The Associated Press is reporting that the lonely, long-vacant Plaza Tower in New Orleans may be given a new life soon. Local New Orleans developer Bryan Burns has bought the tower and said his plans for the building could include developing it into a a mixed-use residential and commercial complex. The building’s previous owners, Plainfield Capital, bought the building in 2007 and spent over $12 million gutting it and remediating all the mold and asbestos. They were unable to sell the building afterwords and ended up auctioning it off earlier this year.
A New Beginning for Plaza Tower in New Orleans?
December 2, 2011 By Leave a Comment
