By the looks of it, the current recession is going to be bringing all the air drafting money-minting individuals a little lower to earth with the prick of a pin on their ballooned lives. The tallest residential building in San Francisco has just proven the fact. The builders Millennium Partners LLC has cut down rates of their sky-smacking 60-story luxury nest, the Millennium Tower, 15 percent. This also includes a refund on the units that are already sold. They will be paying it from the $22.5 million they have in deposits to 90 units out of the 419 unit property.
Such shocking news. Not for the residents. Those who did make the credit busting choice of booking an apartment can rejoice now. They are getting a huge discount on a property that scans the entire North American city PLUS having a club level with a screening room, pool and pool terrace, fitness club, tasting room, lounge, dining room, and fitness center. Ah well. The builders should have made some good cash in their good days; let the common tax paying millionaires have some good luck now.
[Luxist]
