Manhattan building developer says collapse fears were overblown, calls buckling columns 'localized situation'

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. FDNY firefighters are on the scene of an unstable high-rise in Midtown Manhattan, New York City, currently undergoing conversion into luxury apartments. The 30-story building faces a risk of localized collapse, with reports of buckling steel columns and cracking walls. Construction workers on the 21st floor observed badly bent steel beams. The developer behind a Manhattan high-rise that sparked fears of a collapse after buckled columns forced evacuations says the danger was overstated, calling the structural damage a "localized situation" that never put the building at risk of collapsing. MetroLoft said in a statement obtained by NBC 4 New York on Wednesday that the developer worked closely with New York City’s Department of Buildings to confirm the building "is now stable," and that it has "a clear plan to fix" the issue. "This is a localized situat