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Developer of unstable building in NYC says it was never in danger of collapse

Crews and inspectors say no movement has been detected as four nearby buildings stay evacuated and shoring work nears completion.

  • Construction crews have been working day and night to stabilize a building on 42nd Street that had structural issues, with two columns buckling and several floors sagging.
  • The developer, Gus Manessis, said the building was never at risk of collapse and that the issue was strictly structural, caused by adding too much load on certain columns.
  • Officials said significant progress has been made in stabilizing the building, with supports being added to every floor from the ninth floor up to the roof.
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In New York, an office building almost collapsed to be transformed into a residential building, an example of how complicated such projects can be due to conflicting interests.

·Frankfurt, Germany
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Bloomberg broke the news in New York, United States on Tuesday, July 7, 2026.
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