Matt has a interesting post on an acid leak in the Trace Lofts garage (albeit, residents were warned the ongoing construction would require people to park at their own risk). Around the same time, a homebuyer commented that 5th and Madison had broken water pipes on the 2nd and 3rd floor. While helping a friend to move into his Mosler lofts home, one of my clients saw wood floors being ripped up in the townhome units and big drying blowers were brought in to dry off the floor. Apparently, there were some water issue in the units.
Having a few leaks isn’t a huge deal, no new building is flawless which is why we have construction warranties and typically the first year of any new building includes a good amount of repair work. The bigger question is to what extent are these the beginnings of a more issues for Trace, Mosler, or 5th/Madison? We’ll have to wait and see. At the very least, it’s probably another reason to consider the developers’ warranties when comparing projects.
Hi Wendy,
Just a heads up.
You wrote riped up, not ripped up.
I truly enjoy your column.
Thanks for the heads up!
EVERY BUILDING LEAKS! Only since lawyers starting cold calling HOA’s in the last 5 years or so has it become such a “problem”. Nothing can prevent water intrusion except constant maintenance. Water is the most powerful force and cannot be diverted from its natural path.
It seems that someone else is using my alias on this site. I am wondering if it is a certain condo salesman. I’m going to stop posting on this site until you start asking for email verification Wendy. Best of luck and again I do not know who this new “dunno” is.
LOL. dunno thinks he owns the word dunno. Why doesn’t dunno claim the word condo so no one else can use it. Ludicrous.
the last 3 comments were not made by me, the real dunno
Many new buildings get a real test when we have a very hard freeze.
Pipes that are inadequately insulated may rupture when exposed to several days of freezing temps. Since we can go for several years without such a weather event, it’s always a surprise when pipes in the garage, or in the walls, or under exposed decks or porches burst open.
In order for buyers to get unbiassed help to understand the scope of new construction or conversion projects’ respective developer warranties, it’s in their best interest to be represented by their own Buyer’s Agent who is knowledgeable in this area – not just the various site agents they meet. Another tip is to get a Loss Assessment Rider added to their condominium homewner policy to protect against unforseen future special assessments…