The 372-unit multi-family project on the former General Mills site – near St. Anthony Main – is a joint venture between Twin Cities-based developers Doran Companies and CSM Corporation
Bloomington, MN – After nearly a year-long community engagement process, Doran Companies today announced that the City of Minneapolis Planning Commission unanimously approved its proposal to develop a new $100 million-plus luxury apartment community. The multi-family development is a joint venture between Twin Cities-based Doran Companies and CSM Corporation and will include 372 units, contributing to the City’s desire for increased density while also voluntarily providing 10 units of affordable housing.
“We are excited about this partnership, which has included significant input from the community and city staff, and which we believe will add to the vitality of this dynamic neighborhood along the Mississippi River,” said Doran Companies founder Kelly Doran. “Our long-term commitment to this unique part of the downtown – including our existing 338-unit luxury apartment community at Mill and Main – remains a key focus of our company and we are excited to develop, build and manage additional property here for the long-term.”
“The Expo,” named as an homage to the former Industrial Exhibition Hall that was once immediately across the street from the existing site, will be built as a partnership between Doran Companies and CSM Corporation. Doran Companies acquired the 2.54 acres in the spring of 2017. In addition to the 372 units of housing and 400 parking spaces, the development will include more than 3,175 square feet of retail space – ensuring a higher use for what is currently a surface parking lot and adding to the vitality of this neighborhood.
“Doran Companies and CSM Corporation share a long-standing commitment to the Twin Cities,” said CSM CEO Gary Holmes. “We are looking forward to breaking ground later this year and bringing this vision to life.”
Consistent with other Doran residential properties, the amenity-rich residential community will include clubrooms and entertainment suites with chef-grade kitchens and a terrace-level outdoor pool with dining areas, grills, bar, fire features, bocce ball and a putting green. Additional amenities will include a business center, state-of-the-art fitness center, spa, sauna and game room with a golf simulator.
About Doran Companies
As one of the fastest-growing real estate development firms in the Upper Midwest, Doran Companies is a trusted leader in development, architecture, construction and property management. With offices in Colorado and Minnesota, Doran’s strong team of industry professionals are responsible for an impressive portfolio of premier properties. Over the past decade, Doran Companies has developed, designed or built more than 30 luxury multi-family and mixed-use projects in Minnesota, North Dakota and Colorado. Doran’s current property management portfolio includes millions of square feet of commercial space and luxury residential units in some of the most exclusive areas throughout the Midwest. Doran Companies’ more than 140 employees are committed to over-achieving and over-delivering every single day. Receiving numerous industry awards – from “Best Place to Work” to “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
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Two years ago, Anne Behrendt was named CEO of Doran Cos. and became its majority owner after the company split with its namesake and founder, Kelly Doran.
Doran sold his remaining shares in Doran Cos. earlier this year and founded Doran Properties Group. Behrendt owns 51% stake in Doran Cos., with President and Chief Financial Officer Ryan Johnson owning the remaining percentage.
Behrendt moved into the CEO role having been with the company for a decade. During these years, the Bloomington-based company expanded into Denver, constructed numerous types of projects for its portfolio, oversaw the management of millions of square feet, and secured $1.5 billion in new business, according to the company’s website.