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What to do about NOLA Plaza Tower
Posted on 8/18/26 at 8:35 pm
Posted on 8/18/26 at 8:35 pm
It’s been a dump for 60 years. In the middle of construction in the 60s, it fell into foreclosure. Should have been a sign.
Abandoned since BEFORE Katrina.
City has trued to force demolition for at least 10 years. Every time, the owners go to court and tie it up.
Every few years, someone has an idea but can’t get the financing to pull it off
It would be an expensive and costly demolition. Costs probably more than the value.
Any aggressive legal action would likely result in the llc declaring bankruptcy
City is broke. They could lien the land but can’t imagine they ever get close to their money back.
What to do?
Abandoned since BEFORE Katrina.
City has trued to force demolition for at least 10 years. Every time, the owners go to court and tie it up.
Every few years, someone has an idea but can’t get the financing to pull it off
It would be an expensive and costly demolition. Costs probably more than the value.
Any aggressive legal action would likely result in the llc declaring bankruptcy
City is broke. They could lien the land but can’t imagine they ever get close to their money back.
What to do?
14
Posted on 8/18/26 at 8:35 pm to LSUFanHouston
Blame the cott for allowing the rats to run the ship.
Posted on 8/18/26 at 8:39 pm to LSUFanHouston
Hasn’t it been and damaged since Katrina? Won’t get any money but the city and owner should be held liable. If property owners all ruin the city should possess and demolish. (This goes for what’s left in the 9th ward and other places all these years later. Can’t blame Katrina.)
Posted on 8/18/26 at 8:56 pm to LSUFanHouston
It’s Democrat run and turned into a shite hole by them.
This tower is a perfect symbol for it.
This tower is a perfect symbol for it.
Posted on 8/18/26 at 9:24 pm to Dixie2023
quote:
. If property owners all ruin the city should possess and demolish
It takes years and years and years through the court to do this.
Then the owner can transfer the building and start over.
Posted on 8/18/26 at 9:28 pm to LSUFanHouston
Fly something into it, a big drone would do.
This building was Sam Recile's last erection.
This building was Sam Recile's last erection.
This post was edited on 8/18/26 at 9:33 pm
Posted on 8/18/26 at 9:29 pm to andouille
Somebody call Saudi Arabia
Posted on 8/18/26 at 9:32 pm to Dixie2023
quote:
Hasn’t it been and damaged since Katrina?
Been a dump for at least 35 years and the way it was constructed makes it impossible to do anything with it.
I understand the asbestos issue makes demolition a hot topic, but damn the place needs to be leveled.
Posted on 8/18/26 at 9:32 pm to LSUFanHouston
JDAM
Posted on 8/18/26 at 9:36 pm to notiger1997
quote:
I understand the asbestos issue makes demolition a hot topic, but damn the place needs to be leveled.
My understanding is the asbestos was remediated a long time ago.
Ownership, who pays, and the cost of demolition are the obstacles to getting rid of it now.
And based on its location and height, demolition and hauloff by any means is not a trivial expense.
Posted on 8/18/26 at 9:42 pm to AndyCBR
Correct. Hazardous materials removed years ago. It has structural issues, a one way only parking garage, and exterior skin attachment issues. Floor plates are very small limiting possible uses. The finances don’t work without some type of subsidized funding.
Posted on 8/18/26 at 9:45 pm to AndyCBR
quote:
And based on its location and height, demolition and hauloff by any means is not a trivial expense.
JP said this AM it’s around ~$20-30M. Not ideal
Posted on 8/18/26 at 9:46 pm to LSUFanHouston
Fly a plane into it.
At least that’s what Larry Silverstein did to his buildings.
At least that’s what Larry Silverstein did to his buildings.
Posted on 8/18/26 at 9:49 pm to LSUFanHouston
It sounds like the building is tied up in a dead guy's estate. The court system should expedite probate if that is what is holding up any action to demo the building.
From Google:
The Plaza Tower in New Orleans is currently owned by Alexandria Land & Development, LLC, which represents the estate of the late prominent local developer Joe Jaeger. Jaeger purchased the vacant 45-story skyscraper in 2014 and held it until his death in 2024.
From Google:
The Plaza Tower in New Orleans is currently owned by Alexandria Land & Development, LLC, which represents the estate of the late prominent local developer Joe Jaeger. Jaeger purchased the vacant 45-story skyscraper in 2014 and held it until his death in 2024.
Posted on 8/18/26 at 9:54 pm to Red Stick Tigress
quote:
It sounds like the building is tied up in a dead guy's estate. The court system should expedite probate if that is what is holding up any action to demo the building.
This could be related but the city is waiting to see if they can sell it to alleviate some of the cost of the demo that right now appears to be the full amount. Sounded like they are skeptical with only a few months remaining on the deadline
Posted on 8/18/26 at 9:59 pm to LSUFanHouston
I don't know but it's such an embarrassment in a city already full of that. The hair net just tops it off. Needs to be demoed asap
Posted on 8/18/26 at 10:02 pm to Red Stick Tigress
Jaeger's company has/had a bunch of derelict properties all around the city.
There are still appeals available and they will appeal if demolition talk starts again. There is a new plan that gets brought out for a few years to make the city back off. Someone gets hit by debris or dies at the site and everyone pushes to tear it down.
$28MM was the last estimate. So $50MM.
There are still appeals available and they will appeal if demolition talk starts again. There is a new plan that gets brought out for a few years to make the city back off. Someone gets hit by debris or dies at the site and everyone pushes to tear it down.
$28MM was the last estimate. So $50MM.
This post was edited on 8/18/26 at 10:03 pm
Posted on 8/18/26 at 10:08 pm to RIPMachoMan
JP is wrong.
That number is wildly low. You could literally add a zero to get the real number. It cannot be dynamited due to proximity of other buildings close to it, and the sturdy design the building. It would have to be torn down with cranes and largely by hand. A good comparable would be 270 Park Avenue in New York. It was torn down in 2019 and cost $160 million for that. I think everyone can guess how much more expensive construction is now than in 2019.
That number is wildly low. You could literally add a zero to get the real number. It cannot be dynamited due to proximity of other buildings close to it, and the sturdy design the building. It would have to be torn down with cranes and largely by hand. A good comparable would be 270 Park Avenue in New York. It was torn down in 2019 and cost $160 million for that. I think everyone can guess how much more expensive construction is now than in 2019.
Posted on 8/18/26 at 10:14 pm to fightin tigers
quote:
Jaeger's company has/had a bunch of derelict properties all around the city.
They have a large commercial property in downtown Franklinton that sits dormant. They let someone come take all the mechanical stuff out, or so I heard, and have it for sale for some insane price.
Posted on 8/18/26 at 10:26 pm to Brightside Bengal
quote:
JP is wrong.
That number is wildly low. You could literally add a zero to get the real number. It cannot be dynamited due to proximity of other buildings close to it, and the sturdy design the building. It would have to be torn down with cranes and largely by hand. A good comparable would be 270 Park Avenue in New York. It was torn down in 2019 and cost $160 million for that. I think everyone can guess how much more expensive construction is now than in 2019.
So what's the solution?
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