[Updated 4:04 p.m.] As Hurricane Sandy barrels down on New York City, a construction crane has collapsed at One57, the ultra-luxury Midtown condominium, The Real Deal has learned. While it was not immediately clear what caused the break, wind gusts had reached up to 90 miles per hour in the neighborhood, according to news reports.
A Town Residential executive, who has a direct view of the site from his home, heard a “snap” and saw the crane dangling, according to Town manager Wendy Maitland. He called the police, who arrived on the scene within 15 minutes, but he continues to hear creaking and “very disturbing” noises, she said. [more]