Who Will Pay for San Francisco's $750 Million Tilting Tower?
A view of the Millennium Tower on August 11, 2016 in San Francisco. A $500 million lawsuit has been filed against building owner the owner of the Millennium Tower, Millennium Partners, and the Transbay Joint Powers Authority after it was revealed that the building had sunk 16 inches into the ground and is leaning 2Â inches to the northwest. The 58-story, 419-residence building was completed in 2009.
Photographer: Justin Sullivan/Getty ImagesNina Agabian, a retired director of research in global health science at the University of California, bought a 29th-floor apartment in San Francisco’s Millennium Tower in 2010. “It was supposed to be a wonderful building,” she said in January, sitting in a leather chair in the building’s vast, low-lit, owner's-club level. “For many of us, who left our business lives to start our older years, this had become a nice, comfortable place.”
The building, which opened in 2008 and was touted as the most luxurious tower in San Francisco, became a beacon of the city’s burgeoning wealth, attracting tech millionaires, venture capitalists, and even the San Francisco 49ers retired quarterback Joe Montana.