Most of our big coastal cities are like that. Boston is about twice as big as it was in colonial times; all of the Back Bay is landfill. A lot of Cambridge is landfill. And yes, most of the taller buildings cluster around the more solid bedrock areas closer to downtown.
But the engineering principles needed here aren't unknown--cities like Las Vegas and New Orleans have modern buildings that are much taller than were thought possible in earlier times. If the developers didn't do it right because it was expensive, then it is on them.