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New 132-unit Multi-family Project Located on 62nd and Penn in Richfield, Minnesota.

Richfield, Minn. (Nov. 30, 2021) – Lund Real Estate Holdings and Doran Companies formally announce the name of the new 132-unit multi-family project located on 62nd Street and Penn Avenue in Richfield, which is a first-tier suburb of Minneapolis. Named Landsby, the Danish word for village, the project benefits from the proximity to an adjacent Lunds & Byerlys and the burgeoning Penn Avenue community. Doran Architecture designed the exterior of the building, collaborating on space planning with Doran Interiors, who curated the finishes, lighting, and furniture. Doran Construction will complete the project for the first tenant move-ins in Spring 2022. Tradition Capital Bank financed the development.

Located in one of the most convenient and connected locations in the Twin Cities, the project boasts upscale amenities and excellent access to leading Twin Cities locations. Lunds & Byerlys has been serving the community at this location for over 54 years and the store will provide a tremendous benefit to residents living at Landsby.

“We are delighted to partner with Tradition Capital Bank for our financing and Doran Companies because of their exceptional soup to nuts capabilities, which includes everything from architectural design to build out to leasing and management,” said Tres Lund, President and CEO of Lunds & Byerlys.

The unit mix at Landsby includes spacious studio, alcove, one, two, and three-bedroom apartments. Each floor plan features quartz countertops, energy-efficient appliances, and private outdoor spaces.  Featuring a seventh-floor sky deck with lounge seating, fire pit, dining area, and a stunning skyline view of Minneapolis. With other amenities that include a fitness center, an entertainment suite with a gourmet kitchen, bike storage and repair, a maker space, a game/club room, heated parking garage and more.

“The goal of the design was to create practical spaces for the residents that are an extension of their unit,” said Erin Young, Vice President of Interior Architecture at Doran Companies. “The site and building footprint provided an easy to space-plan main lobby with public spaces adjacent to the leasing office.  The amenity deck, the game/club room, and entertainment suite have different energy levels; as the finishes came together, it resulted in a rich, textural palette defining a series of purposeful spaces.”

 “We’re excited to be a part of the revitalization taking place along Penn Avenue through the addition of highly sought-after housing and a significant remodel of our Lunds & Byerlys store that will include even more freshly prepared meal offerings for our customers,” said Mitch Avery, Vice President of Real Estate at Lunds & Byerlys.

Additional conveniences for Landsby residents include nearby access to excellent retail and dining establishments along Penn Avenue, Southdale, the Mall of America and the Minneapolis/Saint Paul International Airport. 

Pre-leasing has started with the property management team sharing the project details at the Lunds & Byerlys Richfield store on most Fridays and Saturdays and by appointment. Appointments can be scheduled by visiting www.landsbyonpenn.com 

About Lund Real Estate Holdings

Lund Real Estate Holdings, a sister entity to Lunds & Byerlys, owns, develops and operates real estate throughout the Twin Cities, including multiple Lunds & Byerlys locations.

About Doran Companies

Doran Companies is one of the upper Midwest’s fastest-growing real estate development firms and a certified Women Business Enterprise National Council (WBENC) company. Doran Companies provides trusted leadership and services in development, architecture, construction, and property management through Whitecap Management. With offices in Minnesota and Colorado, Doran’s industry professionals are responsible for a portfolio of premier properties. Over the past decade, Doran Companies has developed, designed, or built more than 5,000 units of multifamily and mixed-use projects in Minnesota and Colorado. Doran Companies has received numerous industry awards, from “Best Place to Work,” “Best of Business,” to “Best Large Contractor” – Doran’s partners and peers recognize its commitment to quality and its trusted position in the marketplace. For more information about Doran Companies, visit dorancompanies.com. 

About Tradition Capital Bank

Tradition Capital Bank was established with a commitment to provide a high-quality, relationship-based banking experience. This highly specialized model has been followed for over 15 years, creating a reputation within the market for those who seek tailored banking solutions. Through this, consistent growth, strength, and a sustained profitability have resulted. This continues to fuel the vision of building a legacy of generosity by the investment of these resources into employees, clients, shareholders, and communities.

Renderings:  Courtesy of Doran Companies