New mixed-use project for Fredericksburg
A local Fredericksburg developer plans a new mixed-use project on property he recently purchased at the corner of the city’s William and Prince Edward streets.
According to Cushman & Wakefield | Thalhimer, JON Properties LLC purchased 425 William Street, a downtown parcel, for an undisclosed price. It plans to develop the property into a mixed-use building known as Park View that would offer a bank on its ground floor with residential condos above.
Jamie Scully of Thalhimer handled sale negotiations on behalf of the seller.
According to the Free Lance Star, the local developer is Mike Degen, and the project is one of three mixed-use projects planned William and Amelia Streets.