Abandoned - 1 Seaport (New York's Leaning Tower)

Manhattan is a densely populated metropolis, home to more than 1.6 million people and has one of the highest land values ​​in the world along with some of the most expensive residential real estate, so this would be the last place in the You'd think you'd find an

abandoned

building, a skyscraper no less, but that's exactly what New York City hides in plain sight on the south side of the financial district along the East River. Is this a 60-story ultra-luxury condo building that has, in fact, been

abandoned

since 2018? It began construction in 2015 almost a decade ago and has since seen multiple lawsuits over serious controversies and structural instability now with the massive Leaning Tower unfinished, so let's find out how this whole disaster came about and what will eventually happen to one.

Sports residence best known for its address 161 Maiden Lane. This episode of Abandoned is sponsored by Surf Shark. Enter coupon code BSF for 3 extra months free at Surf Shark. Debsfine industries of the time, although by the 1960s much of that industry had disappeared and other uses of the land were proposed; In fact, large-scale projects for the overall site were proposed over the years, such as early concepts for the World Trade Center complex. In addition to the Guggen High Museum, which was designed by Frank Gary, the area continued to develop over the decades after seeing the financial district grow and evolve along with the entire city.

Residential real estate within Manhattan skyrocketed and gave rise to Ultra luxury and Ultra. valuable condo projects 157 432 Park Avenue and Central Park Tower were some of the buildings that emerged in Midtown near Central Park, but others like 56 Leonard Street 50 United Nations Plaza along with 160 Leroy Street were in the works and showed that this real estate luxury sell elsewhere in the city 161 Maiden Lane was a prime site for such a development, it was a relatively small parking lot in the

seaport

area along the East River, it abutted South Street, giving it the buildable position closest to the river as possible, the 250,000 The site would change hands several times, first with Blue Rock Properties and then K Developments, who actually unveiled a

tower

for the lot called Seaborn.

However, their 175-unit luxury condo building would ultimately fail and they would also sell the land in 2013 for $65 million. The developers who purchased the site were called Fortis Property Group and would eventually sell the western half of their land to another developer who would then build a commercial and hotel building. Meanwhile, Fortes set about developing the remaining 11,000-foot tract of land they revealed in a sea. It carries a 670-ton high

tower

made up of almost 60 floors each with luxury finishes and floor-to-ceiling windows. It was touted as the first all-glass condo building in the area with unique picturesque views, but that also meant the value would be high with the price of square footage in the future. between 2,000 and $3,000 per square foot and since most of the tower would only contain one or two units per floor, the entire building would have only 80 units, the average listing price would be around $3.5 million and the license plates With the highest full-floor apartments reaching more than $7 million and with that upper two-story Penthouse listed for $8 million for these very exclusive owners, the tower would also have a large amenity floor complete with an indoor pool and retail owners in The ground floor would even have access to reserve a complimentary yacht.

At three times a week, Fortress expected that a full mobilization would raise around $272 million and in 2016 the building was already 50% sold, which was a good sign for the developers, construction of the tower was already underway at the time with its general contractor Impreza. Peera claimed they could have the building completed and ready for occupancy by 2018, but then some problems began to arise during vertical construction until 2017, the New York Department of Buildings issued 10 citations to the contractor for various safety issues. These problems were amplified after a 44-year-old worker fell nearly 30 stories to his death after falling from a scaffold.

It was a tragic death of an Ecuadorian immigrant who was not even supposed to be working that day and this tragedy showed that there were major problems going on with the site. Pisera eventually pleaded guilty to involuntary manslaughter, but they were only given $10,000 and no one was sentenced to prison. at that moment. It was September 2018 and the now renamed Seaport Residences were finishing up. The final floors were now poured and the concrete roof was in place. but problems persisted as the Department halted construction twice within a two-day period due to the network being installed incorrectly. Another stop-construction order came later that year when a bucket of concrete hit the side of the building sending concrete all over the street 350 feet below regardless.

Following these stoppages, work was continuing with the glass and exterior cladding on the lower levels being moved into place and the Slender Tower was slowly taking shape with the building's superstructure now completed in early 2019 and the large crane attached to it was eventually removed. From there, the rest of the glass was scheduled to be installed along with the interiors, but that never happened. Instead, progress with the sport's residents slowed down and no one knew why, so rumors began to emerge as to why that might be the case and speculation grew that there might be something wrong with the massive Tower, perhaps it was even

leaning

. .

This was especially curious since Fores had apparently fired his contractor. This speculation would finally be confirmed in April 2019, as that contractor Impreza Peera filed a lawsuit against the developers claiming that Foress had essentially cheapened itself on building the foundation with claims that instead of using traditional deep piles like most Skyscrapers, especially tall, thin ones, instead chemically treated the ground to make it stronger, in their case this apparently caused the building to sit unevenly on its foundation and lean. 3 to the north, they stated that from this point they could not continue cladding the building, saying the Leaning Tower could be at risk of elevator problems, leaks and infrastructure headaches.

