#THE DOWN SIDE SUPERTALL TOWER CREAKS CRACKED#

Oh, we need to raise the charges to residents because it's falling apart.' Read the line from the CIM Group earlier, then read this one. So it's not yours yet, it's still under construction, and you're surprised? You also had to, * gasp *, ride in a freight elevator? I can only assume that pearls were clutched!Īnnual common charges jumped nearly 40 percent in 2019, according to management emails that cited rising insurance premiums and repairs, among other costs. “That’s how I went up to my hoity-toity apartment before closing.” “They put me in a freight elevator surrounded by steel plates and plywood, with a hard-hat operator,” she said. She was disappointed with her purchase on day one, she said, when she left her home in London in early 2016 to move into what she expected to be a completed apartment, and found that both her unit and the building were still under construction. Translated: 'Passed building codes by greasing palms, it's built and hasn't fallen over, and these people bought it so that counts as success.' Where did I put my tiny violin.ĬIM Group, one of the developers, said in a statement that the building “is a successfully designed, constructed and virtually sold-out project,”

#THE DOWN SIDE SUPERTALL TOWER CREAKS CRACKED#

Millionaires (and billionaires hidden behind shell companies) discover that being an alpha tester isn't all it's cracked up to be. Raising concerns that some of the construction methods and materials used have not lived up to the engineering breakthroughs that only recently enabled 1,000-foot-high trophy apartments. Six years later, residents of are now at odds with the developers, and each other, making clear that even multimillion-dollar price tags do not guarantee problem-free living. Engineers privy to some of the disputes say many of the same issues are occurring quietly in other new towers. Less than a decade after a spate of record-breaking condo towers reached new heights in New York, the first reports of defects and complaints are beginning to emerge, raising concerns that some of the construction methods and materials used have not lived up to the engineering breakthroughs that only recently enabled 1,000-foot-high trophy apartments. The claims include millions of dollars of water damage from plumbing and mechanical issues frequent elevator malfunctions and walls that creak like the galley of a ship - all of which may be connected to the building’s main selling point: its immense height, according to homeowners, engineers and documents obtained by The New York Times.

The down side supertall tower creaks