Breeden Closes on Multifamily Site in Norfolk, Virginia

For Immediate Release: June 25, 2019
533 Front Street
NORFOLK, VIRGINIA – The Breeden Company is pleased to announce the purchase of 4.19 acre prime waterfront parcel along the Elizabeth River at 533 Front Street in Norfolk, Virginia for $3.3 million. 
 
Breeden Construction will build the 258 unit, five-story multifamily development with an internal parking garage consisting of 387 dedicated spaces. Breeden Property Management will manage the mixture of studio, one-, two- and three-bedroom residences with stunning views of the Fort Norfolk waterfront with a pedestrian walkway along the Elizabeth River that enhances the boundary of the property along with renovations to the shoreline. 
 
“The complex design structure of the project and the growth potential of the area sparked our interest,” said Timothy A. Faulkner, chief operating officer of The Breeden Company. “We look forward to developing this project in the City of Norfolk and providing an exceptional product to potential residents.”
 
The waterfront development is adjacent to Sentara Norfolk General Hospital, EVMS, Harbor’s Edge, Children’s Hospital of the Kings Daughters, People for the Ethical Treatment of Animals, the Elizabeth River Trail.
Posted in: Aquisitions, Construction, Residential
About The Breeden Company

Nationally recognized, with 60 years of expertise in every facet of the industry, The Breeden Company is a vertically integrated real estate development company that boasts market-leading divisions including commercial real estate, multifamily property management and construction. With a portfolio of over 15,000 apartments that have been owned, managed and developed, as well as over 2 million square feet of retail and office, The Breeden Company is one of the premier real estate development firms in the nation. Breeden Realty is one of the top commercial real estate firms in Virginia (Virginia Business, 2021); Breeden Property Management is one of the top multifamily property management firms in the country (Multi-Housing News, 2021); Breeden Construction, the much-acclaimed multifamily general contractor for numerous third-party clients, is one of the top multifamily builders in the country (Multi-Housing News, 2020). 

Media Contact

Christine Gustafson
Vice President of Marketing & Public Relations