A 90-unit gated subdivision called Fieldstone Park is planned for Staring Lane in south Baton Rouge, with the developers hoping to begin building out the 15-acre tract early next year.
The property is midway between Highland and Perkins roads, and the planning commission will consider the subdivision at its November meeting.
Staring Lane was widened a few years ago to four lanes, and Nick FaKouri, who is partnering with Arthur Lancaster on the deal, called it a growing “transitional” area ripe for development between two main thoroughfares.
If all goes well, FaKouri plans to sell the lots to several different builders in the first quarter of 2018, assuming the city-parish grants all the necessary approvals by the end of the year.
“To find 15 to 20 acres not in the flood zone in East Baton Rouge Parish is pretty good,” FaKouri says. “Fortunately it’s just a good time for real estate.”
Lots will go for around $60,000, he says, and he anticipates home prices will be around $300,000. The average lot size will be roughly 45 by 110 feet.
—Sam Karlin
