Mpls/St. Paul Business Journal: Doran lands financing for nearly 500-apartment development in St. Anthony

Kelly Doran’s redevelopment of the Silver Lake Village shopping center in St. Anthony got a boost as he announced Tuesday that he’s landed $49 million in financing for the first phase of the 492-apartment project. 

With financing — from Bremer Bank — Doran said in a news release that construction on the first 254 units will begin in the spring. 

The project, on 10.6 acres at 3800 Silver Lake Road, will include a pair of four-story buildings and the amenities seen in many of Doran’s other Twin Cities projects, like a massive club house and pool terrace.