The Breeden Co. has bought a six-acre parcel adjacent to Norfolk’s Community Beach Park where it plans to build a multifamily community, Pinewell Station.
Construction of the development, which has an estimated value of $30 million, is expected to begin next month.
Leasing is expected to begin next fall.
The 145-unit Pinewell Station will be built by Breeden Construction and managed by Breeden Property Management.