The 21-acre former site of St. Francisville High School being marketed for a residential development called Pecan Grove Bluff has attracted a ‘fair amount’ of interest from Capital Region developers, says Randy Herring with Mike Falgoust & Associates.
Herring says interested parties are completing their due diligence and he hopes to receive an offer or letter of intent to buy the school-district-owned land early next year. The land is being listed for $1.4 million, according to an online listing.
The West Feliciana School District and St. Francisville Area Foundation have been working together to develop the property into a small, medium-density neighborhood within walking distance of downtown St. Francisville and the Mississippi River.
Mike Gennaro of Mike Falgoust & Associates, who’s representing the property with Herring, says the developer who buys the land isn’t obligated to follow the concept.
“West Feliciana School Board is our client, and we want to do anything possible to help them achieve mission, which is to bring rooftops to St. Francisville so they can attract families to fill the schools,” says Gennaro.
West Feliciana Parish Superintendent Hollis Milton is optimistic the land will be sold, and hopes the offer will come from a credible developer who will follow through with a development that will be similar in design to historic St. Francisville.
“The vision for this property is that whatever is developed there will contain the same DNA as the town,” Milton says.
Last week, St. Francisville Area Foundation received a letter of intent from an area developer for a smaller tract of land that’s adjacent to the Pecan Grove Bluff property and was also included in Urban Design Associates’ concept drawing as Cannery Cottages.