Breeden Construction announces construction completion of Petersburg, VA affordable housing community
Richmond, VA – January 5, 2023 Breeden Construction is proud to announce the completion of a revitalized affordable housing community in Petersburg, Virginia, Pecan Acres. The project was completed for the developer, Petersburg Redevelopment & Housing Authority (PRHA); Breeden Construction served as general contractor.
The $9.2 million project began in March 2021 with demolition of the older multifamily buildings. Development included ground-up construction of five (5) buildings, consisting of a total of 50 townhome and garden-style apartments, as well as a clubhouse complete with community meeting room.
The new Pecan Acres residences include stainless-steel appliances and LVT flooring. The revitalization project is part of Petersburg Redevelopment & Housing Authority’s and the City of Petersburg’s comprehensive plan to rejuvenate and develop more communities in the city.
“We are honored to serve as general contractor for Pecan Acres at a time when access to affordable housing is so vital,” said Breeden Construction President, Brian Revere.
Breeden Construction also serves as general contractor for another Petersburg Redevelopment & Housing Authority community, Pin Oaks. Construction is scheduled to be completed by the end of Spring 2023.
With offices in Richmond, Virginia Beach and Charlottesville, Breeden Construction is ranked by Multi-Housing News as one of the largest multifamily developers in the nation.
Nationally recognized, with over 60 years of expertise in every facet of the industry, The Breeden Company is a vertically integrated real estate development organization that boasts market-leading divisions including commercial real estate, multifamily property management and construction. With a portfolio of over 20,000 apartments and 2 million square feet of retail and office space that have been owned, managed and developed, 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).