The One Seaport tower at 161 Maiden Lane in Manhattan's Financial District, a $400 million luxury residential skyscraper, remains uninhabitable due to a complex web of structural failures and legal disputes. Developers, led by Fortis Property Group, opted for a cheaper foundation method called jet grouting instead of driving piles to bedrock, despite geotechnical reports warning of differential settlement. This decision led to the building sinking unevenly and leaning by three inches, earning it the nickname "The Banana Tower." Further complications include a fatal construction accident in 2017 involving worker Juan Chonillo, causing project delays and legal action against the concrete subcontractor. The structural issues prevent the installation of exterior glass panels and functional internal systems, and without a certificate of occupancy, no residents can legally move in. As various parties involved—including contractors, lenders like Bank Leumi, and individual condo buyers—sue each other, the building continues to deteriorate, accumulating millions in carrying costs and legal fees, with no clear path to completion or demolition.
via MegaBuilds
Matt Coneybeare
Editor in Chief
Matt enjoys exploring the City's with his partner and son. He is an avid marathon runner, and spends most of his time eating, running, and working on cool stuff.
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