Thursday, July 21, 2011

New Orleans Skyscraper on Auction Block


Should I buy this building? It could be the new Gates Manor???


New Orleans Skyscraper on Auction Block

NEW ORLEANS -- Want to buy a skyscraper?
The 45-story Plaza Tower in New Orleans is on the auction block - with a minimum bid of $250,000.
A joint venture putting the long-empty building for sale, New Orleans-based Corporate Realty and DJM Realty, a national disposition company, says the skyscraper has a gutted interior shell and possible environmental hazards have been fixed.
The Plaza Tower was built in 1964. It also has an eight-story parking garage and a 30,000-square-foot annex.
The building is the third-tallest in both New Orleans and Louisiana. The last office tenants of the building left in 2002. A previous plan to convert the building into luxury condominiums failed.










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