lindley (1)

Business Insider

Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

RSS feed of this blog

Plan back on for mixed-use building

A local developer is again planning a mixed-use project on a vacant William Street lot in downtown Fredericksburg.

Mike Degen’s plans for the Park View project at 425 William St. will be before Fredericksburg’s Architectural Review Board for public hearing May 12.

Degen now plans a four-story building on his lot. The plan shows Waldorf, Md.-based Community Bank of the Chesapeake opening a street-level branch. There would be either one or two residential condominiums on the second floor, and one unit each on the third and fourth floors.

Separate garages would be built for residents, and there would be parking for bank customers behind the building. A drive-through window for bank customers would be created between the new building and the adjacent one at 417 William St.

Degen had originally planned the mixed-use approach before Community Bank of the Chesapeake expressed interest in buying the lot and building a two-story branch. The two sides continued to talk, and the plan evolved into the one coming before the ARB later this month.

Community Bank of the Chesapeake has a branch in the Dahlgren area of King George County and a commercial lending office in the Central Park Corporate Center in Fredericksburg. The bank plans to open a full-service branch at 1340 Central Park Blvd. this summer.