As time moved on and projects became larger, the importance for building a strong team became obvious. We have built an incredible core team to help us achieve our goals. Development has begun in other areas of the Minneapolis and St. Paul metro area. We continue to follow the goal set all those years ago of providing quality yet affordable multi-family housing. The future looks bright and we are excited for the journey ahead!
Our company started with just one man, Ed Kaeding. Growing up on the family farm near Devils Lake, ND, Ed acquired many valuable skills including those related to building and construction. During his college years, he helped his brother with new home construction, eventually moving on to apartment construction. Ed had a desire to build quality homes at an affordable price.
Ed and his wife, Brenda, owned 20 rental units in North Dakota and decided to move the operations to Forest Lake, MN.
Together they built the first 8-plex building, Cedarwood Apartments. They maintained a steady pace of construction with 90 units completed. Their sons, Michael and Lucas, were also involved as part of construction teams.
Since the 8-plex was such a big hit, the team moved in a direction of making bigger apartments to reach more people. The next project was Greystone Apartments, which has 10 units.
During this year, the team was busy. Not only did they build an 18-unit apartment building, Pineridge Apartments, but they also bought a Duplex, to rent out to families in need.
When the housing market was on fire Ed realized this was a poor time to invest in more apartments and wisely focused on paying down debt to weather the future storm he saw coming. After the crash in 2008 the small company was well positioned for further growth.
Next came along, Maple Court Apartments, which has 12-units.
A year later, behind Maple Court, Mill Pond Forest with 30 units was built. Unlike the previous buildings, this building offered underground parking, a workout room, and a commons area.
Birchview Apartments, 8 units.
Up the road, off of Highway 8 in Forest Lake, the company acquired a 190 unit storage facility, A1 Mini Storage.
In the same year, the company acquired two houses. Both conveniently located in the heart of Forest Lake. Designed with 2 bedrooms and 1 bathroom is the 607 House. The second house, known as the 555 House, is a 3 bedroom 1.5 bathroom.
The company built another house known as the, 489 House. Composed of 3 bedrooms and 2 bathrooms.
During this time, their son Mike and his wife Alyssa began more significant roles in the development of the company. The four made plans to begin a 120-unit complex to be built in four phases. This was a very aggressive undertaking for the small company. Their dream and consistent hard work paid off with the completion of this large complex known as Mill Pond II & III Apartments.
Aside from the 3 bedroom, 1 bathroom 243 House that the company aquired, came the idea for building townhomes. During this same year, we constructed our 8 unit Gateway Green Townhomes.
To get back on track, the company decided to specialize in one area, which was apartments. No longer was the company concerned about storage facilities, homes, or townhouses. The company extended out of Forest Lake and built Emberwood Apartments in the city of Blaine. This property would soon excel the company in a new direction to create a better way for people to live with new featured amenities like a game room, movie room, community room, and more!
During this year, our company moved in a more innovative direction. Emberwood Apartmetns became one of the first smart apartments in MN.
We were recognized as an American Small Business Champion by SCORE. And received awards from Best in Biz for Local Company of the Year. We are grateful for the support that we have received as we work towards creating a better way for people to live.