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Old Posted Apr 29, 2006, 4:37 AM
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Join Date: Jul 2005
Location: Miami/Baton Rouge
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Crescent City Towers



revised rendering with maroon and gold tones



New condo project launched in CBD

NEW ORLEANS — The Plaza Tower, a city skyscraper notorious for mold
contamination claims, is being reborn. The new cluster of condominiums in the old office space officially went on the market Wednesday.

In the lobby of the 44-story, 1960s-era building at 1001 Howard Ave., people
sipped wine, sampled hors d'oeuvres and listened to a live jazz band while checking out condo floor plans on display. The building is being developed by Edward Giannasca Jr., president and CEO of Giannasca Development Group LLC, which also has offices in New York and Baltimore. Other developers include Giannasca's friend, Michael McCreary, a former defensive end
for the National Football League's Baltimore Ravens, Robert Katz and Glenn
Rushton.

Plans to renovate the the Central Business District building into Crescent City
Towers were under way before Hurricane Katrina. The total number of planned units is 190, slightly more than the 175 planned in August before Katrina. Development costs range from $100 million to $150 million.

Last edited by fla_tiger; May 14, 2006 at 3:07 AM.
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