#THE DOWN SIDE SUPERTALL LEAKS CREAKS FULL#

Jennifer Lopez and Alex Rodriguez bought a 4,000-square-foot apartment there for $15.3 million in 2018, and sold about a year later.

The 96th floor penthouse at the top of the building sold in 2016 for nearly $88 million to a company representing the Saudi retail magnate Fawaz Alhokair.

432 Park, one of the wealthiest addresses in the world, faces some significant. The building, a slender tower that critics have likened to a middle finger because of its contentious height, is mostly sold out, with a projected value of $3.1 billion. The Down Side To Life In A Supertall Tower: Leaks, Creaks, Breaks - Digg. The disputes at 432 Park also highlight a rarely seen view of New York's so-called Billionaire's Row, a stretch of supertall towers near Central Park that redefined the city skyline, and where the identities of virtually all the buyers were concealed by shell companies. 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. Six years later, residents of the exclusive tower are now at odds with the developers, and each other, making clear that even multimillion-dollar price tags do not guarantee problem-free living. That article is also republished on Cryptome.New York's luxury condo boom half a decade ago, fueled largely by foreign buyers seeking discretion and big returns. The Development Hub has grown in staff size but continues to provide only limited review of submitted documents.įinally, the Chief Structural Engineer at DoB published an article in the ASCE Journal criticizing the structural peer review of high rises. The Down Side to Life in a Supertall Tower: Leaks, Creaks, Breaks - The New York Times. It was housed away from the DoB main building to convey its special role in speeding examination of plans.įor several initial years of the Hub only two unlicensed professionals examined plans for restricted compliance with the Zoning and Building Codes, omitting structural, mechanical and other components all of which were nonetheless stamped as approved.

Fran OSullivan: Up isnt the only way for property prices. In 2012 Mayor Bloomberg set up the DoB Development Hub for examination of plans for new building construction and major alterations. The down side to life in a supertall tower: Leaks, creaks, breaks.

432 Park, one of the wealthiest addresses in the world, faces some significant design problems, including water damage, elevator malfunctions, and creaking walls.

#THE DOWN SIDE SUPERTALL LEAKS CREAKS FULL#

The Down Side to Life in a Supertall Tower: Leaks, Creaks, BreaksĬryptome, a website hosted by two New York State registered architects has published a series titled 'Most Dangerous NYC Buildings,' of full construction drawings for the structures, including all supertalls and high-rises approved by the Department of Buildings since 2012.īackground: Developers lobbied for diminished examinations of plans under the Koch Administration which was implemented in Directive 2-1975 and noted in stamps of examiners since to limit DoB responsibility. The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks.

The down side supertall leaks creaks