UMW Foundation Hotel, First to Benefit from State Program

An architect's rendering of the Hyatt Place at Eagle Village

A five-story Hyatt Place hotel slated for construction next month by the University of Mary Washington Foundation will be the first to benefit from the new Virginia Tourism Development Financing project, an incentive program adopted by the Virginia General Assembly in 2011. The announcement was made today from the office of Gov. Bob McDonnell. “Virginia’s tourism industry provides thousands of good, quality jobs across the state, which is why I have made tourism a key part of my economic development initiatives,” said Gov. McDonnell in a news release.  “In 2011, we passed legislation creating the Tourism Development Financing Program to help increase tourism and new business in Virginia.  Tourism is a multi-billion dollar industry in Virginia that supports hundreds of thousands of jobs in the state.  The Tourism Development Financing Program allows identified, locally-approved tourism projects to retain a portion of local and state sales tax to complete financing for a … [Read more...]

UMW Foundation Releases Preliminary Renderings for Eagle Village Hotel

Rendering.1

Plans are moving forward for the University of Mary Washington Foundation’s construction of a $14 million-plus select-service hotel in the second phase of the Eagle Village mixed-use development across U.S. 1 from the Fredericksburg campus of the University of Mary Washington. Construction is scheduled to begin in the spring of 2012. The five-story hotel, to be located between Giant Food and the Eagle Village Executive Offices, will feature 93 studio rooms or suites, several meeting and conference rooms for public use, and a 24-hour food and beverage service for guests. The 66,500-square-foot facility also will include an indoor pool and a fitness center. In addition, the building will house approximately 1,600 square feet of retail space, possibly a day spa, according to Jeff Rountree, CEO of the UMW Foundation and President, Eagle Property Holdings, LLC. Construction will begin when demolition of the shopping center north of Giant is complete. The hotel is expected to open by … [Read more...]

Sweet Frog Frozen-Yogurt Chain to Locate in Eagle Village

UMW pedestrian bridge_ee

The University of Mary Washington Foundation has announced that Sweet Frog, a popular Richmond-based frozen-yogurt chain, will locate in Eagle Village adjacent to the university. A March opening is planned. “We have long wanted to attract this type of business to Eagle Village due to student and faculty feedback that was collected in the early stages of this project,” said Jeff Rountree, CEO of the UMW Foundation and president of Eagle Property Holdings, LLC. “The frozen-yogurt industry has exploded in the past few years with Sweet Frog, in particular, opening over 50 locations in just the past two years.” Raven Williams, senior sales and development manager for Sweet Frog, said the chain selected the Eagle Village location because of its accessibility and inviting atmosphere. “At Sweet Frog, we want to be more than just a dessert place, we want to be a part of the community and we were impressed with the community feel of Eagle Village,” said Williams. Eagle Village will be … [Read more...]