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Tower crane boom collapsed in NYC

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  • 10 months later...

A luxury Manhattan apartment building suffered more than $80M in damage after a crane at an adjacent construction site caught fire and collapsed.

The plummeting 180-foot crane arm came crashing down onto Extell Development and RXR Realty’s luxury Midtown West apartments, 555Ten, from a construction site at 550 10th Ave. last July, injuring a dozen people, including three firefighters. 

The bill for the damage done to the building amounts to $82.8M, according to servicer commentary from the Morningstar Credit database. The damage resulted in certain apartments being marked uninhabitable by the New York City Department of Buildings, forcing tenants to vacate, PIX11 reported.





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