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.
110K per tenant to fix.....Owners dragged their feet until it cost them their lives.
The residents ARE the owners. Who can they sue but themselves?
Condo owners or their relatives will hit the Condo Board with 150 million lawsuit.