(RECAP: Fredericksburg Square‘s owners have shelved various plans for their building at 525 Caroline St. over the years, but never gave up on the thought of making more productive use of their entire property. Now, as demand for owner-occupied housing downtown is on the rise, Van and Deborah Perroy want to tear down the three concrete-block apartment buildings they own behind Fredericksburg Square and replace them with a townhouse development. Riverwalk Square would include three brick town houses facing Sophia Street. The Perroys would also build four more townhouses, plus a five-tale multifamily brick building with seven units on what is now Fredericksburg Square’s 26-space parking lot.)

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