50 Cent’s Next Shreveport Score? Downtown’s $2.4M Building Hits Auction Block

Is Shreveport's downtown about to see another power move from 50 Cent? The old CenterPoint Energy building, downtown on the corner of Milam and McNeill, is set for auction on July 7th and was last valued at $2.4 million. With 50 Cent already having invested so much in Shreveport, could this be his next big acquisition, bringing G-Unit Studios to Shreveport closer to reality?

The 14-story office building at 525 Milam Street in Shreveport is currently listed online for an auction starting on July 7, 2025. The starting bid for the office is $250,000, but looking at the last time this building was on the market, it had a price tag of $2.4 million. Shreveport's downtown has long awaited a revitalization, and the outcome of this auction for such an important building could truly shape the city's future.

50 Cent has already invested over $4 million into Shreveport with plans to create something of a new Hollywood right here in the Red River City with G-Unit Studios. His commitment to the development of Shreveport is undeniable. With a significant building downtown set for auction, it's only natural to speculate that the hip-hop mogul might have an eye on it. Could this property be the next step in revitalizing Shreveport's downtown, and will 50 Cent be the catalyst to make it happen?

The building was sold back in 2023, but the owner never took any action with it before passing the property on. Across the street from the courthouse downtown, previous listings claim the building has an impressive 4,025 square feet. Maybe keep an eye on this auction, it could be 50 Cent's next big move.