- There were 99 homes sold last week in the Fredericksburg region, according to the Fredericksburg Area Association of Realtors, including a $1.5 million sale in downtown Fredericksburg. Check back weekly for the new list.
- FXBG Compost is the focus of this week’s Biz Beat Clips video.
- Longtime FBI profiler and hostage negotiator Clint Van Zandt, who lives in Fredericksburg, is the guest on this week’s edition of the Biz Beat Banter podcast.
- The Bubblebee tea room announced last week on Facebook that it will close its shop at 1005 Princess Anne St. in Downtown Fredericksburg on June 1. The business is looking at new spaces in the region and plans to re-open this fall.
- Free Press reporter Taft Coghill has a great feature article about a butcher shop in the Ladysmith area called The Meat Hook, whose owner overcame family tragedy to keep the business open.
- Downtown Fredericksburg restaurant Pimenta is now under new management, according to a Facebook post. It’s now run by K&K Island Spice and Produce, which has a Caribbean-product store at 4004 Lafayette Blvd. in Spotsylvania County.
- The City of Fredericksburg recently published a statistical report for the first three months of 2025. The report features data on business-related tax revenues, vacancy rates, commercial sales, new-business openings and more.
- Financial brokerage firm Cary Street Partners recently announced that it has received an investment by CIVC Partners to facilitate the firm’s growth plans. The firm also recently acquired IFS Advisors Inc., a Florida-based wealth-management firm. Cary Street is based in Richmond but has a significant presence in Downtown Fredericksburg.
- The TRU Aesthetics medspa and wellness center at 410 Pelham St. in Fredericksburg is holding a grand opening June 13-14.
- The Barking Barley, a dog-friendly beer house at 1515 Olde William St. in Fredericksburg, is targeting a July opening.
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Data centers are proposed on the 84-acre property on the east side of Interstate 95 at Exit 130.
Up to 2.1 million square feet of data centers are proposed at the 84-acre property at 1500 Gateway Blvd. in Fredericksburg (the Hylton property, right off Interstate 95 at Exit 130 between Cowan Boulevard and Plank Road). The applicant, 1500 Gateway Venture LLC, needs a rezoning and a special-use permit from City Council. The special-use permit proposes allowing building heights of up to 90 feet and potable-water uses of up to 300,000 gallons per day for industrial cooling. The Generalized Development Plan shows an electrical substation at the corner of Cowan and an extended Gateway Boulevard, and data centers along I-95. The project had been scheduled to be before the Fredericksburg Planning Commission on Wednesday (May 28), but the hearing was postponed. The City recently approved a Technology Overlay Zoning District in Celebrate Virginia South that would allow data centers there by-right. Project materials for the Hylton property are on the City’s FTP site.
- Fredericksburg Chinese restaurant Peter Chang is expected to close by the end of May.
Biz Beat Roundup runs every Wednesday morning and includes a roundup of business news from around the Fredericksburg region. Send submissions to: [email protected]
