A 15-acre tract on Staring Lane has been sold for $1.4 million to a group of developers who plan to build a single-family development on the property.
Doxa LLC, which is made up of William FaKouri and Art Lancaster, bought the land in a deal that closed Tuesday. The property is midway between Highland and Perkins roads, near Staring Court.
Scot Guidry, an agent with Mike Falgoust and Associates, represented FaKouri and Lancaster. He said they plan to build Fieldstone Park, a 91-lot subdivision on the site. The city-parish Planning Commission approved plans for the development at its November meeting.
Bill Jeansonne, of Saurage Rotenberg Commercial Real Estate, represented the group of sellers.