Whereas the chance to personal a penthouse providing implausible views of San Francisco and its surrounding bay may sound good, the concept of proudly owning one within the Millennium Tower ought to give anybody pause. The unbelievable circus arising from nook and cost-cutting at this skyscraper, the resultant lawsuits, and the engineering repair haven’t precisely instilled confidence on this constructing’s future.
The sensible actual property investor who paid $13 million for this penthouse in 2016 desires to promote it for $14 million in 2023. In California, this quantities to dropping cash on the place if it sells in any respect.
SF Gate:
“Now, following a number of years of building, 301 Mission is absolutely anchored to bedrock, with street-side building actions scheduled to finish Q3 2023,” the brand new Sotheby’s itemizing for “Grand Penthouse A” reads.
The tower’s spokesperson, Doug Elmets, advised SFGATE on Tuesday that the constructing ought to quickly be resting on bedrock, not the deep sand that was reportedly accountable for its infamous, lopsided historical past.
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The vendor of the property is reportedly tech veteran Craig Ramsey, a longtime Salesforce board member. In accordance the the Wall Road Journal, Ramsey purchased the rental in 2016 for $13 million regardless of figuring out it wasn’t on stage floor. “I knew the constructing was tilting,” Ramsey advised the Journal. “I received an excellent low cost due to that truth.”
The luxe pad was listed Tuesday for a sq. $14 million, making it the priciest itemizing within the blighted constructing for the reason that tilt was found seven years in the past. SFGATE requested Lynn if the lean is in any approach noticeable from contained in the penthouse. “It isn’t noticeable to the bare eye,” stated Lynn, who has represented quite a few gross sales at 301 Mission.
That could be a mighty highly effective “ought to quickly be.”
The realtor’s video tour from the prior sale in 2016 is a variety of enjoyable, nonetheless.
$14 million {dollars} to stay in Westin-hotel alike the place your drink by no means sits stage!
