{"id":1004052859,"date":"2011-12-11T20:54:25","date_gmt":"2011-12-12T04:54:25","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=27458"},"modified":"2022-12-08T20:31:44","modified_gmt":"2022-12-09T04:31:44","slug":"plaza-tower-to-become-m-u-community-stirling-to-break-ground-in-st-tammany","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/plaza-tower-to-become-m-u-community-stirling-to-break-ground-in-st-tammany\/","title":{"rendered":"Plaza Tower to Become M-U Community; Stirling to Break Ground in St. Tammany"},"content":{"rendered":"<p>By Amalia Otet, Associate Editor<\/p>\n<p>The long-vacant Plaza Tower, third-tallest <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/12\/PlazaTower.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-27470\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/12\/PlazaTower.jpg\" alt=\"\" width=\"250\" height=\"333\" \/><\/a>building in both New Orleans and the state of Louisiana, recently sold for $650,000 to a local commercial real estate manager at a private auction. The sale was conducted by a joint venture of Corporate Realty and DJM Realty.<\/p>\n<p>The new owner, Bryan Burns, senior vice president of Transwestern, announced plans to restore the New Orleans landmark building and turn it into a mixed-use development that will include a mix of condominiums, offices and shops, according to a <em>Times-Picayune<\/em> story.<\/p>\n<p>Built in the 1960s, the 45-story skyscraper located at 1001 Howard Ave. in the Central Business District is currently zoned for retail, office and residential use.<\/p>\n<p>In other development news, Stirling Properties plans to break ground next spring on the first phase of a six-building office park in St. Tammany Parish; if it comes to fruition, the project could increase the amount of office space in the western part of the parish by about 40 percent, as reported by the <em>Times-Picayune<\/em>.<\/p>\n<p>The buildings, which will provide 600,000 square feet of premier office space, will be part of River Chase, a master-planned, mixed-use development in western St. Tammany Parish. When complete, the development will consist of more than 1 \u00a0million square feet of office space, 1 million square feet of retail space, 240 apartments, 250 condos, two hotels, numerous restaurants and other retail uses, according to company statements.<\/p>\n<p>All six buildings at River Chase could be constructed in the next five to seven years, if office space demand follows the same ascending trend.<\/p>\n<p>&#8220;We used to live in the commuter world, where people wanted to live in the suburbs and work in the Central Business Distinct.&#8221; Townsend Underhill, Stirling&#8217;s vice president for development, told the <em>Times Picayune<\/em>. &#8220;Now people want to live and work nearby.&#8221;<\/p>\n<p>Photo credits to Infrogmation of New Orleans, via wikipedia.org<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Amalia Otet, Associate Editor<br \/>\nThe long-vacant Plaza Tower, third-tallest building in both New Orleans and the state of Louisiana, recently sold for $650,000 to a local commercial real estate manager at a private auction. The sale was conducted by a [&#8230;]<\/p>\n","protected":false},"author":260,"featured_media":1004505425,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1599,21742],"tags":[],"class_list":["post-1004052859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-orleans","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Plaza Tower to Become M-U Community; Stirling to Break Ground in St. Tammany - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/plaza-tower-to-become-m-u-community-stirling-to-break-ground-in-st-tammany\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plaza Tower to Become M-U Community; Stirling to Break Ground in St. Tammany\" \/>\n<meta property=\"og:description\" content=\"By Amalia Otet, Associate Editor The long-vacant Plaza Tower, third-tallest building in both New Orleans and the state of Louisiana, recently sold for $650,000 to a local commercial real estate manager at a private auction. 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