After building hundreds of upscale apartments near the University of Minnesota in Minneapolis, Kelly Doran is shifting his focus to the suburbs — for now.
Last week, he broke ground on a 484-unit apartment project in Brooklyn Park called 610 West, and he’s about to start construction on major apartment projects in Maple Grove and Hopkins.
“I guess you could say we’re bullish on the suburban market,” Doran said.
Though the company isn’t working on any development projects of its own in Minneapolis, the company is still active in the city. Doran owns four multifamily properties and its construction company is building The Encore luxury apartments in the Mill District for Sherman Associates. The company is also the general contractor on the expansion of the Depot Renaissance Hotel, also in the Mill District.