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Breeden Breaks Ground on Luxury Multifamily in Virginia Beach

The Breeden Company broke ground Friday on The Pinnacle on 31st Street, a $66 million multifamily project at the Oceanfront area of Virginia Beach. The single-building, 240-unit property is scheduled for completion in early 2023.

“There is nothing like this property in the submarket,” said Breeden COO Tim Faulkner. “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.”

Breeden Construction will serve as general contractor. The Breeden Company’s property management division will manage the asset once construction is complete. 

Unit sizes will range from 775 to 1,391 square feet. 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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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