Long Farm developer Russell Mosely’s deal to sell 65 lots to national homebuilder D.R. Horton closed for $4.7 million, according to documents filed with the city-parish.
Long Farm, which is under way on 237 acres of farmland bounded by Barringer Foreman Road, Jefferson Highway and Airline Highway, will ultimately have 425 single-family homes and 40 townhomes on 120 acres.
Mosely has a purchase agreement with Rouses Market to anchor the 35-acre retail portion of the development, which will have about 600,000 square feet of shops, restaurants and office space.
The first residents of Long Farm are expected to move in late this summer.