for the San Francisco Chronicle.
Specifically, "since its completion in 2008, the 58-story building has sunk 16 inches" and "two inches to the northwest." The building is located across the street from the Transbay Transit Center and the site of the new Salesforce Tower. Condominiums in the building go from $2 million to $10 million.
According to the article, the Millennium Tower's homeowners association is gearing up for a likely legal battle, hiring engineering consultants and considering legal options. The homeowners association, "cited any number of parties that could be held 'legally accountable' — including the developer, the high-rise’s designers, the contractors and the Transbay Joint Powers Authority, which is run by San Francisco, AC Transit, Caltrans and the agency that operates Caltrain," according to Matier & Ross.
FULL STORY: SF’s landmark tower for rich and famous is sinking and tilting
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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