January 17, 2023

Richmond builder wrapping up two housing developments in Petersburg

As it continues upgrades to five subsidized housing properties in Richmond, a local construction company is marking the completion of similar work in Petersburg and nearing the end of another project there.

Richmond-based Breeden Construction recently completed 50 new apartments that make up an initial redevelopment phase for Pecan Acres, a 134-unit public housing complex managed by the Petersburg Redevelopment and Housing Authority.

At the same time, it’s also nearing completion on Pin Oaks Estates, another PRHA community a few miles away where Breeden is replacing older units with 98 new-construction apartments.

The two projects are Breeden’s first for PRHA, following similar work that the company is doing for the Richmond Redevelopment & Housing Authority and The Michaels Organization with five properties it’s rehabbing in Richmond.

Breeden President Brian Revere said the company’s work with those projects and others involving income-based housing led to its contracts with PRHA.

“We’ve really enjoyed working with the folks at the housing authority and have developed a strong working relationship, and we are looking for opportunities to be involved with other affordable housing projects in the Petersburg market, not only for the housing authority but with some other affordable housing developers,” Revere said.

“We see that location as being prime for additional development opportunities, and we very much hope to be included in the team that executes on future deals there.”

To read the complete article, click here.

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).
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