The West Feliciana School Board took another step Monday in its quest to sell about 19 acres of land in St. Francisville, signing a listing deal with real estate firm Mike Falgoust & Associates.
The property, on Feliciana Street, next to the Pecan Grove Neighborhood, is some of the last available land for development in that town. It’s listed at $1.4 million, according to an announcement from Mike Falgoust & Associates.
The school board said in June it planned to hire a broker by July 26 to sell the land within 6 months to a developer. The property is the former site of St. Francisville High School, which closed in 1979.
“They are looking for a local developer that will protect the integrity of the historic fabric of the town,” says Mike Gennaro, with Mike Falgoust & Associates.
The school district and St. Francisville Area Foundation have been working together to develop the property into a neighborhood within walking distance of downtown St. Francisville and the Mississippi River, for more than a year.
The potential neighborhood is the latest effort to develop in a West Feliciana residential market that has historically lacked supply—especially for first-time homebuyers and middle-class professionals.
Article Provided by The Business Report | Daily Report Staff | August 16, 2018
https://www.businessreport.com/article/west-feliciana-school-board-sell-land-residential-development