Jay Paul Issues Statement To Say 181 Fremont Will Not Sink Like The Millennium Tower

181 Fremont
Jay Paul Co

Developers are scrambling to contain the fallout from the Millennium Tower’s unexpected sinking. Jay Paul Co, the developer behind 181 Fremont, issued a statement saying the building’s Arup-engineered foundation was far more stable since it drilled into bedrock. Jay Paul also stressed the building’s resiliency features that allow it to survive an earthquake, reports Curbed.

The Millennium Tower is sinking and tilting far more than forecast. The unexpected news has led to much finger pointing. Millennium reportedly did not drill into bedrock to cut costs and built over landfill. [Curbed]

Continue reading this story with a free account

Log in or register
Related Topics: 181 Fremont , Jay Paul , Millennium Tower
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

Golden Apartment Building Sells For $62M To Chicago Company

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

Orchard Partners Selects JLL To Market 892K SF Manufacturing Campus In Brisbane: The San Francisco Deal Sheet

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

Battered Mortgage REIT Suspends Dividend To Preserve Cash

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague