Doran Companies has closed on the purchase of The Offices at Marsh Run at 11816 Wayzata Blvd. in Minnetonka, Minnesota, and the construction financing to redevelop the decades-old more than 31,000-square-foot office property.
The Doran-designed 197 apartments will replace the existing three-building, two-story office complex. Doran has already begun site prep work, including abatement and demolition, with large-scale construction beginning in January 2024.
The 4.3-acre project site is down the street from the Birke Apartments, also developed, designed, and constructed by Doran, which includes 175 units of multifamily living.
The new apartments range in size from alcoves to three-bedroom units. Amenities include a fitness room, co-working space, amenity deck, entertainment suite, and more. Unique to the area, the project will also feature a walking trail surrounding a beautiful wetland and pond. The development has received tax increment financing (TIF) from the City of Minnetonka to offer affordable units.
The project will be managed by Doran’s property management team, Whitecap Management.
