Develecor LLC

Practical real estate development in the Twin Cities. We deliver affordable, mixed-use, and workforce housing projects through disciplined execution and operational control.

See Our Work Partner With Us
Site Control Entitlements Capital Stack Construction Execution Lease-Up & Operations
What We Build

Development Focus

Building essential housing for the Twin Cities.

Affordable Housing

Income-restricted rental housing supported by public-private financing, serving households at 50–80% of area median income.

Mixed-Use Infill

Developing mixed-use projects that combine rental housing with neighborhood-serving commercial space in urban areas.

Workforce Housing

Providing quality rental housing for working professionals, students, and essential service workers across the Twin Cities.

Urban Projects

Delivering small-to-mid-scale projects that fit their neighborhood context and provide needed housing.

Completed Project

4111 Colfax, Minneapolis

4111 Colfax — new construction triplex in Minneapolis, completed 2025

Minneapolis, Minnesota

2025 Completed
New Construction Type
3 Furnished Units Configuration

4111 Colfax is a new-construction triplex in Minneapolis, completed in 2025 and operated as furnished rental housing for working professionals, students, and workforce renters. The project demonstrates hands-on development execution, construction delivery, operating experience, lease-up capability, and renter-facing systems.

Principal

Shahir

Shahir — Principal, Develecor LLC

Shahir

Principal & Developer

Shahir founded Develecor in 2018 and leads the development process across underwriting, capital coordination, construction oversight, lease-up, and operations.

  • Affordable Housing
  • Mixed-Use Infill
  • Workforce Housing
  • Urban Projects
  • Disciplined Underwriting
Who We Work With

For Partners

Develecor works with partners seeking disciplined execution and clear communication in real estate development.

How We Work

Operating Philosophy

Disciplined Underwriting

Conservative assumptions, realistic projections, and a clear understanding of risk before committing capital or reputation.

Practical Execution

Hands-on project management from site control through construction closeout. No abstraction — real work, real results.

Durable Housing

Buildings designed for long-term ownership and decades of reliable operation. Quality construction, responsible management, sustained commitment.

Contact

Let's Connect

Develecor is actively evaluating new sites, partnerships, and capital relationships in the Twin Cities metro.

612-720-7887 contact@develecor.com
Reach Out