Posted Aug 23, 2025, 3:17 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,623
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https://www.dailymail.co.uk/news/article...C-670ft-skyscraper-banana-Manhattan.html
The leaning tower of NYC: 670ft unfinished skyscraper that is 'shaped like a banana' and the terrifying prediction for downtown Manhattan
By ELIZABETH HAIGH
23 August 2025
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1 Seaport was lauded to be the first ever all-glass residential skyscraper built on the lower-Manhattan waterfront, complete with sixty stories, a private porte cochère, a hydrotherapy spa and an infinity pool.
Located on the edge of the financial district, developers had high hopes of selling properties in the 670ft building for $30 million.
But after early sales success, the $300 million project descended into disaster when developers realized the building had a 3-inch tilt, leading to a tumultuous spiral of legal battles, architectural scraps and even the death of a builder.
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Meanwhile with the cheapest apartment costing over $1.3 million, the building sold half its available units within months, after striking preliminary sales launched in April 2016.
By the time the on-again off-again skyscraper officially topped out by September 2018, 78 of the building's 98 condos were already off the market.
Amid hostile finger pointing over the lack of progress, Pizzarotti launched its lawsuit against Fortis in March 2019 over the 8cm northward lean.
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Construction halted in 2020 and now the $300 million project sits in limbo.
A series of court cases has been brought, including over unpaid wages.
The only work that has reportedly been carried out is by Pizzarotti's replacement as general contractor, Ray Builders, who designed another glass curtain wall to accommodate the gaudy tilt.
But by July 2020, Ray Builders again stopped construction after claiming that Fortis failed to pay its workers, before resigning as contractor.
Bank Leumi, who reportedly gave Fortis a $90 million construction loan for the doomed skyscraper in June 2016, were subsequently blamed by Fortis for the non-payments in yet another lawsuit filed in August 2020, claiming the bank failed to follow through on part of its loan deal.
By the end of the year, the bank attempted to foreclose on its loan for the skyscraper, according to PincusCo, and as of February 2021, all but six of the condo buyers had cancelled their contracts.
Structural engineers have assessed the building as not being at risk of toppling over - but that does little to help rescue the project.
Fortis reportedly still hopes to finish the project one day - but it could be years before anyone takes up residence in Manhattan's most disastrous project of recent years.
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