SHREVEPORT, La. – A long empty downtown tower once crowned as Shreveport’s best address is once again stepping up to compete for that title.
Shreveport DDA Executive Director Cedric Glover said in a news release Thursday the Petroleum Tower is about to undergo a $30 million investment to convert it to 117 modern residential units, with the ground floor being retail space.
Glover credited Mayor Tom Arceneaux and the Shreveport City Council for pushing the project forward. Tuesday, the council unanimously approved the redevelopment
“The redevelopment of the Petroleum Tower marks a major milestone in our efforts to reimagine and reinvigorate our downtown core,” said Arceneaux said in the release. “This project transforms an underutilized asset into a vibrant residential community and supports our vision for a dynamic, thriving Shreveport.”
The project is led by Louisiana Historic Development LLC.
