
Lyra Apartments in Centennial officially opened in April more than
50 percent pre-leased
Bloomington, MN – The Doran Group, the new name for Kelly Doran’s real estate company, announced today that Doran-CSM, Centennial, LLC – an affiliated entity – has sold Lyra Apartments to a publicly held real estate investment trust for $95 million. The 215-unit apartment community at 9641 East Geddes Avenue in suburban Denver opened on April 1, 2022, and was developed, leased, and managed by The Doran Group.
The Lyra apartment community saw above-market leasing activity, opening 50 percent pre-leased in April and reaching the 95 percent stabilization threshold within a few months.
Read more
The Doran Group Announces Purchase of New Eden Prairie Location for Company Headquarters
Move to new building will enable future growth, offer key amenities for employees coming into the office
Bloomington, MN – The Doran Group, a leading Twin Cities real estate development firm owned by Kelly and Evan Doran, announced today the relocation of its corporate headquarters from Bloomington to Eden Prairie by the end of April 2023. The company closed on the purchase of 6423 City West Parkway in Eden Prairie this week, a nearly 19,000 square foot multi-level office building with employee amenities that include free parking, a full gym with locker rooms, ample bike storage, a game area, kitchen and indoor and outdoor gathering spaces.
Read more
On Give to the Max Day, join us in supporting college students in recovery
We will be matching dollar for dollar up to $50,000. To make a contribution, click on this link: https://bit.ly/3hHhPp6
Kelly Doran announces sale of 215-unit market rate suburban Denver multifamily project for $95 million
Lyra Apartments in Centennial officially opened in April more than
50 percent pre-leased
Bloomington, MN – The Doran Group, the new name for Kelly Doran’s real estate company, announced today that Doran-CSM, Centennial, LLC – an affiliated entity – has sold Lyra Apartments to a publicly held real estate investment trust for $95 million. The 215-unit apartment community at 9641 East Geddes Avenue in suburban Denver opened on April 1, 2022, and was developed, leased, and managed by The Doran Group.
The Lyra apartment community saw above-market leasing activity, opening 50 percent pre-leased in April and reaching the 95 percent stabilization threshold within a few months.
Read more
Mill & Main, Aria-Edina and The Triple Crown Residences at Canterbury named “Minnesota’s Best” apartment communities by the Star Tribune
Twin Cities Business Magazine Names The Doran Group “Best of Business Winner” in Three Key Categories: Best Multifamily Developer Winner, Best Commercial Property Manager Winner and Best Commercial Real Estate Developer Winner
Bloomington, MN – Twin Cities Business Magazine today announced The Doran Group is the winner of three coveted “Best of Business” categories, including: Best Multifamily Developer, Best Commercial Real Estate Developer and Best Commercial Property Manager.
“We are thrilled to receive this honor, and appreciate all the readers in the Twin Cities selecting us as the winner,” said The Doran Group owner Kelly Doran. “I’m so proud of the team we have assembled and the hard work they do day in and day out. This is really a testament to their work. And I’m also thankful for every resident who continues to make our apartments and townhomes their homes. We take enormous pride in our work, which is all in service to them.”
BULLISH ON MAPLE GROVE: Kelly Doran opens third of four luxury apartment buildings at his Reserve at Arbor Lakes gated community, with plans for senior housing and 5,200 square feet of additional retail at adjacent sites already underway
Significant demand sees 70 percent of the 151 newly available apartments leased just two months after opening, 100 percent of the existing 30,000 square feet of retail fully leased
Bloomington, MN – Just three years after Kelly Doran first welcomed residents to the Reserve at Arbor Lakes luxury gated apartment community in Maple Grove and some of his adjacent retail spaces at the Village at Arbor Lakes opened their doors, Doran Properties Group announced today it successfully opened the community’s third residential building, with nearly 70 percent of the new 151 apartments leased just two months after opening. Additionally, the company is nearly finished constructing 5,200 square feet of additional retail space on an adjacent site as the original 30,000 square feet it built and manages as part of the “Village at Arbor Lakes” is fully leased.
Read more
Doran Properties Group Names New Chief Financial Officer
Jonathan Bishop brings with him extensive capital markets and multifamily experience.
Read more
Kelly Doran Launches Doran Properties Group, a Development Company with more than 160 employees
The move coincides with Doran’s final sale of all remaining ownership interest in Doran Companies, the company he founded nearly 15 years ago.
Bloomington, MN – Kelly Doran, longtime developer of commercial real estate in the Twin Cities, announced today he has sold all remaining ownership interest in Doran Companies and is launching his new venture, Doran Properties Group, with more than 160 employees and its entire real estate portfolio under its direct management.
Read more
The Doran Family is proud to support Summit Academy
The Doran Family is proud to support Summit Academy (saoic.org) with a $10,000 matching grant for Give to the Max Day on November 19th. Learn more about this incredible organization here.
Visit GiveMN and support Summit Academy: https://www.givemn.org/organization/Summitacademyoic
Kelly Doran moves full speed ahead on Silver Lake Village redevelopment, closing on $49 million in financing and planning a ceremonial groundbreaking next spring
Two-phased 492-unit apartment community to include two four-story residences, a 15,000 square foot clubhouse and sprawling pool terrace for residents to enjoy
Bloomington, MN – Kelly Doran today announced he has closed on a $49 million financing commitment from Bremer Bank for his planned multifamily redevelopment project in Saint Anthony Village. The luxury apartment community will be built in two phases on the site of the former Silver Lake Village shopping center. Built in two phases, the two four-story residences will include tens of thousands of square feet of indoor and outdoor amenities, with the first phase set to begin pre-leasing in late 2021.
Read more