Ellwyn — Cottage Grove, MN
Roers Companies is developing a mixed-income apartment community in Cottage Grove, Minnesota. The shovel-ready project has completed land and financial closings and is located at a key entry point to the city within a growing corridor. The site provides strong access to major employment centers across the Twin Cities and Hudson, Wisconsin. Limited new supply, low vacancy, and strong household incomes support demand for new rental housing. The community will include work-from-home suites, wellness spaces, and a walking trail with direct park access. With TIF financing in place, the project is positioned for stable long-term performance in a constrained housing market.
Invest NowInvestment Highlights
Increasing Labor Force
Large-scale investments — from advanced manufacturing
expansions to the Cottage Grove Business Park — are
bringing thousands of new jobs to the area and signaling long-term economic strength. This surge in employment growth continues to drive demand for high-quality rental housing, positioning the project at the center of a thriving and evolving workforce hub.
Location
Positioned as the first development visible when entering Cottage Grove, the project will serve as a landmark gateway to the city. Its location places residents within walking distance of new and emerging retail, restaurants, and daily conveniences, while also offering seamless access to major highways connecting to the Twin Cities and Hudson. This combination of visibility, accessibility, and amenity-rich surroundings enhances both resident appeal and long-term asset value.
Mixed-Income Appeal
The project’s blend of workforce and market-rate units
fills a significant gap in the PMA, where no new workforce housing has been added in recent years despite rising demand. This approach broadens the renter pool, supports community inclusivity, and strengthens absorption — while positioning the asset as one of the few developments able to meet the full spectrum of local housing needs.
Proven Track Record
Roers Cos. has successfully delivered multiple suburban communities utilizing TIF financing to enhance project feasibility and performance. A standout example is Axle Apartments, our first workforce housing development, which opened in 2022 and reached 95% leased at launch — the fastest lease-up in company history. Axle not only filled a critical need for attainable housing but also outperformed its original proforma, culminating in a landmark sale in September 2025. Delivered ahead of schedule and under budget, the project generated returns that far exceeded investor expectations andrndemonstrated Roers Cos.’ disciplined execution, strong market insight, and ability to deliver strategic, risk-conscious results.
Property Location
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Investment is only offered exclusively to accredited investors. This is not an invitation to invest.
