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 Name||Location||Year Built||# of Units||Total Cost||Equity Investment||Type of Project|
|The Mist||Spring Lake Park, MN||2007||102||$68,000,000||New Construction|
|Kensington Park||Richfield, MN||2004||110||$33,000,000||New Construction|
|Marketplace Lofts*||Hopkins, MN||2002-3||48||$11,600,000||$ 721,000||New Construction|
|Great Northern Lofts||St. Paul, MN||2002||53||$22,000,000||$2,400,000||Historic Rehab|
|Cedardale Place||Owatonna, MN||2002||98||$6,325,850||$1,486,441||Acquisition/Rehab|
|Cedarview Commons||N. St. Paul, MN||2002||204||$16,332,974||$3,830,417||Acquisition/Rehab|
|Rivertown Commons||St. Paul, MN||2001||140||$8,644,433||$1,228,450||Acquisition/Rehab|
|Walnut Place Townhomes||Rockford, MN||1999||30||$3,300,000||$1,091,406||Acquisition/Rehab|
|Medley Park Townhomes||Golden Valley, MN||1999||30||$3,350,000||$1,065,715||Acquisition/Rehab|
|Maple Pond Homes||Maplewood, MN||1998||168||$9,148,897||$2,667,746||Acquisition/Rehab|
|Cathedral Hill Homes||St. Paul, MN||1998||60||$7,580,000||$4,168,000||Historic Restoration|
|Bluff Homes||St. Paul, MN||1998||73||$8,201,550||$4,541,650||New/Rehab|
|Minnetonka Mills Townhomes||Minnetonka, MN||1997||30||$3,656,248||$1,319,175||New Construction|
|Columbine Townhomes||Eden Prairie,MN||1996||32||$3,150,000||$1,500,000||New Construction|
|Lakeview Commons||Plymouth, MN||1995||64||$5,700,000||$2,725,000||New Construction|
*Marketplace Lofts also includes 17,000 square feet of Retail Space