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Cornerstone Group List Colleen M. Carey List

Cornerstone Group Totals:

Number of Units: 1,189

Total Costs: $144,389,952

Total Equity Investment: $27,324,000 

Project Name Location Year Built # of Units Total Cost Equity
Investment
Type of Project 
Lakeview Commons Plymouth, MN 1995 64 $5,700,000 $2,725,000 New Construction
Columbine Townhomes Eden Prairie,MN 1996 32 $3,150,000 $1,500,000 New Construction
Minnetonka Mills Townhomes Minnetonka, MN 1997 30 $3,656,248 $1,319,175 New Construction
Bluff Homes St. Paul, MN 1998 73 $8,201,550 $4,541,650 New/Rehab 
Cathedral Hill Homes St. Paul, MN 1998 60 $7,580,000 $4,168,000 Historic Restoration
Maple Pond Homes Maplewood, MN 1998 168 $9,148,897 $2,667,746 Acquisition
/Rehab
Medley Park Townhomes Golden Valley, MN 1999 30 $3,350,000 $1,065,715 Acquisition
/Rehab
Walnut Place Townhomes Rockford, MN 1999 30 $3,300,000 $1,091,406 Acquisition
/Rehab
Rivertown Commons St. Paul, MN 2001 140 $8,644,433 $1,228,450 Acquisition
/Rehab
Cedarview Commons N. St. Paul, MN 2002 204 $16,332,974 $3,830,417 Acquisition
/Rehab
Cedardale Place Owatonna, MN 2002 98 $6,325,850 $1,486,441 Acquisition
/Rehab
Great Northern Lofts St. Paul, MN 2002 53 $22,000,000 $2,400,000 Historic Rehab
Marketplace Lofts* Hopkins, MN 2002-3 48 $11,600,000 $ 721,000 New Construction
             
Subtotal     1,030 $97,389,952 $25,624,000  
2003 Construction:
Kensington Park** Richfield, MN 2003 109 $32,000,000 $ 1,200,000 New Construction 
Jackson Hill W. St. Paul, MN 2003 50 $15,000,000 $ 500,000 New Construction
             
Total     1,189 $144,389,952 $27,324,000   

*Marketplace Lofts also includes 17,000 square feet of Retail Space
**Kensington Park includes 25,000 of Retail Space
 

  T h e   C o r n e r s t o n e   G r o u p
7300 Metro Boulevard
» Suite 585
Edina, Minnesota 55439
phone: (952) 942-6900
fax:: (952) 942-6902
email: develop@thecornerstonegroup.com
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