Fortis, the developers decided to counter the lawsuit by saying it was simply defamation and In fact, Pisara were to blame as they had already cultivated a dangerous work environment, did not conduct enough testing and did not notice that the building was

leaning

until April 2018, While this lawsuit was going on in court, the Fores hired a new contractor called Ray Builders and they conducted studies that showed the tower was still safe. They also came out and said that Pisera poured the concrete slabs for the building in a poor construction practice. This new contractor was assigned the task of continuing to place the glass around the tower. only with a few modifications to the plan that would accommodate the slight tilt, but just when it looked like this cursed building might finally be finished, Rayb's builders abruptly pulled all of their workers and quit after claiming that Fortis couldn't make payroll. their workers.

It had apparently run out of liquid cash and that was evident after one of its lenders, Bank Lum, claimed that Fores was not making payments on its loan and that the bank would now attempt to foreclose on the property and unload its $120 million position. on the condo building and the The lawsuits did not stop there, as Foress was now involved in another lawsuit from another lender who alleged that his $66 million loan from 2018 was misused, as Point for's Property Group has been seen involved in lawsuits with no end in sight, this has gone on indefinitely. halted developments and almost no progress has been made on the tower since 2018.

At this point, almost all of the original condo buyers pulled out of the deal and that left an empty half-finished luxury condo tower completely abandoned in one of the densest cities in the world at this point the tower has been completely exposed to the elements for almost half a decade and that reality is starting to show on the lower floors the glass panels are clearly starting the show Decay probably haven't been cleaned With the As the years pass, mold and weathering are starting to form around the edges of each panel, the concrete is also starting to see scars from the weather, and, almost unbelievably, on the upper floors, someone has managed to spray paint graffiti on the concrete super structure, perhaps the most obvious sign. that this nearly $300 million skyscraper is dead at street level, well, the site really looks like any other construction project in New York, seemingly with no signs of the deep problems and long-lasting limbo it's been in, There are not many signs of life.

Apart from a lone fan on top of a folding chair and a screen with CCTV monitors, there is some activity outside during the day, but it's obviously nowhere near what it would be if the tower were being prepared for completion. . When night falls, the tower is really illuminated. almost disturbingly, but from this moment on, what is going to happen to the tower? According to the developers, the building is structurally safe with one citation, an alignment issue, but there has been no word on whether and how they intend to fix the lean. To be done and this story may sound somewhat familiar as another condo tower in San Francisco called Millennium Tower has also encountered a similar problem with its own tilt of almost 30 unlike 161 Maiden, the Millennium tower has been occupied for years and actually There is no other option but to fix the Tower and the results so far adding shoring to help write the tower have not been conclusively successful yet and is proving to be extremely complicated and will probably cost over $100 million, but the thing is that it really doesn't we know.

I know how bad the situation is with a sport and no comprehensive and detailed studies have been released about it, but I think that no matter what happens here, it will probably end up being an economically devastating situation. You could see it in any direction or in your The tilt is not considered a long-term threat to the structural integrity of the building and all city engineers agree that the tilt will not worsen, allowing the building to be completed, but if that's the case, they'll almost certainly have a hard time selling units. not recovering their original investments, especially after all the costs incurred after the impasse, potential buyers may be hesitant to put their money down on a unit in the tower as there is a chance that their investment will not earn the same returns.

Like other luxury units in the city, there could also be a perception that the condo board will be left with the responsibility if problems arise at some point in the future and that is somewhat like what is happening with the owners of the Millennium Tower in San Francisco right now, in addition to the The longer the tower remains exposed to the elements, the more expensive it will be to return it to a state where it can be finished, but if the developers choose to fix the tower, they can It would prove too cost prohibitive to do so and that could ultimately mean the tower would have to be demolished.

A new ultra-luxury condo tower in Manhattan would have to be demolished before it can be occupied. That's crazy. Really all the settings here are truly incredible for modern luxury. condo project, especially one in New York City with such valuable land, was a colossal mistake and it seems like everyone involved wants to pass the blame and now, with years of cuts, Corners mismanagement, missed payments, debts deep and lawsuits, it is now a question of how much This abandoned and unfinished condo tower will no longer stain the pristine New York City skyline now that there were actually some notable people involved in this whole mess as private buyers of units, one of which was Frederick Eckland, a New York City real estate agent and television star. from the Million Dooll show listing, not only purchased a duplex in the building, but also represented listings in it by being one of the launching agents.

He's now, presumably, also removed from the building, but what I found interesting was that a lot of the initial pitch. The sales of the building were actually documented on the Million Dooll listing, but when I went to see it here in Canada I realizedI realize it wasn't on any streaming services I use, so I'm really happy Surf Shark is sponsoring it. This video with just one subscription you can use its app quickly and easily on an unlimited number of devices, you can even share it with your friends and family there, you can switch to one of its 3200+ servers in 100 countries including the UK where million dollars The list is available on Netflix and I mean there are countless examples of all kinds of media that are geo-blocked in different countries and this is especially useful when you are trying to travel as you can always change your IP address to wherever you want to browse.

Surf Shark gives you a lot of extra security features that I love, along with 24/7 customer support, so if you want to try it for yourself, you can go to Surf Shark. Offer sbsf and use my special code BSF to get three extra months free. Plus, if you find that they're not perfect for you, you can always get a 30-day money back guarantee anyway Guys, my name is Jake and thank you very much. a lot to see is