Artist’s renditions of the Petroleum Tower once it’s converted into the Petroleum Tower Lofts.(Source: Downtown Development Authority)
SHREVEPORT, La. (KSLA) — The Petroleum Tower is set to undergo a $30 million redevelopment, breathing new life into the landmark.
“The project will introduce a dynamic mix of residential and retail spaces, setting the stage for future growth in downtown Shreveport,” said Lauren Davidson, marketing manager for the Downtown Development Authority.
Shreveport DDA Executive Director Cedric B. Glover announced that the long-empty tower that legendary mid-century Shreveport developer N.O. Thomas once crowned as “Shreveport’s Best Address” is once again stepping up to compete for that title.
This investment, led by Louisiana Historic Development LLC, will convert the long-vacant structure into 117 modern, market-rate residential units known as the Petroleum Tower Lofts. The ground floor will be dedicated to retail space.
“The Petroleum Tower project is not just about new construction; it’s about breathing new life into a piece of Shreveport’s history,” Glover is quoted as saying. “”By restoring a long-vacant building and repurposing it as a much-needed residential and retail space, we’re making a clear commitment to the future of our downtown. This project will renew the area, create lasting opportunities and lay the foundation for the continued evolution of our community.”
he Shreveport City Council unanimously approved the redevelopment this week.
“This is the type of progressive leadership that we need.” Council Chairwoman Tabatha Taylor is quoted as saying in a statement released about the project. “Downtown is the core and foundation of our city, and I am excited that the DDA has a leadership team headed by Mr. Glover that is working with the administration, city council and developer community to evolve and revitalize it.”
Copyright 2025 KSLA. All rights reserved.