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Tag: The Breeden Co.

Breeden Construction to build $38.9M apartment complex additions

Virginia Beach-based real estate development firm The Breeden Co.’s general contracting company announced Thursday that it has been contracted to develop the $38.9 million second phase of Center West Apartments in Midlothian, not far from the Westfield Commons Shopping Center.

Charlottesville-based Castle Development Partners owns the multifamily project, which was referred to as Watkins Centre in the $30.3 million first phase, for which Breeden Construction LLC was the general contractor. In the second phase, Breeden Construction will add 252 apartment units to the existing 200 apartments for a total of four four-story buildings. The apartments will be a mix of one-, two- and three-bedroom units. Construction is set to begin in November and be completed in about 18 months.

“We are pleased to serve as general contractor again for Castle Development Partners and look forward to expanding such a beautiful apartment community,” Breeden Construction President Brian Revere said in a statement.

The Breeden Co. names CFO for Breeden Construction

Virginia Beach-based real estate development firm The Breeden Co. has promoted Angie Loew to vice president and chief financial officer of its Richmond-based Breeden Construction division.

Loew joined Breeden in 2004 as a commercial accountant and served most recently as divisional controller of the company’s general contracting division.

Loew will be responsible for all financial oversight and regulatory compliance duties for Breeden Construction, as well as overseeing audit and review functions and assisting the executive management team in establishing long-range goals, strategies, plans and policies.

“With her combination of experience and leadership skills, as well as her thorough knowledge of Breeden Construction’s financial operations, Angie was the obvious choice as our new division CFO. She is a great addition to the executive team and has the full confidence of me, our executive leadership and the entire Breeden organization,” said The Breeden Co. Chief Operating Officer Tim Faulkner in a statement.

 

 

Breeden buys $3.5M Newport News site for apartments

Breeden Investment Properties Inc. purchased a 5.06-acre land parcel to build a 176-unit apartment complex in the 200-acre Huntington Pointe residential development. The Virginia Beach-based commercial real estate development company paid $3.52 for the vacant parcel.

Breeden purchased the property, located off of Denbigh Boulevard near the York County line, from Huntington Pointe LLC.

C. Cheyney Cole of S.L. Nusbaum Realty Co. represented Breeden in the transaction.

 

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The Breeden Co. names multifamily, CRE director

Virginia Beach-based real estate developer The Breeden Co. announced Wednesday that Bonnie Moore has been promoted to director of operations for the company’s multifamily and commercial real estate divisions.

Moore has been The Breeden Co.’s director of multifamily operations for more than 20 years. In her new role, she will oversee the departments’ operations, property inspections, compliance regulations and vendor and contract negotiations.

“The combination of streamlining our operational efforts with Bonnie’s proven strategies made this decision an easy one,” The Breeden Co. Chief Operating Officer Tim Faulkner said in a statement. 

Moore joined the company in 1991 as a property manager in the multifamily division. 

 

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