City of
Fredericksburg:
“A local businessman plans to transform an abandoned
hydroelectric power plant on the Rappahannock River in Fredericksburg into a
restaurant and build adjacent residential condominiums. Ed Whelan and his
family last week bought a riverfront property near the intersection of Caroline
and Ford streets where the Virginia Electric and Power Company used to run a
hydroelectric plant. Whelan’s family, through a limited liability company
called Dreamland, bought the 3.93-acre property from an LLC headed by Hugh
Cosner, a former Spotsylvania County supervisor who has owned the property at
least in part since 1979 and who had also long envisioned a restaurant in the
plant known as the former Embrey Power Station.
Whelan, who owns The Inn at the Olde Silk Mill across
Caroline Street from the property, said he started talking to Cosner about
buying the property last year. The sales price was $1 million. Whelan plans to
turn the long-abandoned, graffiti-covered plant into a multilevel restaurant,
perhaps with a rooftop bar and other outdoor seating overlooking the river.”
~ Writes Bill Freehing of the Free Lance–Star
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