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Another New Orleans high rise is crumbling down, blocking traffic

Posted on 5/21/21 at 10:59 am
Posted by brewhan davey
Audubon Place
Member since Sep 2010
33081 posts
Posted on 5/21/21 at 10:59 am
Streets surrounding New Orleans' Plaza Tower remain closed indefinitely due to falling debris

quote:

A pocket of New Orleans’ Central Business District remained closed to traffic indefinitely Friday after paneling blew off the abandoned Plaza Tower skyscraper -- with some of it striking a bicyclist — a day earlier.

New Orleans police said Loyola Avenue heading into downtown would be closed from Calliope to Girod Streets until further notice. Rampart Street would also be closed from Girod to Calliope, and Howard Avenue would be closed in both direction from Loyola to O’Keefe Avenue.

High winds dislodged pieces of the 45-story Plaza Tower at 1001 Howard Ave. about 4:30 p.m. Thursday, according to authorities. One piece hit a passing bicyclist, who paramedics took to an area hospital to be treated injuries that were not thought to be life-threatening.

The road closures around Plaza Tower took effect almost immediately after the debris fell from the building Thursday. Weather forecasters expected Friday to be another rainy, windy day in New Orleans, with improved conditions possibly arriving Saturday.

One of the city's first skyscrapers, Plaza Tower was built in 1969. After the Superdome was built and Poydras Street became the city’s financial center, tenants steadily left the high rise for other downtown locations.

Plaza Tower has been vacant and unused since 2002, and the building’s former owner has faced several class action lawsuits over toxic mold and asbestos that had been found there. The building is currently owned by Alexandra Land & Development LLC, whose agent is Ryan Jaeger, son of prominent real estate developer Joseph Jaeger.

Jaeger hasn’t commented on Thursday’s incident. New Orleans City Councilman Jay Banks, whose district includes the building, said Thursday he hoped the attention brought to Plaza Tower due to the latest incident will spur its owner to sell or redevelop the skyscraper.


We've seen this movie before.
Posted by LSUballs
RayVegas LA
Member since Feb 2008
38889 posts
Posted on 5/21/21 at 11:00 am to
Posted by Cosmo
glassman's guest house
Member since Oct 2003
125383 posts
Posted on 5/21/21 at 11:00 am to
You arent allowed to link to nola.com
Posted by brewhan davey
Audubon Place
Member since Sep 2010
33081 posts
Posted on 5/21/21 at 11:01 am to


I didn't get a paywall for this one
Posted by Teddy Ruxpin
Member since Oct 2006
40113 posts
Posted on 5/21/21 at 11:03 am to
Just holding the land and paying taxes without income from it has to be a money pit right? I don't even think the parking garage is still in use.
This post was edited on 5/21/21 at 11:04 am
Posted by brewhan davey
Audubon Place
Member since Sep 2010
33081 posts
Posted on 5/21/21 at 11:05 am to
According to the assessor's website, the taxes on the property for this year are around $44k.
Posted by Centinel
Idaho
Member since Sep 2016
44031 posts
Posted on 5/21/21 at 11:05 am to
Great city you guys have there. Abandoned skyscrapers, other newly built ones collapsing....but hey, I heard you took some statues down!

Posted by LegendInMyMind
Member since Apr 2019
65816 posts
Posted on 5/21/21 at 11:06 am to
quote:

I didn't get a paywall for this one

Their paywall prompts are inconsistent as hell. Some people get them, some don't. They can't even overcharge people competently.
Posted by brewhan davey
Audubon Place
Member since Sep 2010
33081 posts
Posted on 5/21/21 at 11:06 am to
quote:

Their paywall prompts are inconsistent as hell. Some people get them, some don't. They can't even overcharge people competently.


Posted by kingbob
Sorrento, LA
Member since Nov 2010
68341 posts
Posted on 5/21/21 at 11:08 am to
On the flip side, those fighter jets that just buzzed the cbd gave me a freedom boner.
Posted by Dizz
Member since May 2008
15533 posts
Posted on 5/21/21 at 11:08 am to
If they can ever find a way to get the building down the land is worth a lot. The building is full of asbestos and there is no way to cost-effectively get it down.
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 5/21/21 at 11:08 am to
NO is sounding more like Detroit every day.
Posted by Nguyener
Kame House
Member since Mar 2013
21057 posts
Posted on 5/21/21 at 11:09 am to
quote:

The building is full of asbestos and there is no way to cost-effectively get it down

Go hang a noose on the front door. The US Govt will have the entire building down in an hour
Posted by CAD703X
Liberty Island
Member since Jul 2008
86603 posts
Posted on 5/21/21 at 11:10 am to
quote:

The current owner, Alexandra Land & Development LLC, purchased the building in 2014 and performed asbestos remediation, according an April report by WDSU. The company's agent is Ryan Jaeger, son of prominent real estate developer Joseph Jaeger




quote:

President
Company Name: Generation Holdings
Dates Employed: Jan 2013 – Present
Employment Duration: 8 yrs 5 mos
Location: Greater New Orleans Area


President
Company Name: All-Temp Refrigeration Services
Dates Employed: Jan 2014 – Present
Employment Duration: 7 yrs 5 mos
Location: Greater New Orleans Area


quote:

Education

Plumbers & Steamfitters Local 60 Apprenticeship Program
Field Of Study: Plumbing Technology/Plumber
Dates attended or expected graduation: 1999 – 2003

Delgado Community College
Dates attended or expected graduation: 1992 – 1993


gotta love those family connections.
Posted by Stealth Matrix
29°59'55.98"N 90°05'21.85"W
Member since Aug 2019
9756 posts
Posted on 5/21/21 at 11:10 am to
urban exploration video

That place looks like it's a teardown from the inside.
Posted by Fun Bunch
New Orleans
Member since May 2008
123526 posts
Posted on 5/21/21 at 11:10 am to
The plaza tower has been abandoned for over 30 years. It had asbestos and was one of the worst designed buildings in history from day 1.

Awful building. I wish it could just be torn down but apparently that is more expensive and more trouble than it is worth.
Posted by brewhan davey
Audubon Place
Member since Sep 2010
33081 posts
Posted on 5/21/21 at 11:11 am to
quote:

the building’s former owner has faced several class action lawsuits over toxic mold and asbestos that had been found there


There's enough mold and asbestos in there to keep the pockets of the local plaintiffs' bar lined for decades.
Posted by Teddy Ruxpin
Member since Oct 2006
40113 posts
Posted on 5/21/21 at 11:12 am to
quote:

If they can ever find a way to get the building down the land is worth a lot. The building is full of asbestos and there is no way to cost-effectively get it down


I'm sure the land is a lot but he paid for the land already. I'm sure there was a discount because the shitty building wasn't a feature of the purchase and a hindrance, but that had to cost some coin. Taking it down will cost money too. I can't imagine that won't be several million dollars. So what is the game plan of paying property taxes year in and year out. It's just weird to me but I'm not a real estate mogul. Awaiting the state to cough up money to bail out the eyesore and hazardous structure?
This post was edited on 5/21/21 at 11:15 am
Posted by brewhan davey
Audubon Place
Member since Sep 2010
33081 posts
Posted on 5/21/21 at 11:15 am to
quote:

urban exploration video


That video was posted yesterday - the same day as the debris fell from the tower...

Posted by lsu13lsu
Member since Jan 2008
11713 posts
Posted on 5/21/21 at 11:17 am to
quote:

According to the assessor's website, the taxes on the property for this year are around $44k.


Insane. It was last sold for like $500,000
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