Wednesday, September 21, 2016

City issues subpoena over sinking San Francisco luxury high-rise

Reuters reports:
San Francisco's city attorney on Tuesday issued a subpoena to the developers of a luxury condominium high-rise that is tilting and has sunk more than a foot (30 cm), to determine if structural issues were appropriately conveyed to purchasers.

Some 400 residential units of the Millennium Tower, which opened in the heart of downtown in 2009, have been purchased, and City Attorney Dennis Herrera said he is worried the building's settling was not properly disclosed.

"I have serious concerns that the disclosures required by state law ... did not contain information about the settling of the Property," Herrera wrote in a letter to the developers, Millennium Partners.

P.J. Johnston, a spokesman for Millennium Partners, said by phone: "We would have made this information available to him irrespective of a subpoena, all he had to do was call."
Mistakes were made.