May 7, 2024

Breeden Construction Begins Construction Of Affordable Senior Community in Portsmouth, VA

Richmond, Va. – May 7, 2024  Breeden Construction is pleased to announce it has been awarded the contract to serve as the general contractor for Phase 2 of Lexington Place, “Lexington Senior Apartments,” in Portsmouth, Virginia. Richman Lexington Senior Apartments, LLC is the developer for the project.

The Phase 2 development, “Lexington Senior Apartments,” will consist of 105 affordable apartments, available to seniors earning less than 30-60% of the area median income (AMI). This project will also include trails throughout the property, a grilling station for resident use and spaces for vocational and rehabilitative services for applicable seniors. The development overall will comply with National Green Building Standards and is expected to be completed in late 2025.

“We are honored to serve as the general contractor for the ongoing affordable housing efforts in Portsmouth, Virginia,” shared Breeden Construction President Brian Revere. “There is no denying there is a critical need for more affordable housing and, together with our developers, Breeden Construction looks forward to boosting the supply of affordable homes in the Portsmouth Community.”

With offices in Richmond and Virginia Beach, Breeden Construction is ranked by Building Design + Construction (2023) as one of the top general contractors in the nation.

About The Breeden Company

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).
Media Contact
Christine Gustafson
Vice President of Marketing & Public Relations
(757) 486-1000