News Summary
G-Unit Film & Television, owned by Curtis ’50 Cent’ Jackson, has purchased two historic properties in downtown Shreveport for $620,000. The buildings, located at 205 and 218 Texas Street, will contribute to ongoing revitalization efforts in the area. The acquisitions are part of a larger plan that includes transforming properties into entertainment venues, enhancing cultural vibrancy, and creating job opportunities in the community.
Shreveport – G-Unit Film & Television, LLC, owned by Curtis “50 Cent” Jackson, has expanded its presence in downtown Shreveport by purchasing two historic properties located at 218 and 205 Texas Street. The purchase was finalized on May 31, 2024.
Overall, the acquisition included 205 Texas Street, which sold for $345,000 and encompasses 7,200 square feet. This building has previously served as venues for nightlife, including Chicky’s Boom Boom Room and the Inferno Cigar & Hookah Lounge. The second property, 218 Texas Street, spans 13,388 square feet and sold for $275,000, although it has been vacant for a longer period and requires more substantial rehabilitation.
The two properties are positioned directly across from each other, yet they belong to different zoning sub-districts. The building at 205 Texas is located in the entertainment sub-district, while 218 Texas is situated in the central business district sub-district. Details regarding the specific future uses of these properties have not been disclosed, and the closing of the deal occurred without the presence of either party involved.
Representing the sellers was Richard John, an attorney who noted the deal’s importance for the neighborhood. Commercial real estate broker Beth King shared a positive outlook on the continued investment in Texas Street, indicating a sign of revitalization in the area. The re-occupation of these properties is seen as a significant step forward for the community.
G-Unit is already engaged in a long-term project in Shreveport, holding a 30-year lease with the city for the former Millennium Studios located at 300 Douglas Street. The company is also in the process of securing final approvals for a similar lease concerning the former Expo Hall/Stageworks facility at 400 Clyde Fant Parkway.
The plans for the Expo Hall include transforming the space into a sports and entertainment venue. This venue is expected to host a variety of events, including basketball, volleyball, boxing, and concerts, thereby enhancing the entertainment offerings in the region.
In addition, 50 Cent has announced intentions to host a Humor & Harmony festival in August 2024 in Shreveport. The event will utilize an inflatable structure in a designated parking lot to accommodate attendees, further indicating G-Unit’s commitment to engaging with the local community.
The acquisition of these properties and the planned developments by G-Unit underscore the ongoing revival and investment efforts in Shreveport’s downtown area. As initiatives unfold, the significance of these new entertainment venues could contribute to enhanced cultural and social vibrancy within the city.
The revitalization efforts are expected to create potential job opportunities and foster an environment that attracts both residents and visitors to the downtown area, marking a hopeful stage for Shreveport’s future.
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Additional Resources
- Shreveport Bossier Advocate: 50 Cent Purchases Two Downtown Shreveport, LA Buildings
- Wikipedia: Shreveport
- Shreveport Bossier Advocate: The Standard 509 Market
- Google Search: Shreveport business news
- Shreveport Times: Downtown Shreveport Living Options Growing
- Google Scholar: Shreveport business
- Shreveport Bossier Advocate: 710 Travis – Former Marlene Yu Museum for Sale
- Encyclopedia Britannica: Shreveport
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
