Virginia Beach-Based Developer is Expanding its Headquarters
A major player in the Hampton Roads development scene is taking a literal hands-on approach for its newest project: expanding its own office building.
The Breeden Company, a Virginia Beach-based developer with a portfolio of more than 15,000 apartments, plans to break ground this summer on a $2.4 million, 6,558-square-foot expansion project on the building, which is on Lynnhaven Parkway, just off Interstate 264.
The arrangement gives Breeden extensive control over the project timeline, said Tim Faulkner, Chief Operating Officer.
“We have our own construction company,” Faulkner said. “The only part of it we can’t control is the governmental approval process, but we can stay on top of it probably better than most corporate folks can.”
The project is driven by rapid expansion of the company’s property management division and its construction services, Faulkner said. In fact, Breeden Construction’s Virginia Beach office a mile away also added 2,200 square feet to its space recently.
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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).