The Doran Group secures $26 million in financing, begins construction in Hudson on first Linden House-branded active adult apartment community
The 128-unit project is first in what CEO Evan Doran says is a second upscale brand of senior living communities for the company, with more sites for the brand envisioned across the region
Eden Prairie, MN (May 19, 2026) – The Doran Group, a longtime Twin Cities-based developer of luxury multifamily apartment and townhome communities and a more recent entrant into the senior housing sector, announced today it has begun construction and secured $26 million in financing on Linden House – Hudson. The 128-unit project marks the launch of a second senior housing brand for the developer, one designed specifically for strong regional hubs and growing smaller cities across the Upper Midwest.
“We believe there’s an unmet need across the region among people age 55 and older who are seeking upscale apartments with engaging programming,” said Evan Doran, president and CEO of The Doran Group. “Linden House reflects our belief that residents in smaller, vibrant cities and towns in our region are equally interested in quality housing choices as they take steps to retire or are already enjoying that chapter of life.”
As part of its vision to extend the Linden House brand across the region, The Doran Group’s four-story community in Hudson will offer a mix of larger one- and two-bedroom homes, ranging in size from 690 to 1,380 square feet, plus private outdoor balconies for each home and underground heated parking. Located at 209 Annabelle Way, Linden House – Hudson will begin leasing in late 2026, welcoming new residents in late 2027.
“The launch of Linden House – Hudson reflects our commitment to ensuring high-quality, age-friendly housing that meets the needs of our growing 55+ community,” said Hudson Mayor Rich O’Connor. “The Doran Group’s reputation is stellar, and they are already proving to be great community partners, listening to area residents during community meetings and working with a variety of stakeholders to ensure the final design is a good fit for Hudson.”
Linden House – Hudson will offer a broad variety of engaging activities within an upscale setting. Key amenities will include an outdoor central terrace with a pool, outdoor lounge areas, grilling areas and gardens, clubroom, wellness center, craft spaces, underground heated parking, pet run and spa, grand lobby and more.
“The Saint Croix River Valley, anchored by Hudson and Stillwater, offers a unique mixture of traditional and modern amenities – with two historic downtowns, vibrant cultural institutions on both sides of the river and unparalleled nature escapes from boating to golfing to hiking,” said Doran. “We are excited to make Hudson the home of our first Linden House community – and to see it become the best-in-class rental destination for people wanting quality and convenience in the region they know and love.”
In addition to developing the property, The Doran Group is designing, building and professionally managing the community. Veridian Credit Union is financing the $26 million construction loan.
“Veridian Credit Union is incredibly grateful to The Doran Group for the opportunity to partner on this premier development,” said Matt Day, Commercial Loan Officer at Veridian Credit Union. “We are proud to provide the commercial financing for the Linden House – Hudson, which brings a new and much needed active adult-55+ housing option to the Hudson, Wisconsin community. Our team looks forward to seeing the finished product come to life, and we eagerly anticipate collaborating with The Doran Group on future projects that drive economic growth across the greater Twin Cities region.”
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About The Doran Group
The Doran Group, a multigenerational real estate company founded by the late Kelly Doran and led by President and CEO Evan Doran, is one of the most prolific developers in the Twin Cities. Recognized for developing exclusive luxury apartment communities, retail centers, high-end student housing, and now active adult communities, the company operates as a fully integrated real estate development firm with a commitment to delivering best-in-class developments and services. The Doran Group’s long-term approach to community development, focus on quality and strong partnerships with investors and cities have established it as a trusted name in the real estate industry. For more information, visit www.TheDoranGroupUS.com.
About Veridian Credit Union
Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative owned by the people who use its products and services – its members. Nationally recognized among the top credit unions in the U.S. for returning value, Veridian offers a full range of business and consumer financial services with 32 branches across Iowa, eastern Nebraska, and the Minneapolis-St. Paul metro area.