A 58-story skyscraper in San Francisco is tilting and sinking — and residents say their multimillion-dollar condos are 'nearly worthless'
Beck Diefenbach/Reuters
Bad news keeps piling up at the "leaning tower" of San Francisco.
Millennium Tower is a luxury residential high-rise that has sunk 17 inches and tilted 14 inches since it was completed in 2008. Though an inspection by the city showed it's safe to occupy, the building's wealthy residents take no solace. Their multimillion-dollar condos have tumbled $320,000 in value on average.
Here's what we know about the fate of Millennium Tower.
Millennium Tower rises 58 stories above San Francisco's Financial District.
The city's fourth tallest skyscraper contains over 400 multimillion-dollar condo units. It soars 645 feet in the air, providing residents with panoramic views of the Bay Area.
Source: Wikipedia
Completed in 2008, Millennium Tower includes top-notch amenities, including a pool, fitness center, wine cellar and tasting room, movie theater, and concierge service.
Source: Millennium Tower
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