Bonaventure Celebrates Grand Opening of Attain at Towne Centre

On April 16, Bonaventure celebrated the opening of a new multifamily community on the former Sears lot at Fredericksburg's Spotsylvania Towne Center Mall. The project broke ground in April 2022 and was completed on schedule. The project is expected to create over $1.15 million in tax revenues and has 271 rental units. Bonaventure press release: Bonaventure, an integrated alternative asset manager focused on the development, construction and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, hosted the grand opening of Attain at Towne Centre – a 271-unit Class A multifamily community that replaced the former Sears anchor at Spotsylvania Towne Centre mall in Fredericksburg, Virginia. The community, which broke ground in April of 2022 and delivered on-time, is part of a bigger revitalization effort for the mall and brings a high-quality rental housing option to Fredericksburg’s growing population.

“This project was truly exceptional because we had the opportunity to partner with Cafaro Properties to help densify Fredericksburg’s premier retail center and ensure it has the supporting foot traffic and patronage from new residents who will add to the live, work and play experience of the property,” said Dwight Dunton, founder and CEO of Bonaventure. “We’re proud to deliver an in-demand rental housing option that will complement the mall’s tenants to make Spotsylvania Towne Center an in-demand destination for years to come.”

Prior to the ground breaking, an impact study estimated the project would have significant economic impact throughout Fredericksburg, creating more than 380 construction-related jobs and generating more than $1.15 million in real estate and other tax revenues.

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