Breeden Co. to develop apartments in Richmond
Real estate development company The Breeden Co. closed on a nearly 16-acre parcel in Richmond, Virginia. The company intends to build an as-yet-unnamed apartment community designed by Humphreys & Partners Architects LP on the site.
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This parcel is located at the intersection of Route 288 and Genito Road in the Chesterfield County area of Richmond. Development is expected to begin in the spring of 2023 with completion expected in the spring of 2024. Breed building will act as general contractor for the project. Once construction is complete, The Breeden Co.’s property management division will be responsible for managing the asset.
The community will include a mix of one, two and three bedroom apartments, spread across four residential buildings. Layouts will range from 704 to 1,390 square feet. A bark park will be among the amenities. Residents will have the option of choosing attached or detached garages.
“We have not encountered any challenges in the development process of The Lake project and hope not to do so,” said Jake Marshall, vice president of acquisitions and development for The Breeden Co. Multi-Accommodation News.
“While we still have the permitting process to go through, we are a 60+ year old organization that understands development and therefore we are creating seamless development processes for different municipalities. We are also proactive in ordering the necessary supplies to keep our projects on time and on budget. (It is) something that has allowed us to continue to be successful throughout the recent pandemic.