Breeden Launches Robust 2015 Pipeline with 2 Projects

The Breeden Company has started work this month on two new apartment developments in the Hampton Roads area. The two projects represent a total investment of $55 million and will deliver almost 300 new apartments to the region.

By Adrian Maties, Associate Editor

The Breeden Co. has started work this month on two apartment projects that represent a $55 million investment and will deliver almost 300 units between them.

Parkside at Charles Street

In Newport News, Breeden broke ground this month on the Parkside at Charles Street. The $20 million project calls for the construction of seven wood-framed garden apartment buildings with 148 units.

Parkside at Charles Street will offer one-, two- and three-bedroom apartments. Amenities include a fitness center and a swimming pool. According to Breeden, the first residents will be able to move into during the fourth quarter. Completion is scheduled for the summer of 2016.

Aqua on 25th Street

In Virginia Beach, Breeden started work on Aqua on 25th Street. This $35 million development is located adjacent to iFLY Virginia Beach and the new municipal parking garage. It will offer 147 one-, two- and three-bedroom luxury apartments.

The two projects represent only the tip of the iceberg for Breeden’s 2015 plans in the region. The company is also looking to start work on The Marq in Virginia Beach (264 units), Eagle Harbor West in Carrollton (208 units), Harbor Vista at Crawford Street in Portsmouth (134 units), and The Village at Westlake in Richmond (252 units).

Photo credits: The Breeden Company