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Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation

Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation
Bloomberg Markets Wednesday 08 July 2026, 23:54 UTC By Natalie Wong, Nacha Cattan, Kriston Capps 1 min read
Key Points

Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation The developer behind the Midtown Manhattan tower that was evacuated over structural concerns Tuesday says it has a plan to fix the issue, including reconstructing 15 floors that were added to the original building as part of its conversion into apartments. The height of the tower’s 21st floor, which is taller than others at 235 East 42nd St., made two columns more susceptible to load, said Nathan Berman, chief executive...

Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation The developer behind the Midtown Manhattan tower that was evacuated over structural concerns Tuesday says it has a plan to fix the issue, including reconstructing 15 floors that were added to the original building as part of its conversion into apartments. The height of the tower’s 21st floor, which is taller than others at 235 East 42nd St., made two columns more susceptible to load, said Nathan Berman, chief executive officer of developer Metro Loft. Those columns weren’t sufficiently reinforced, leading them to bend and causing some of the 15 cantilevered floors above to sag.
Manhattan Tower Owner (LOCATION) Floors After Evacuation Damaged Manhattan Tower Owner (ORG) Midtown Manhattan (LOCATION) St. (LOCATION) Nathan Berman (PERSON) Metro Loft (ORG)
Originally published by Bloomberg Markets Read original →

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