Kit Richardson


Schafer Richardson




Minneapolis’ North Loop was once a no-man’s land of parking lots and aging warehouses. Kit Richardson saw the future of the neighborhood, now bustling with residents, restaurants and creative companies. Minneapolis-based Schafer Richardson, co-founded by Richardson in 1995, was among the busiest developers during the pre-recession Great Condo Boom, with North Loop projects such as 710 Lofts, 720 Lofts, 730 Lofts and Bassett Creek Lofts. Like all developers, it was stung by the recession, but the firm is busy again with projects such as Red 20, a market-rate apartment project in Northeast Minneapolis.