The 14-acre beachfront spread on Meadow Lane in Southampton, N.Y., was assembled from four parcels of land and includes several homes.
NYS Entity Status
NYS Filing Date
JULY 02, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - J. G. PROPERTIES AND CONSTRUCTION INC
AROUND THE WEB
- Hamptons Property Asks $150 Million
Thursday Jul 13, 2017
- Listing of the Day: Wingdale, NY
Friday Jul 7, 2017
The properties feature outdoor sleeping porches, an outdoor shower, windows and decking, which seamlessly integrate indoor and outdoor living.
- Welcome to the softer side of gutted Sears stores
By John Biggs - Monday Jun 12, 2017
If there is any indication of the cultural import and effect of the “millennials” – a term I dislike for reasons I will explain later – look no further than America’s malls. The Baby Boomer hubris and NIMBYism that sent malls into further and further orbits from city centers has come home to roost and it promises to change the face of retail in a big way. First,… Read More
- Should Homeowners Ban Drones Over Their Property?
By Your (optional) podcast author email address (Your (optional) podcast author name) - Tuesday May 24, 2016
The increased use of personal and commercial drones is raising questions about where they should be permitted to fly, and who should make that decision. The FAA estimates drone sales will reach 7 million by 2020. Photo: John Weber for The Wall Street Journal
- Common Sense: Feel Good About the Markets? Maybe You Shouldn’t Read This
By JAMES B. STEWART - Thursday Jun 29, 2017
President Trump has taken credit for a surging market this year. But tech stocks, the Fed and the president himself could change that picture.
- Millennium Tower keeps on sinking, but there may be a fix
By Matier & Ross - Tuesday Jul 18, 2017
City officials and other sources familiar with the situation tell us that the building, which as of last year had sunk 16 inches since construction got under way in 2005, continues to descend into the bay fill at Mission and Fremont streets.The sinkage is more pronounced on the northern side, the direction in which the tower is leaning 2 inches at its base, said the sources, who spoke on condition of anonymity because the Millennium’s problems are the subject of numerous lawsuits.The good news for the tower’s well-heeled residents, who paid from $1.6 million to $10 million for their condominiums, is that a pair of engineering firms hired by developer Millennium Partners and other parties involved in the dispute think they have a solution that will stabilize the tower and prop it back upright.After we first reported the Millennium Tower’s problems in August, the developer insisted that its decision not to anchor the foundation to bedrock in the first place had nothing to do with the building’s sink and lean — and that the ground under the building had been destabilized by neighboring construction.The engineering firms estimate the fix will cost $100 million to $150 million — more than your average home foundation repair, but a lot less than the billion-dollar-plus price tag that some experts have feared.Like so many other things involving the slow-motion fiasco, just who would pay the bill would be the subject of negotiation, and possibly litigation, involving Millennium Partners, the homeowners association and the public agency building the Transbay Transit Center next door, which the developer and condo owners insist bears some responsibility.P.J. Johnston, spokesman for Millennium Partners, declined to comment on the talks or the latest engineering report, but said, Our highest priority has always been to fix the building.Jack Gallagher, a spokesman for the San Francisco city administrator’s office, which is reviewing all downtown high-rise construction in the wake of the Millennium Tower’s problems, said no repair plan has been submitted to the city for permits.Bill Strawn, spokesman for the Department of Building Inspection, said his office had just received the latest engineering report on the building’s slippage, and had sent it to the city’s data engineers for review.[...] he said, the department sent out a team of inspectors Tuesday to follow up on a report done six months ago detailing cracking and other damage from the building’s movement, and a list of repairs that needed to be done in the short term.Millennium Partners says the tower’s problems were caused by construction crews pumping groundwater from the adjacent site, which the developer says destabilized the soil under the tower.The transbay authority argues that the slippage has continued long after the pumping ended, proving that the culprit was the developer’s decision not to drive piles all the way to bedrock.About 100 condo owners got a small break this week, when city Assessor Carmen Chu began notifying them that their 2017 property-tax bills are being reduced by about $3,000 apiece — reflecting an average $320,000 drop in value on each of their units.