The Amazon office building that has become a toxic waste dump, has been condemned by the city and has become one of the city’s largest property developers.
The building was listed for sale on the New York Stock Exchange on Friday and was sold for $2.6 billion, or $11.1 million per unit.
The deal for the building comes amid a boom in residential construction and the ongoing bankruptcy of some real estate giants like Bank of America, whose parent company, Regions Bank, is in bankruptcy proceedings in Michigan.
The city’s Office of Administrative Law and Ethics said it had received a complaint that the building’s facade was “not safe and not fit for use as an office building”.
The city said it has been working to protect the building and that it has taken steps to “enhance security measures”.
The complaint comes just days after Amazon, the nation’s largest online retailer, announced it was buying a 19.5 per cent stake in the building, valued at $1.2 billion.
Last year, Amazon purchased the vacant former headquarters of Whole Foods for $13.7 billion, bringing its total acquisition of real estate in the US to $4.9 billion.
In a statement, the building developer said it was aware of the situation and would investigate the matter.
It also said it would “ensure the building is as safe and secure as possible”.
“This is a tragic situation, but we are committed to making the building as safe as possible for our tenants and their families,” the developer said.
“We are working closely with the City of Houston to address this matter, as we have been in the past.”