The University of Mary Washington Foundation announced its plans for the first phase of construction for the Park & Shop retail center, now known as Eagle Village.
The UMW Foundation began construction of apartment-style student residences, a secured parking garage, a pedestrian bridge spanning U.S. 1, and new retail, restaurant and “Class-A” office space on seven acres at the northern end of the former shopping center. At a cost of $115 million, construction of Phase I began in March 2009.
The official dedication and ribbon-cutting ceremony was held July 16, 2010. Students began moving into Eagle Landing (the name for the new residence hall) in August 2010.
Eagle Village is a pedestrian-friendly residential and retail mixed-use village for townspeople, students and faculty to shop, live, work and enjoy entertaining facilities, all within a sustainable “green” urban setting.
Eagle Village is owned and managed by the University of Mary Washington Foundation, a private 501(c)(3) organization with a mission to accept, manage and administer assets for the benefit of the University of Mary Washington. As such, no student fees or state funds were used in the purchase or development of the property. The UMW Foundation has a large portfolio of holdings. Its current $50 million-plus in real estate assets includes Eagle Village and the UMW Apartments on William Street, residential housing, office space, and hundreds of acres of undeveloped land in the region. The Foundation’s endowment also supports the university by funding scholarships, professorships, student programming, academic programming and other special projects.