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“That’s significant … and of concern,” said Professor Greg Deierlein, director of the John A. We assume the tilt of the Tower of Pisa started out small too, and no one noticed at first. The tilt that began in 2009 has reached 2 inches to the northwest, toward the sidewalk on Mission Street, but it’s still not enough to where you can see it. And it’s not only sinking at an alarming rate – 16 inches since its completion in 2008 – it’s also sinking unevenly and has begun to lean. Condos sell for anywhere from $1.6 million to north of $10 million.īut it’s sinking.
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Until his recent death, it’s where venture capitalist Tom Perkins owned a penthouse. is home to such A-listers as Joe Montana and Hunter Pence. Rated by Worth magazine as one of the top 10 residential buildings in the world, the Millennium at 301 Mission St. The San Francisco Chronicle described the 58-story “symbol of San Francisco’s new high-rise and high-end living” this way: Someday it might make a fabulous tourist attraction, much like its famous sister in Pisa, Italy, but for now it’s just an ultra-luxury debacle called Millennium Tower, the most luxurious condo tower in San Francisco and perhaps in California. According to Paragon Real Estate, SoMa’s median condo price year-to-date fell 1.3% from the same period in 2015.Īnd now SoMa has the Leaning Tower of San Francisco. And South of Market, where this debacle is located – the epicenter of the building boom and until recently one of the hottest spots in San Francisco – is going cold.
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San Francisco’s condo market doesn’t need this sort of debacle at the moment. Didn’t do what when they built the most luxurious condo tower in California?!
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