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OT: NYC Skyscraper facing imminent collapse

DJ Spanky

DJ Spanky

Heisman
Jul 25, 2001
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Just heard about this, skyscraper at E42nd & 2nd Avenue has structural support beams which are buckling up on the 21st and 22nd floors.

Midtown Manhattan buildings evacuated after beams found buckling at high-rise construction site

Used to be Pfizer HQ but is being converted to residential housing.

 
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24Babybull

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Oct 15, 2006
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Who cut the wrong Beam?

Seriously every heard on One Seaport Tower?

One Seaport Tower, located at 161 Maiden Lane in Lower Manhattan, is an unfinished, abandoned 60-story luxury condominium skyscraper widely known as the "Leaning Tower of New York". Intended to yield 80 high-end waterfront residences, construction permanently halted in 2020 after critical foundation errors caused the 670-foot building to tilt 3 inches to the north.

The tower is completely stalled, locked in a web of more than two dozen lawsuits, foreclosure proceedings, and bankruptcies between the developer (Fortis Property Group) and contractors. While structural engineers state that the shell is not at risk of an imminent collapse, it has been deemed commercially and legally unfixable. Remediation estimates run between $80 million and $150 million. Lenders have entirely frozen construction funds, buyers have long since rescinded their contracts, and no broker can market a leaning tower at luxury prices.
 

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A

AreYouNUTS

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Aug 1, 2001
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I worked around the corner for a few years and the building was part of my territory. Def was inside multiple times!
 
RUnTeX

RUnTeX

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Dec 21, 2001
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DJ Spanky said:
Just heard about this, skyscraper at E42nd & 2nd Avenue has structural support beams which are buckling up on the 21st and 22nd floors.

Midtown Manhattan buildings evacuated after beams found buckling at high-rise construction site

Used to be Pfizer HQ but is being converted to residential housing.

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Retrofitting of failed load-bearing columns was potentially not in the scope of the building renovation/conversion (unless something in the structural due diligence review or property condition assessment during acquisition raised this as a concern). Inevitable budget overrun forthcoming and/or a substantial drawdown or exhausting of the project contingency.
 
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patk89

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RUnTeX said:
Retrofitting of failed load-bearing columns was potentially not in the scope of the building renovation/conversion (unless something in the structural due diligence review or property condition assessment during acquisition raised this as a concern). Inevitable budget overrun forthcoming and/or a substantial drawdown or exhausting of the project contingency.
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Have to imagine massive delays, several years, before this gets the go ahead. Time is money so cost overruns will make this a loser for the investors.
 
DJ Spanky

DJ Spanky

Heisman
Jul 25, 2001
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The latest:

NYC building at risk of collapse is 'stable,' more evacuations lifted

Ahmed Tigani, commissioner of the New York City Department of Buildings, told reporters late July 7 that jacks were in place to stabilize the weak points and new steel was being installed to create additional stability. He said that officials had not seen any movement after hours of monitoring inside and outside the building.

“I can say right now the building is stable. It has not moved since we started monitoring it earlier today,” Tigani said. “And we feel confident in the emergency plan we have now.”
Click to expand...
 
iReC89

iReC89

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Jul 2, 2014
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29PAS said:
The developer said this is “a typical construction mishap”. Really???
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understatement award candidate right there, along with the risk being stated as only for a local collapse, not entire building collapse. The problem is the "local collapse" is about 21 stories up, with another 11+ floors above it sagging.

There are a bunch of people working on site that are not getting paid enough.
 
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MADHAT1

MADHAT1

Heisman
Apr 1, 2003
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All this means : if any of you are thinking about moving to the City, I know a place that you'll find a great deal
on a luxury apartment.
If you act quickly 😃
 
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