The Cornerstone Group

The Cornerstone Group

About Us


History

Leaving Our Mark

The Cornerstone Group is an award-winning real estate development team founded in 1993 by Colleen Carey in response to the Twin Cities community’s need for a variety of high-quality housing options.

Since its inception, The Cornerstone Group has specialized in urban redevelopment projects, as well as historic renovations of significant properties, creating over $200 million in housing and mixed-use development initiatives.

Here’s a quick look at some of the projects we’ve been fortunate enough to work on over the past 17 years. If you’d like more details on any project, just ask.

Project NameLocationYear Built# of UnitsTotal CostEquity InvestmentType of Project
TOTALS:1,242$209,989,952$28,745,000
The MistSpring Lake Park, MN2007102$68,000,000New Construction
Kensington ParkRichfield, MN2004110$33,000,000New Construction
Marketplace Lofts*Hopkins, MN2002-348$11,600,000$ 721,000New Construction
Great Northern LoftsSt. Paul, MN200253$22,000,000$2,400,000Historic Rehab
Cedardale PlaceOwatonna, MN200298$6,325,850$1,486,441Acquisition/Rehab
Cedarview CommonsN. St. Paul, MN2002204$16,332,974$3,830,417Acquisition/Rehab
Rivertown CommonsSt. Paul, MN2001140$8,644,433$1,228,450Acquisition/Rehab
Walnut Place TownhomesRockford, MN199930$3,300,000$1,091,406Acquisition/Rehab
Medley Park TownhomesGolden Valley, MN199930$3,350,000$1,065,715Acquisition/Rehab
Maple Pond HomesMaplewood, MN1998168$9,148,897$2,667,746Acquisition/Rehab
Cathedral Hill HomesSt. Paul, MN199860$7,580,000$4,168,000Historic Restoration
Bluff HomesSt. Paul, MN199873$8,201,550$4,541,650New/Rehab
Minnetonka Mills TownhomesMinnetonka, MN199730$3,656,248$1,319,175New Construction
Columbine TownhomesEden Prairie,MN199632$3,150,000$1,500,000New Construction
Lakeview CommonsPlymouth, MN199564$5,700,000$2,725,000New Construction

*Marketplace Lofts also includes 17,000 square feet of Retail Space