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Former Federal Reserve Bank building in New Orleans purchased by local business owners

Gems and precious metals dealer plans to repurpose fortress-like building for its business
Corporate Realty recently arranged the sale of the former Federal Reserve building on Carondelet and Common streets to the owners of  New Orleans Silver and Gold, a local gems and precious metals dealer, who plan to repurpose the former New Orleans branch of the federal central bank for its business. (CoStar)<br>
Corporate Realty recently arranged the sale of the former Federal Reserve building on Carondelet and Common streets to the owners of New Orleans Silver and Gold, a local gems and precious metals dealer, who plan to repurpose the former New Orleans branch of the federal central bank for its business. (CoStar)
By Frank Davis
April 28, 2025 | 6:49 P.M.

In a notable recent property transaction within the New Orleans real estate market, the old Federal Reserve building on Carondelet and Common streets, known as the Security Center, was purchased by a pair of local businessmen who plan to repurpose the building for their business operations, according to local news reports.

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