Fredericksburg’s retail vacancy rate dropped to 6.2 percent in the three months ending June 30, 2014, according to Fredericksburg’s Department of Economic Development and Tourism. It was 7.7 percent for the same period in 2013.
Retail sales tax revenues dropped 1.8 percent and lodging tax revenues dropped 1.3 percent over the same period last year. Meals tax revenue was up 1.4 percent.
Downtown
The department’s Quarterly Retail Report shows downtown’s retail vacancy rate is three percent. Of the 105 retail spaces in the Caroline Street retail corridor (600 – 1100 blocks), 103 are occupied. There are 36 occupied retail spaces of 38 in the William Street retail corridor (100 – 400 block).
Caroline Street Retail Corridor
Recent openings include:
East Coast Vapers, 612 Caroline St.
Bourbon Street Studio Fine Art Photography, 620 Caroline St.
FreeBird Studios, 709 Caroline St.
Fraser Wood Elements, 820 Caroline St.
Virginia Deli, 826 Caroline St.
Sight Studio Optometry, 829 Caroline St.
Lord & Lilly’s, 900 Caroline St.
Recent closings include:
Paula Rose Gallery, 709 Caroline St.
A Place in Time, 804 Caroline St.
C.I.S. Sportswear, 806 Caroline St.
The Mock Turtle, 810 Caroline St. (closing soon)
Tanya M. Richey Studio and Gallery, 817 Caroline St.
Comfort One Shoes, 820 Caroline St.
909 Saloon, 909 Caroline St.
Near future openings include:
Benny’s Vitale’s Pizza, 722 Caroline St. (Fall 2014)
Alan Furs & Bash Boutique, 804 Caroline St. (September 1, 2014)
Sweets on Caroline, 817 Caroline St.
William Street Retail Corridor
Recent openings include:
Kickshaw’s Downtown Market, 101 William St.
Deutschland Downtown, 411 William St.
Recent closings include:
The Orion Sushi Bar & Ultra Lounge, 318 William St.
Near future openings include:
Jay’s Downtown Sports Lounge, 409 William St.
Neuropsychology & Complementary Medicine of Fredericksburg Inc., 417 William St.
Central Park
Central Park is 94 percent occupied, and has just over 102,000 square feet remaining to be filled. There are currently 34 active retail prospects, according to Karen Hedelt, director of Economic Development and Tourism.
Recent openings in Central Park include:
Rebellion Fashion
Pro Martial Arts
Euphoria
Occasions by MK
Potbelly Sandwich Shop
Kids First Swim School is in the first phases of construction.
Eagle Village
There are five active prospects with two leases under negotiation for space in Eagle Village, Hedelt said. The shopping center is 89 percent occupied, with just over 16,000 square feet of open retail space.
Related Stories:
5 Businesses Opening this Weekend in Fredericksburg
Fraser Wood Elements Opens Downtown
Kickshaws Downtown Market Opens July 19
New Shop Fulfilling a Dream
Heritage Becomes Pappagallo Fine Gifts and Imports
Sight Studio Optometry Opens on Caroline St.
The Boutique at Caroline Street Celebrates Loyal Following
The Virginia Deli Opens New Location
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