New Orleans' third-tallest building, which has sat unused for a dozen years, has been sold.
New Orleans CityBusiness reports one of the owners of the 45-story Plaza Tower confirmed Thursday's sale, which comes nearly three years after they bought the building at auction for $650,000.
Bryan Burns, a partner in JSW Plaza Tower LLC, says the 1960s-era skyscraper has changed hands for an undisclosed amount. He would not disclose the new owners of the property, which has been vacant since 2002 after toxic mold and asbestos were discovered in the building.
Several attempts have been made to revitalize the property. When the building was purchased in 2011, Burns and his partners planned to redevelop it into a mixed-use facility that would house apartments, office space and retail shops.
