Texas Hi-rise To Be Demolished After 16-in of Settlement


padre-tower A partially completed luxury condominium development on South Padre Island on the Texas Gulf Coast is slated for demolition after it has settled by 14 to 16-in, more than double the settlement of the attached parking garage. The developer, Ocean Tower LP is seeking $125 million in damages from the geotechnical engineering and structural engineering firms. They determined repairs were not “economically feasible” and a lawyer for Ocean Tower LP estimated the developer had invested about $65 million in the project.  Source: NY Times via ASCE SmartBrief.