Breeden Construction announces construction completion of Portsmouth, VA affordable housing community
Breeden Construction is proud to announce the completion of an affordable housing redevelopment project in Portsmouth, VA, Lexington Place. The project was completed for the developers, Pennrose and Portsmouth Redevelopment and Housing Authority; Breeden Construction served as the general contractor.
The $12.5 million project began in January 2020. The project was completed prior to the scheduled delivery date. Breeden Construction brought its long-standing development and operational expertise to the redevelopment of Lexington Place Apartments, considered to be an integral piece of the evolving Portsmouth, VA fabric.
Lexington Place is located off Frederick Boulevard. Phase 1 redevelopment included demolition and new construction of 72 residences as well as a new clubhouse and 1.4 acres of green space. The construction project meets EarthCraft and VHDA standards.
With offices in Richmond, Charlottesville and Virginia Beach, 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).