San Francisco. 175 Bluxome St. Banana Republic moved all of their employees out of the building due to ‘structural integrity’ issues. Happened overnight. Next thing you know they got sued for breach of contract. The company was growing too fast for the building to accommodate everyone. 2 years later the 1989 earthquake hit and 4 people were crushed with old bricks. These were small businesses who could not afford these studies. This group of people were caught between a rock and a hard place. Can’t abandon their nest egg and can’t afford the big improvements. The owners of a twin building are staying. I’d leave.
President Biden and the First Lady will visit the site on Thursday. ................................
They complained why the work hadn’t started yet they complained about having to pay the $80K-$330K for the repairs. Seems like the condo people knew about the problem but didn’t want to pay for the repairs. The situation is sad but everyone always find someone else to blame.
May God bless all these responders; this was horrible.
This is a long but very comprehensive article.
Many photos show numerous faults with the property.
If I lived in a condo built by the same crooks, I would evacuate immediately.
I foresee billions of dollars in legitimate lawsuits .
The price of 30 year old beach-side condos in South FL just took a huge hit....
The downside to owning an apartment in a Condo.Anything unable to be paid from the Condo reserve account is billed to the owners as an additional assessment.
Of course now that the building has collapsed the insurance company will most likely have to pay.
This is a tough one.