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.