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Eagle Village Planning Eagle Village

The University of Mary Washington Foundation announced its plans for the first phase of construction for the Park & Shop retail center, now known as Eagle Village.

The UMW Foundation has begun construction of apartment-style student residences, a secured transportation center, a pedestrian bridge spanning U.S. 1, and new retail, restaurant and “Class-A” office space on seven acres at the northern end of the shopping center. At a cost of $115 million, construction of Phase I began in March 2009 with an estimated completion date of summer 2010. (Click here to view a video of the construction progress.)

Eagle Village will be a pedestrian-friendly residential and retail mixed-use village for townspeople, students and faculty to shop, live, work and enjoy entertaining facilities, all within a sustainable “green” urban setting.

“Our announcement marks the beginning of a long-term effort to not only enhance the UMW experience for our students, but also to provide benefits for residents of the City of Fredericksburg,” said UMW President Judy Hample. “I am proud to be working with the City to explore innovative ways to improve our community together.”

Eagle Village is owned and managed by the University of Mary Washington Foundation, a private 501c3 organization with a mission to accept, manage and administer assets for the benefit of the University of Mary Washington. As such, no student fees or state funds are being used in the purchase or development of the property. The UMW Foundation has a large portfolio of holdings. Its current $50 million-plus in real estate assets includes Eagle Village and the UMW Apartments on William Street, residential housing, office space, and hundreds of acres of undeveloped land in the region. The Foundation’s endowment also supports the university by funding scholarships, professorships, student programming, academic programming and other special projects.

More detailed information is available on this Web site. We are hoping to hear your ideas as well. Please forward your comments and suggestions by using the feedback form. We look forward to updating you as this exciting project comes to life!