The contractor for an occupied, 26-story apartment building in Seattle that has corroding post-tensioning cables disagrees with the owner’s assertion that the nine-year-old high-rise will become unsafe. McCarthy Building Cos. also disputes the cause and scope of the damage to McGuire Apartments, built for $33 million, stated by the local owner, Carpenter’s Tower LLC. Photo: Ken Lambert, The Seattle Times Problems of Seattle high-rise are too costly to fix, says owner. The contractor disagrees. On April 10, the owner announced plans to vacate the building over several months “due to extensive construction defects, which are financially impractical” to repair. A
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.