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
TOTALS:			1,242	$209,989,952	$28,745,000
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