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.
- ◦Development