Breeden Company Breaks Ground on Harbor Vista at Crawford Street
FOR IMMEDIATE RELEASE
JULY 14, 2015
PORTSMOUTH, VA – The Breeden Company officially broke ground on Harbor Vista at Crawford Street in Portsmouth, Virginia on Tuesday morning, July 14th. Mayor Wright and EDA Chairwoman Lisa Lucas-Burke both spoke at the ceremony, which brought several years worth of hard work to a new beginning.
The five-story, $17 million investment from The Breeden Company will be called Harbor Vista at Crawford Street and will be available to rent by the summer of 2016. The community will feature a state-of-the-art fitness facility and a roof deck lounge that overlooks the marina. The one- and two-bedroom apartments will have 9 ft ceilings, granite countertops, pendant and recessed lighting with both carpeted and wood flooring. Average rents will range from $1150 for one-bedrooms and $1450 for two-bedrooms.
This project is expected to be followed by another luxury community at the North Pier site that sits adjacent to the nTelos Pavilion. The North Pier site would be purchased for $2 million in the summer of 2017 and would be a $25 million investment from The Breeden Company. The combined real estate taxes for both sites would eventually add $475,707 in annual revenue to city coffers.
Harbor Vista will be one of several additions to The Breeden Company’s national award-winning Enriched Lifestyle brand planned for 2015. The MARQ. in Virginia Beach (264 units), The Village at Westlake in Richmond (252 units) and Eagle Harbor West in Carrollton (208 units) are all Enriched Lifestyle Communities scheduled to break ground in 2015. Additionally, Aqua on 25th Street in Virginia Beach (147 units) and Parkside at Charles Street in Newport News (148 units) broke ground in January. The projects combine for over 1100 units. Breeden Construction will be the General Contractor for all projects.
About The Breeden Company:
The Breeden Company is a nationally recognized real estate services company with over 50 years of expertise in every facet of the industry. Breeden Property Management, Breeden Realty and Breeden Construction are the three major subsidiaries of The Breeden Company, with a combined portfolio of nearly 10,000 apartments, over 2 million square feet of retail and office space and an additional 1,700 residential homes. Both Breeden Property Management and Breeden Construction are national award winners on their own merit and provide third party services to select clients. Family-owned and operated since 1961, The Breeden Company has grown into one of the most valued real estate development firms on the East Coast.
-For supplemental multimedia or information regarding this story, please contact Peyton Tata-
DANA E. WILSON
PUBLIC RELATIONS MANAGER
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