Developer Doran is selling 5 student housing properties at U of M


Twin Cities-based developer Kelly Doran is selling off the five luxury student housing projects he's built near the Minneapolis campus of the University of Minnesota, the Business Journal reports.

Doran's firm, Doran Cos., has hired Cushman & Wakefield/NorthMarq to sell the five properties. They are:

  • The Bridges (under construction) – 210 units
  • The Knoll (2013) -– 101 units
  • The Edge on Oak (2012) – 65 units
  • 412 Lofts (2011) – 102 units
  • Sydney Hall/Dinkydome (2010) - 141 units

Combined, the properties include 619 units and 1,100 bedrooms.

The listing posted on the Cushman Wakefield/NorthMarq website has more details about each of the properties, but doesn't list an asking price.

Doran was one of the first developers to take advantage of the market for luxury student housing when he began construction of Sydney Hall in 2009, the Minnesota Daily reports. And he's built at least one new luxury housing property on campus every year since then.

But Doran has occasionally butted heads with city officials and neighborhood activists. His original plan for Sydney Hall called for a 16-story building, but after some Dinkytown advocates complained about the height, he scaled it back to 6 stories, according to the Daily.

In February, Doran scrapped a plan to build a new hotel in Dinkytown, after the Minneapolis City Council denied the permit to raze a one-story building because it may have some historic significance, the Business Journal reported. The city has ordered a study to determine whether buildings in the area are worth a historical designation.

The Minnesota Daily reports that Doran told the paper last year he intended to slow down development near the university after the Bridges project opens this September.

In its listing, Cushman & Wakefield said the demand for student housing near the U of M far outpaces supply, "as all new buildings have achieved 100 percent occupancy in recent years."

Next Up

coronavirus, covid-19, icu

MN up to 45 counties with high or substantial COVID-19 transmission

Delta is leading to more cases – and more severe cases – involving children in other states.

Screen Shot 2021-05-23 at 9.08.48 AM

University of St. Thomas latest to require vaccines for students, staff

The college had previously offered incentives to get vaccinated, but is now mandating them.

Pixabay - crowd park outdoors CROP

New forecast predicts more than 4 million Twin Cities residents by 2050

The Met Council believes job opportunities will also steadily grow.

Mike Zimmer

Zimmer on unvaccinated players: 'Some of the things they've read are just, woof, out there'

The coach says he's doesn't understand why some players won't get vaccinated.

Ramsey County - Karina Her booking photo crop 2

Charges: St. Paul woman killed ex-husband, buried him in her back yard

A woman is accused of fatally shooting her ex-husband and burying him in the yard.

Screen Shot 2021-08-02 at 8.02.46 AM

Riverview Cafe in south Minneapolis closes, plans to 'reassess' its future

The cafe and wine bar was open in the Longfellow neighborhood for 23 years.

Pixabay - camp food fire

Bear sightings prompt food storage mandate up north

Visitors to the forest and BWCAW will be required to 'properly' store their food.

covid, vaccine

Here is Minnesota's COVID-19 update for Monday, August 2

The delta variant has been leading to higher case counts and hospitalizations in Minnesota.

Bloomington Walmart

Customers reportedly flee after scare inside Bloomington Walmart

People ran believing it was gunshots, but police say it was actually fireworks.

Racket website screengrab aug 2

New alt news site from former City Pages editors launches this month

Racket will be supported through a reader subscription model.

Flickr - Grand Canyon National Park - bison close-up

Dakota County to reintroduce bison to the area next year

The bison will be introduced to Spring Lake Park Reserve near Hastings and Rosemont.