1901 Princess Anne St

Germania Mill in the Mill District is a mixed-use project to be developed and built on an assemblage comprised of four parcels of land containing approximately 1.35 acres. The site is located on the Princess Anne Street Corridor seven blocks from the downtown core of Fredericksburg, 12 blocks from the Fredericksburg VRE/Amtrak train station, and mid-way between William Street/Business Route 3 and the Route 1 Corridor. Having views of the historic Rappahannock River, the site is also bordered on two sides by the multi-use Heritage Trail, a trail linking downtown Fredericksburg and Central Park, and forming a loop with the Canal Trail. One of the parcels is improved with an historic grain tower, built in the early 1900’s, with a height of approximately 80 feet and a footprint of approximately 40 by 40 feet.
The approved residential density of the site is 70 units, which can consist of either apartments and/or condominiums. Note that the total entitlement is 90 units, of which 70 units have been allocated by the owner/seller to the subject site. An amendment to the City Uniform Development Ordinance (UDO) is currently pending that may provide for bonus density. Initial conceptual site-planning and architectural drawings are available for the project.
Property is being brought to market unpriced. Seller will consider creative but reasonable deal structures, as well as packaging additional contiguous/nearby parcels including additional residential density.