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Started By
Message
Blighted Plaza Tower sold, plans to turn into senior living facility
Posted on 6/30/25 at 1:34 pm
Posted on 6/30/25 at 1:34 pm
LINK
I assume this project will never actually happen given the CRAZY cost it would take to renovate this building. There has to be some kind of tax credit or grant involved here
quote:
Sources tell WDSU that the building was purchased by two developers, Brian Gibbs and Lincoln Avenue Capital.
The developers hope to renovate the building into senior living homes.
The building used to be owned by Joe Jaeger prior to his death.
At one point, the city was looking at the option of demolishing the building if a sale did not go through.
WDSU Investigates has reported for years about the condition of the building, which is at the edge of the Central Business District.
The site has been a safety concern due to debris falling from the building and homeless people accessing the abandoned site.
I assume this project will never actually happen given the CRAZY cost it would take to renovate this building. There has to be some kind of tax credit or grant involved here
This post was edited on 6/30/25 at 1:42 pm
17
Posted on 6/30/25 at 1:37 pm to Fun Bunch
1000% never going to happen
Posted on 6/30/25 at 1:41 pm to SportsGuyNOLA
It doesn't pass the smell test, its absurd on its face
Posted on 6/30/25 at 1:41 pm to Fun Bunch
quote:
Plaza Tower
Between the Superdome and Lee Circle on Howard Ave.
quote:
it is the third tallest building in both the city of New Orleans and the state of Louisiana.
This post was edited on 6/30/25 at 1:43 pm
Posted on 6/30/25 at 1:42 pm to SportsGuyNOLA
quote:
1000% never going to happen
On its face, I would agree, but Gibbs is generally rather reputable as far as projects he's taken on and completed, and the fact that he's staking his name to it at least piques my curiousity.
Edited to remove the dangling k. I don't know why it was there, but realized it looked like I was making sort of a smartass response.
This post was edited on 6/30/25 at 1:45 pm
Posted on 6/30/25 at 1:42 pm to Shexter
The biggest problem for many years was that it was filled with asbestos.
Supposedly its been remediated but...
Supposedly its been remediated but...
Posted on 6/30/25 at 1:43 pm to Y.A. Tittle
quote:
On its face, I would agree, but Gibbs is generally rather reputable as far as projects he's taken on and completed, and the fact that he's staking his name to it at least piques my curiousity.
Its just odd. You are talking many many many millions of dollars in work that's needed to that building.
Posted on 6/30/25 at 1:43 pm to Fun Bunch
The building needs to be demolished but it’s probably cheaper to renovate.
Regardless hopefully something gets done because the place has been a mess.
Regardless hopefully something gets done because the place has been a mess.
Posted on 6/30/25 at 1:45 pm to Fun Bunch
quote:
The biggest problem for many years was that it was filled with asbestos.
Asbestos is a problem for people in the long term. Old people don't tend to live that much longer.
Posted on 6/30/25 at 1:51 pm to chryso
quote:
Asbestos is a problem for people in the long term
Only a problem if you are messing with it creating dust to inhale
Otherwise asbestos is harmless
Posted on 6/30/25 at 1:51 pm to chryso
The asbestos issue was taken care of around 2010 and from what I saw of the building. It looked like everything had been stripped out down to the concrete walls other than plumbing and electrical
Posted on 6/30/25 at 1:53 pm to Fun Bunch
Gonna echo what others have said and say I'll believe it when I see it
didn't some debris fly off the roof and kill someone in the past few years?
didn't some debris fly off the roof and kill someone in the past few years?
Posted on 6/30/25 at 1:54 pm to Shexter
Such an ugly arse building renovated or not.
Posted on 6/30/25 at 1:56 pm to Y.A. Tittle
quote:
piques
Posted on 6/30/25 at 2:00 pm to SportsGuyNOLA
quote:
1000% never going to happen
Posted on 6/30/25 at 2:02 pm to Fun Bunch
Its a popular spot for urban explorers
Posted on 6/30/25 at 2:03 pm to boxcarbarney
This girl makes it all the way to the top.
Posted on 6/30/25 at 2:10 pm to jmorr34
quote:
This girl makes it all the way to the top.
She needs to take that shite out of her nose.
Posted on 6/30/25 at 2:11 pm to jmorr34
Gonna is legit with the historic tax credits can likely make it work
Posted on 6/30/25 at 2:22 pm to Fun Bunch
quote:
There has to be some kind of tax credit or grant involved here
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