Colliers International’s Norfolk office announced the sale of the 4.19-acre parcel at 533 Front St. in Norfolk from Moon Engineering Co. Inc. to The Breeden Company, Inc. for $3.3 million.
Breeden Construction will build a 258-unit, five-story multifamily development with an internal parking garage consisting of 387 dedicated spaces. Breeden Property Management will manage the mixture of studio, one-, two- and three-bedroom residences with views of the Fort Norfolk waterfront with a pedestrian walkway along the Elizabeth River.