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Another San Francisco Building Appears To Be Sinking

SAN FRANCISCO (AP) – A few blocks from the 58-story Millennium Tower, dubbed “the leaning tower of San Francisco,” another building appears to be sinking. The San Francisco Chronicle reports that an 18-story building in the city’s financial district appears to have settled three-eighths of an inch due to construction of two high-rises on either side. The 18-story building serves as the western headquarters of the Federal Deposit Insurance Corporation. Developers are building a pair of 61-story and 54-story towers that will be called Oceanwide Center. The Chronicle’s Wednesday article says that a monitoring report filed in March by developer Oceanwide Center LLC found the shift but said it did not pose significant safety risks. Millennium Tower has sunk 17 inches since opening in 2008, and is tilting 14 inches.