Leaning Seaport Tower
Started by 30yrs_RE_20_in_REO
over 6 years ago
Posts: 9876
Member since: Mar 2009
Discussion about Seaport Residences at 161 Maiden Lane in Financial District
Tourist attraction!!!
I guess similar to the building in San Fran. I wonder how many owners that are in contract will back out..? (based on whats reported)
I wonder what Fred Eklund will do? If he backs out, since he's the sales agent, I think it's going to be tough for the developer to stop others from doing the same.
Now some news is slipping out about 80 South St - which will apparently entirely block all the views to the North from this building:
https://newyorkyimby.com/2019/04/exclusive-reveal-for-lower-manhattans-tallest-proposed-supertall-at-80-south-street.html
Also, with construction stalled this long, at some point the "drop dead" date where purchasers can rescind their contracts and receive a full refund will be triggered. Does anyone know when that is? Obviously they aren't starting closings any time soon.
https://newyorkyimby.com/2019/04/construction-halts-as-one-seaport-allegedly-begins-to-lean-at-161-maiden-lane-in-the-financial-district.html
https://therealdeal.com/2019/05/13/fortis-blames-pizzarotti-for-leaning-seaport-tower/
Gives me a flashback to when me and a group where going to buy this leaning 10 story building on west 17th or 18th around 15 years ago in flatiron. The price was so right at @ $4mm but just too many unknowns.
The real question is if it can be stabilized and stay the 3 inches lean to the north, its not a big deal. But that that they decided not to go with pilings into the bedrock and putzed around with the soil doesnt inspire any confidence for stabilization.
This project will blow up. Then someone will buy in on the chopping block, find a way to stabilize it and complete it. Units will then sell at Setai rates. :)
https://www.thecity.nyc/2023/05/16/stalled-condo-maiden-lane-fdny-hazard/