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PCCP, Doran JV on Minnetonka Apartment Project
A joint venture of PCCP, LLC and Doran Companies will develop a class A, 350-unit multifamily project located on 5.15 acres at 5959 Shady Oak Rd. in Minnetonka, MN. Groundbreaking is expected within a month, and the first units are anticipated to be available for rent in spring 2023.
“5959 Shady Oak provides PCCP the opportunity to partner with Doran Companies, a well-respected multifamily developer in the Twin Cities,” said Alexandra Schultz, VP with PCCP. “This project will help meet the demand for high-quality rental product in Minnetonka, a preferred suburb of the Twin Cities with good access to a number of employers.”
The project will include a mix of market-rate and affordable studio, alcove, one-bedroom, two-bedroom and three-bedroom units. Upon completion, the project is expected to exceed the energy code by utilizing several green building and design features.
- ◦Development
