How many people have much of their finances invested in a probably useless home there? Hard to see how this works out to anything other than a tear down.
You could knock 50% off and the units would still be multimillion condos.
Unit #502 is asking $3.8 million in 2016. It is San Francisco's most expensive one bedroom home. 27E is $2.3 million. Unit 34# is $2.59 million. The penthouse asking price was $37.5 million.
So, Mr Moneybags, you can just pull out your credit card and buy the $37.5 million penthouse at a 50% discount for a total of $18 million? Must be nice to be you.
given that Salesforce tower is diagonally adjacent to the millennium tower, and is located in a dense urban core, it seems impossibly expensive to take it down safely, given the risk taking it down would also pose
There's a coverup by both the city and real estate agents (most will not go on the record about the bldg), hence little news. You can find a few Youtube videos.
Last time I checked, owners still live there. Some units are for rent for a negotiable discount.
Because of liquefaction, I wouldn't live there. An earthquake around 7.5 could shake for a few minutes, and it's built on landfill.
"Work calls for transferring a portion of the building’s weight to bedrock from its existing foundation system. The fix, likened to putting a bumper jack next to a flat tire, relies on drilling and jacking 52 concrete piles—socketed more than 30 ft into the bedrock that starts 220 ft below grade—under the north and west sidewalks. Piles would support a new mat section, known as a collar, tied into the existing mat." - The fix they've halted.
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[ 5.6 ms ] story [ 43.9 ms ] threadI wouldn't live there, unless there was a nice fat discount.
Is tearing the thing down an option? I haven't seen it discussed anywhere.
You could knock 50% off and the units would still be multimillion condos.
Unit #502 is asking $3.8 million in 2016. It is San Francisco's most expensive one bedroom home. 27E is $2.3 million. Unit 34# is $2.59 million. The penthouse asking price was $37.5 million.
So, Mr Moneybags, you can just pull out your credit card and buy the $37.5 million penthouse at a 50% discount for a total of $18 million? Must be nice to be you.
I witnessed the duration of this deconstruction, as well as the erection of its replacement:
https://en.wikipedia.org/wiki/One_Meridian_Plaza#Deconstruct...
Both processes were fascinating
Last time I checked, owners still live there. Some units are for rent for a negotiable discount.
Because of liquefaction, I wouldn't live there. An earthquake around 7.5 could shake for a few minutes, and it's built on landfill.
https://www.enr.com/ext/resources/Issues/National_Issues/201...
https://www.enr.com/articles/50287-foundation-fix-to-start-n...