It's one of the oldest buildings in downtown New Orleans. A new owner has renovation plans.
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The Bank of Louisiana building on St. Charles Ave., one of the oldest in the Central Business District, has been purchased by New Orleans builder Ryan Gootee and two partners who plan to renovate parts of the historic structure.
Gootee, his business partner, Michael DeGruy, and local attorney Richard Roth bought the four-story building for $1.5 million earlier this month. They plan to spend a still undetermined amount on repairing its plaster façade and updating its interior.
The building, which dates to the 1850s and sits on a high-profile corner at St. Charles Avenue and Gravier Street, is the latest historic property in the heart of the CBD to change hands in recent years. Unlike most of the others, however, the building will not be converted to apartments, short-term rentals or a hotel, Gootee said.