Construction to start on $66M Pinnacle Apartments in Virginia Beach, VA
The Breeden Company, the nationally recognized Virginia Beach-based real estate development firm, announced today that construction is underway on The Pinnacle on 31st Street, a $66 million multifamily project at the Oceanfront area of Virginia Beach. Breeden Construction will serve as general contractor on the project. The Breeden Company’s Property Management division will manage the asset once construction is complete. The project is located in the ARTERY corridor at 31st Street.
“There is nothing like this property in the sub-market,” says Tim Faulkner, Chief Operating Officer of The Breeden Company. “The amenities are unparalleled. We are also proud to develop yet another luxury project in The City of Virginia Beach, allowing residents more access to the Oceanfront area and investing more dollars into the City.”
The Pinnacle on 31st Street will offer 240 one, two, and three-bedroom luxury apartments including several penthouse layouts. The single building is set on 2.264 acres. Units range in size from 775 square feet to 1,391 square feet and will be available in early 2023.
Amenities include a clubhouse with a resort-style lobby, co-working spaces, a 24-hour state-of-the-art fitness center, multiple rooftop lounges and rooftop dog park, and pool with lazy river and multiple lounge areas.
With a project of this caliber there was only one suitable name, “The Pinnacle.”
The Breeden Company has assembled an exceptional team to execute this project:
Breeden Construction (Virginia Beach, VA) – Construction and Development
Breeden Management (Virginia Beach, VA) – Leasing and Property Management
Tymoff+Moss (Virginia Beach, VA) – Architect
Lu Gay Lanier – Landscape Architect
Structural Consulting Group (Alpharetta, GA) – Structural Engineer
Vrettos Pappas Consulting Engineers (Charlotte, NC) – PME Engineer
Shelton Taylor & Associates (Charlotte, NC) – Interior Decorator
To follow the Pinnacle project, visit www.breedenconstruction.com.
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).
Vice President of Marketing & Public Relations