Breeden Construction Set to Develop Luxury Apartments in Norfolk, Virginia
Breeden Construction, a nationally acclaimed multifamily builder, is pleased to announce they have been awarded the contract to serve as general contractor to develop Gravity 400 Apartments in Norfolk, Virginia, a luxury multifamily project owned by Marathon Development. The $45.8 million construction project includes development of 273 multifamily units as well as a fitness room and pool. The project will ultimately be five stories of apartments on top of one ground floor – designated for parking and common areas.
Construction is set to begin late November 2021 and take approximately 22-months to complete. “We are pleased to serve as general contractor for Marathon Development and look forward to continuing development work in the downtown Norfolk submarket,” says Brian Revere, President of Breeden Construction.
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).