Homebuilders Undermined by Cost of Construction Boom’s Flaws
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Seattle city planner Alan Justad is reviewing a project that will bring back the cranes, dust and noise absent since the real estate bust. This one will subtract from the skyline rather than add to it.
The owners of McGuire Apartments opted to tear the 10-year-old tower down after discovering corroded support cables and other faults that would cost $60 million to repair, almost double the tab to build it. “We’ve never had anything like this happen before,” said Justad, who expects demolition of the 25-story structure to begin later this year.